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Bonus Watch '16: Brexit Knees Bankers In Their Deferred Shares

That's gonna leave a mark.
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By Rlevente [CC BY-SA 4.0], via Wikimedia Commons

Rlevente, via Wikimedia Commons


Following the Brexit vote, bankers are far less wealthy than before. Since Thursday, June 23rd (the day before the referendum), the value of deferred bonuses at Deutsche Bank, Barclays, UBS and Credit Suisse alone has declined by $800m. This figure is based upon bonuses that were paid in deferred stock for last year. Deutsche deferred €1.5bn of 2015 bonuses, Barclays deferred £661m. Credit Suisse and UBS deferred CHF978m and CHF1bn respectively...Since the referendum vote, the share prices of the banks in question have declined by anything from 17% (UBS) to 25% (Barclays). 2015’s deferred stock bonuses are suddenly worth a lot less as a result. As are any bonuses unvested from the previous two to five years.

$800m wiped off 2015 bonuses at Deutsche, Barclays, UBS, CS last week [eFinancial]


Bonus Watch '16: British Banks

HSBC takes the lead, while RBS defies the odds by having any money at all to distribute.

Bonus Watch '16: Credit Suisse CEOs

Like many a Credit Suisse employee, Thiam will see his bonus chopped (though in his case the slashing is voluntary).

Bonus Watch '16: The 10 Most Senior People At Deutsche Bank Will Share A Bonus Pool Of Zilch/Zip/Nada

As for the rest of the staff? Expect something just a smidge above zilch/zip/nada.

Layoffs/Bonus Watch '16: For Barclays Investment Bankers, The Bonus Is Keeping Your Job

Not being told to clean out your desk is this year's cash prize.

Getty Images

Layoffs Watch '16: Credit Suisse Bankers Are Girding Their Loins

The Swiss bank is said to be asking London bankers to turn in their ID badges, forever.

Damn you bastard Brits! By Andreal90 (Own work) [CC BY 3.0], via Wikimedia Commons

Bonus Watch '16: Brexit To Crush Untold Number Of Hopes And Dreams

You can kiss those $30,000 mint condition Star Wars action figures good-bye.