Bonuses set to disappoint as headwinds persist
Those who still get bonuses can expect non-cash payments with clawbacks
As foreign exchange markets approach the bonus season, many market participants are set to be disappointed with their rewards, even measured against low expectations, as traders, sales staff and banks struggle to generate returns amid significant headwinds.
Sources tell FX Week that while the overall bonus pool for fixed income, commodities and currencies has gone up by as much as 20%, compared with 2016, at some banks, dealers are trying to use bonuses to retain the top 15% of their staff at
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