Bloomberg: According to informed sources, senior executives at two large state-owned banks will see their bonuses cut by 30% to 50% in 2025. At a medium-sized national lending institution, department heads also experienced a decline of about 40% in their variable compensation last year. These cuts are part of a broader campaign initiated by Xi to promote "common prosperity" and curb what officials describe as the extravagant lifestyles of top bankers.