"You're not just thinking what are you going to do, but what is the other guy going to do," one banker says of curling
A battle over banker bonuses is building in London.
More than half of bankers and traders working at U.S. securities firms in London will receive a higher bonus for 2013 than a year earlier as they benefited from stronger American investment-banking results, according to compensation data provider Emolument.
Bankers are using 'sneaky' ways of avoiding the European Union's new cap on bonus sizes, a think tank has claimed.
Sad to report.
More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.
Has it really come to this ?
They shape economies, move markets, do deals -- and change the world. They hold sway by virtue of the money they manage, the companies they control, the policies they enact and the ideas they propound.
U.K. bankers earning more than 1 million euros ($1.3 million) in 2010 and 2011 outnumbered all of their counterparts in the rest of the European Union put together, a new report showed, although the average pay of U.K. bankers fell.