When it comes to attracting executive talent, the playing field between the major banks that have accepted taxpayer money and those that have not — in the United States and in most major financial centers abroad — may be levelling.

At last week's Group of 20 summit in London, the international body agreed on principles governing executive compensation that would apply to banks both foreign and domestic, regardless of whether a bank has obtained taxpayer assistance from government programs and thus been forced to restrict compensation.

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