The House of Corbat was the place to be on Friday in London.
A firm called Emolument.com, which encourages bankers to voluntarily submit their remuneration packages, has published a report claiming that – in London – Citigroup’s investment bank pays its directors the most, with an average of £370,000 ($603,100).
In second place is Deutsche Bank, paying an average of £335,000. Third is Credit Suisse, which pays an average of £325,000. US banks Goldman Sachs, J.P. Morgan and Morgan Stanley were in sixth, eighth, and ninth.
At the very bottom, a director at Lloyds could expect £158,000.
Which Banks Pay Directors the Most in London? [WSJ MoneyBeat blog]