By Huw Jones LONDON (Reuters) - Bankers who break rules on their conduct may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday as it unveiled some of the world's toughest curbs on the sector. The measures are the latest response to multi-billion pound taxpayer bailouts of lenders such as Royal Bank of Scotland and Lloyds in the financial crisis of 2008 and 2009, with few individual bankers subsequently punished for reckless behaviour. Hefty bonuses still being paid to bankers at a time of belt-tightening for most people have also prompted public anger over the issue and lawmakers have responded with calls for curbs on the sector. The Bank of England had proposed in a consultation paper in March there could be clawback of bonuses up to six years from the date they were fully paid out but has now extended that timescale.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists. "I don't think the contraction we saw in the first quarter is reflective of what's truly going on in the economy," said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh. Earlier in the second quarter, growth estimates were as high as 4 percent, but they were cut as trade, consumer spending and business investment rebounded from the winter slump by less than expected.