Hays Financial Markets, in association with Here Is The City, is examining the importance of bonus and benefits packages in the current climate, and would very much appreciate your input.
Barclays paid 481 staff more than £1m ($1.67m) last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.
Standard Chartered CEO Peter Sands cut bonuses and reassured investors capital levels can weather writedowns, boosting the stock after the bank’s first annual profit drop in a decade.
Most London-based bankers working on mergers and acquisitions (M&A) and advising companies on deals received higher bonuses in 2014, with junior bankers seeing payouts rise sharply, new data showed on Thursday.
Royal Bank of Scotland is to pay approximately $918m in bonuses for 2013 after securing the agreement of the UK Treasury agency that is its biggest shareholder.
HSBC will join the ranks of British banks awarding significant bonuses for 2013 when it unveils a discretionary pay pool of more than £2bn for its staff around the world on Monday.
Citigroup boosted CEO Michael Corbat’s compensation 25% to about $14.4m for 2013, his first full year running the company.
Now here's a first.
A battle over banker bonuses is building in London.
State-backed Lloyds Banking Group has swung back into profit, delivering a £1.7 million ($2.8 million) bonus for its chief executive despite amassing £10.3 billion in misselling provisions in the last three years.