Saturday, August 27, 2011

Bank of America to be punished for extravagance

The business of war rules igry04-08-2009 Bank of America to be punished for extravagance Another bonus scandal in the U.S.. Country's largest bank - Bank of America - will have to pay $ 33 million fine for being too generous bonuses paid to employees. Earlier it was reported that the nine largest financial institutions in America last year paid bonuses of $ 32.6 billion Thus, all nine companies have received from the state imposing monetary support. In the United States broke another scandal wasteful bankers. Largest U.S. bank - Bank of America will pay $ 33 million fine for being too generous bonuses paid to its employees. This was reported by The Securities and Exchange Commission (SEC), according to RIA Novosti. Penalties against the bank were displayed after the last week the prosecution of New York released data on bonuses paid to a number of banks that have received financial assistance from the state. Bank of America has received one of the most impressive package of state aid. However, this did not prevent the bank to pay for the year 2008 to its senior executives bonuses of $ 5.8 billion

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