Hat's off to the Brits. Britain is the first country to adopt rules for bank bonuses.
What are these rules? Following a five month consultative period the Financial Services Authority published its final code which is effective January 2010. The codes are very simple and straightforward. They say that bank bonuses can be guaranteed for only one year and not be several times a banker's salary.
The regulator backed away from a proposal that would have required banks to defer bonuses over several years.
Well, now it seems that even the big boys have to play by the rules. What do I mean play by the rules? Apparently, if a bank wants to pay back the TARP monies, they must demonstrate that 
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Will Rich Ross really have a positive impact on Disney's movie operations?
