A UK challenge to a cap imposed on bankers’ bonuses by the European Union (EU) has been rejected by a senior figure in a European court, according to reports. Niilo Jääskinen, advocate general of the European Court of Justice, ruled Thursday that an EU law, which restricts bankers’ bonuses to 100 percent of their salary, or…

UK Challenge To EU Cap On Bankers’ Bonuses Dealt Huge Blow