bonuses

Let’s see it’s just after 7:30PM in Dublin so carry the one and Finance Minister Michael Noonan is going to go with NOT ANY TIME SOON. Read more »

Deutsche Bank reduced salaries and bonuses at the investment bank, which also includes sales and trading, by 14 percent to 5.34 billion euros last year from 6.24 billion euros in 2012, the company said. The compensation fell 23 percent in the fourth quarter from a year earlier. “We are keeping an eye on the competition and the pack that we’re competing with for talent,” Jain said. “What we are doing is something the whole industry is doing at varying speeds.” The bank hasn’t lost a “material” number of investment bankers after overhauling its compensation system, which includes staggering annual bonuses over a longer period, he said. [Bloomberg]

  • 27 Jan 2014 at 2:57 PM

Bonus Watch ’14: Citi EMEA

Citigroup’s got (half of) your (total compensation’s) cold hard cash right here. Read more »

“I admire the move by the European Union to restrict the bonuses of that class of privileged civil servants called “bankers” — a recognition that the taxpayers have the right to control the income of those they subsidize and bail out, just as they set the salaries of other state-sponsored workers. Alas, bankers in their current status are an offense to capitalism; they are in a strange situation of having upside without downside, no skin in the game. As an additional insult to the taxpayer, bankers paid themselves the largest bonus pool of their history in 2010 — thanks to Troubled Asset Relief Program. If a banker wants to be free in his income, he should start his own hedge fund. Because hedge fund operators are invested in their funds; they typically have 50 times more risk as a share of their net worth than their largest customer.” [NYT]

  • 23 Jan 2014 at 1:07 PM

Bonus Watch ’14: Credit Suisse

A quick update re: yesterday’s bonus communication day, the update being that Brady Dougan apparently has some ticked off junior mistmakers on his hands. Read more »

  • 22 Jan 2014 at 7:13 PM

Bonus Watch ’14: JP Morgan

If you liked last year’s bonus, you’re gonna love the one coming your way this week. Read more »

  • 22 Jan 2014 at 11:56 AM

Bonus Watch ’14: Credit Suisse

It’s compensation communication day at the House of Dougan. No word on numbers yet, but the early word is: “No one looks particularly thrilled so far…”

  • 17 Jan 2014 at 12:28 PM

Role-Based Pay Watch ’14: Goldman Sachs

Goldman Europe sees your bonus caps and raises you this: Read more »