Tag: LTRO

This man is in control of your bonus

If you work for a European bank, your bonus is now beholden to the LTRO

So far, the European Central Bank’s Long Term Refinancing Operation (LTRO) has turned out to be a great thing for anyone with a deferred stock bonus. Longer term, it may turn out to be a double-edged sword. Since the first LTRO was announced on December 8th, European banking stocks have soared. As the graph below, from Morgan […]

By Sarah Butcher, 24 February 2012 • 0 comments
Shaft of light through the clouds of doom

Late Lunchtime Links: Here’s who’s hiring equity researchers, here’s who’s hiring securitisation professionals, and here’s how banks can pay bonuses for the next 24 years

We can impart some good news for equity researchers. Even as RBS makes the first 300 redundancies in equities and ECM, somewhere has come forward and says it wants to hire. That somewhere is Berenberg, which according to Financial News, suddenly wants to recruit 30 new equity researchers in the City (taking its total from […]

By Sarah Butcher, 13 February 2012 • 0 comments