UK
Tag: Deferred bonuses
Big change to small bonuses at Nomura
Nomura’s bonuses have now been announced. The bank isn’t commenting on its payments, but headhunters in London say the numbers were revealed earlier this week. There has apparently been some disappointment, and it seems that some interesting changes have been made. Headhunters said Nomura has reduced its deferral period. As we suggested a few weeks […]
Late Links: How bonuses at Citigroup increased 75%. Who Goldman’s hiring now
Back in the day, Citigroup’s stock bonus scheme was a great way of becoming very rich indeed. Between November 1995 and August 2000, Citigroup’s stock price rose 627%, making its owners extremely wealthy men (and women). Then came the bad times: Citi’s stock fell from $55 in 2006 to less than $4 in late 2008. […]
HSBC caps bonuses at nine times salary and pays someone $11m
Buried in today’s release of its annual results, HSBC revealed that it caps bonuses for its executive directors — its top management — at nine times salaries, far above the EU’s proposed cap of 2.5 times salaries. It also pays some of its bankers very well indeed. According to the bank’s annual report, executive directors have […]
The Dartmouth Partners bank-by-bank associate bonus survey for 2012
Following the boom years of instant gratification, we have had almost five years to adjust to an era of practising the virtues of patience, self-control, and willpower. It feels like we have all been part of the infamous Stanford Marshmallow experiment. Time for the payoff? 2013 has had a breathtaking start. Equity markets have raced upwards, […]
Six things you need to know about this year’s bonuses at UBS
Today is the day that UBS has announced its fourth quarter results. The Swiss bank has also provided some very detailed information on the structure of this year’s bonus pool. This is what you need to know. 1. UBS is paying more cash than before and more cash than rivals UBS has slightly reduced the percentage […]
Credit Suisse bonuses capped at a lower level than rivals’
Credit Suisse’s bonuses were announced internally last week, but information is only just starting to emerge about the Swiss bank’s bonus structure. Headhunters and Credit Suisse insiders say the bank will be deferring an element of all compensation above CHF250k. In other words, cash compensation is capped at this level and once an individual’s combined […]
Seven things Deutsche Bank’s fourth quarter results say about pay and hiring
Deutsche Bank’s fourth quarter results are out for 2012. The full details aren’t available yet – Anshu Jain and Jürgen Fitschen are embarking on the conference call accompanying the results as we write. But even at this stage, there are several things that anyone working in Deutsche’s investment bank should be aware of. 1. Deutsche Bank […]
Late Lunchtime Links: Your bonus will be deferred until 2023
Banks talk a good talk about deferring bonuses, but the reality is that a significant proportion of bonus money will often be made available in the same year that bonuses are awarded. Take Morgan Stanley, which is deferring bonuses for its high earners – but still making 40% of the deferred amount available before the […]
Morgan Stanley bankers will get 40% of their deferred bonuses this year
With Morgan Stanley, Goldman Sachs and JPMorgan all expected to announce bonus numbers this week, news is gradually emerging about the shape of this year’s payouts. This afternoon, Reuters reported that Morgan Stanley will be deferring 100% of all bonuses for employees earning more than $350k. Bonus caps are nothing new. Last year, Morgan Stanley […]
Eight facts about pay at Goldman Sachs in London
Under European Union rules. Goldman Sachs has issued a lengthy declaration about how it pays staff at Goldman Sachs Group Holdings (UK)- its London-based business. You can see the document, which refers to 2011 but has only just been released, in its entirety here. Alternatively, here’s our brief summary of the salient points. 1. You […]
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