Standard Chartered’s CFO Implies: ‘Give us our Bonuses or we will go else where’

Richard Meddings of Standard Chartered. This is one bank that needs no bailing out, totalling a vast $23.4bn in revenue last year. Richard takes home a pay check worth just over £2m, only half a million pounds less than CEO Peter Sands.

Standard Chartered CFO Richard Meddings says restrictions on bankers’ pay will damage competitiveness of EU-based banks and will lead to them moving their business else where.