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Simpson Thacher leads the way on bonus rise

Cleary Gottlieb, Paul Weiss and a group of other large US firms have broken with tradition and announced bonuses before Thanksgiving Day, also upping them by as much as 50 per cent.

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Questions hover over CC's independent bank report

A BBC programme will tonight examine controversial treatment of indebted customers by UK bank RBS and could also look at the role of Clifford Chance which found no evidence of wrong-doing when it was commissioned to investigate.

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