Davos: head of IMF warns against rising fat-cat pay

Christine Lagarde urges world's financial sector to find greater purpose and slams lack of women at top of banking

The head of the IMF has warned against fat-cat pay after noticing an increase in executive rewards across the banking sector.

Christine Lagarde used a panel discussion at the World Economic Forum annual meeting in Davos on Thursday to remind the financial sector against spiralling executive pay.