U.S. may loosen pay caps for bankers


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Published in Delaware Online May 24, 2009 by Christine Harper, Pat Weschler, Matthew Benjamin of Bloomberg News

Wall Street expects the U. S. to loosen compensation caps for banks that received taxpayer aid, three months after Merrill Lynch & Co.’s $3.6 billion in bonuses drive Congress to impose them, according to executives at four of the country’s biggest financial firms.

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