Lord Myners urges government action on "obscene" banking bonuses

6 months ago
play
0:00
8:52

The Financial Policy Committee, which is tasked with regulating the City, has said that banks should keep lending, but if they needed more cash to build up their reserves they should cut dividends and bonuses. Angela Knight, of the British Bankers Association, gives her response and former City minister Lord Myners talks about how realistic it is to expect banks to fall into line.