British banks face tax on bonuses: Reports

Britain`s government is considering slapping a "supertax" on bankers` bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said on Monday.

Bailouts for British banks hit 850 billion pounds

Britain`s support for its banks has hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said Friday, amid tensions over performance pay for senior bankers.