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What Do British Bankers Know That The Rest Of Us Don't?

Tyler Durden's picture




 

With Carney due to step up QE even moar, following the path of least resistance in the mind of a central banker, we can't help but wonder why it would be that UK financial services firms paid an "unsually high" amount of bonuses in April - even as the top rate sof income tax was cut from 50% to 45% that month. As Bloomberg notes, bonus payments in finance were 1.3 billion pounds in April compared with 600 million pounds a year earlier; begging the question of whether these British bankers know something we don't and want their money now?

 

 

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