Bailed-out US banks still pay millions in bonuses

American banks have continued to pay out multimillion-dollar bonuses to executives despite receiving huge bailouts from the US government, according to a new report.The study into pay practices in America’s nine largest banks over the past nine months found there was “no clear rhyme or reason” to the way banks had compensated and rewarded their employees. The banks ran “heads I win, tails you lose” bonus systems despite receiving more than £100 billion in taxpayer-funded rescue packages, according to the report by New York Attorney General Andrew Cuomo.