Barclays’ results for 2020 are out. The British bank appears to have done its very best to pay people well in its investment bank, even though profits at group level were pressured by writedowns against potential non-performing loans. The bonus pool across Barclays as a […]
Tag: Bonuses
Bank of America had good and bad news on bonuses
Bank of America announced its bonuses on Friday. There was good and bad news for people who work there. The good news, reported already by the likes of CNBC, is that Bank of America is making extra payments to employees earning below $500k. […]
Everything we know about U.S. banks’ bonuses this year
If you already know the dimensions of your bonus for 2020, you work for one of a handful of banks. – The Canadians and Jefferies, which reported before Christmas, Citi and Morgan Stanley, which reported last week, or JPMorgan which told some of […]
Salaries and bonuses at Goldman Sachs in Hong Kong: the reality
Not everyone starts a career at Goldman Sachs in Hong Kong because of its reputation for paying good salaries and bonuses – there’s the kudos of having the GS logo on your business card to impress clients, friends and family. And there’s […]
Goldman traders are leaving for hedge funds before bonuses are paid
Goldman Sachs has developed a new execution algorithm. In an announcement last week, the firm said it launched a new algo called ‘AXIS’ on its Atlas high speed trading platform, and that the early results were “very promising.” This may be so, […]
This looks bad for 2020 bonuses at Citi
No one knows how big the bonus pool is in Citi’s institutional clients unit (its investment bank): it’s not something the bank breaks out, but it’s hard to conceive that the accidental loss of $900m won’t impact it somehow. The loss, needless to […]
Women bankers worry that lockdown will affect their bonuses
With some banking teams (mainly in markets) looking at record revenues, and some (mainly in advisory) heading for a year to forget, the Q2 results stage doesn’t necessarily seem too early in the year to start worrying about the 2020 […]
The truth about salaries and bonuses at Deutsche Bank in Hong Kong
Deutsche Bank has become better known for redundancies rather than recruitment over the past 12 months. After a pause due to the coronavirus, the firm is now pressing ahead with the 18,000 global layoffs that it announced last August. In Asia, however, […]
The truth about salaries at HSBC in Hong Kong
If you had any doubt as to how crucial Hong Kong is to HSBC, take a look at its 2019 annual report. Last year HSBC made $22.2bn in adjusted profit before tax globally – and Hong Kong alone generated $12.1bn. The significance […]
Saving 70% of my salary: bankers on life in lockdown
When bonuses are awarded for 2020, it seems almost inevitable that they will be substantially lower than in 2019 – despite the misplaced excitement of some traders. Once, this would have induced shrieks of rage. It may still, but the reality is that COVID-19 […]