Days numbered for skewed bank bonuses

Washington

WALL Street executives would have to wait at least four years to collect most of their bonus pay and could be forced to return money if their companies lose big under rules being proposed to install one of the last major planks of the Dodd-Frank Act.

The ban on bonus practices that reward excessive risk-taking would strike hardest at senior executives and key employees at financial companies with more than US$250 billion in assets, according to the long-delayed incentive compensation measures released by the National Credit Union Administration.