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BoE says banker bonuses can be clawed back for up to seven years

LONDONWed Jul 30, 2014 10:24am BST

LONDON (Reuters) - Bankers who break the rules may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday.The Bank had proposed in a consultation paper in March there could be clawback of bonuses up to six years from the date they were fully paid out.Britain is...