Bonus-Gate

Bankers, Watch Your Wallets

With violent clashes taken place on the streets of Pittsburgh, the leaders of the world's 20 biggest economies meet Friday poised to crack down on banker pay and coordinate economic policies. President Obama is meeting with other G-20 leaders to discuss forcing banks to tie compensation to risk and make tighter capital requirements. “Europeans are horrified by banks, some reliant on taxpayers’ money, once again paying exorbitant bonuses,” the president of the European Commission said.