Prime Minister David Cameron says talks are continuing between the Treasury and banks over proposed bonuses.
Mr Cameron told BBC Radio 4’s Today programme that reports Stephen Hester, chief executive of Royal Bank of Scotland, was in line for a £2.5m bonus “are almost certainly wrong”.
“Detailed discussions” were on-going with the major clearing banks, he said.
His aims were bonus pools to be lower, taxes paid to be higher and lending to small businesses to be higher.
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