Bonus Watch '13: Barclays, Credit Suisse Bonuses To Spend Some Time In The Pool

Author:
Updated:
Original:

Like Deutsche Bank, management at BARC and CS think shrinking bonuses up to 20 percent sounds like a great idea.

Britain's Barclays is finalising bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 percent on average, two sources said. New Barclays CEO Antony Jenkins is revamping the bank and has pledged to cut pay to lift returns for investors...Bonuses across the industry for 2012 could be down by as much as 30 percent from 2011, senior bankers say. Credit Suisse is also set to cut its bonus pool for 2012 by one fifth, the fourth year in a row the Swiss bank has slashed payouts.

Barclays, Deutsche Bank to cut pay up to 20 pct-sources [Reuters]
Related: Not Everyone Is Satisfied With The Number Credit Suisse Wrote Down And Slid Across The Table

Related