Many London Traders Will Sing Bonus Blues Recruiters Say, Some See 50 Percent Drop
BANKS
"It’s been a pretty bloody awful year in London," comments a prominent financial headhunter. And that about sums up the news from the bonus front in this gray and cold city in the gloomy runup to Christmas. An informal poll of headhunters shows that traders are expecting the worst.
Although the headhunters say the situation varies greatly from bank to bank, a rough estimate of the average fall in bonuses is 50 percent--especially for younger traders. "One trader told me he didn’t expect to get
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Corporates
Shell picks Bloomberg for Treasury system
Solution available for any corporates around the world, Bloomberg says
Corporates pay little heed to last look or FX Global Code
A bank signing a statement of commitment to the 55 principles is not a deciding factor for corporates
UK corporates lose out as sterling slides, study says
Importing firms see average profit loss of 12% following Brexit vote, finds Western Union
Australian corporates pessimistic on Aussie
A survey by East & Partners shows Australian corporates preparing for their country's currency to weaken
HSBC: global acceptance of redback is rising
Figures come from the bank's 2016 renminbi internationalisation survey, conducted with 1,600 corporates across 14 countries
China’s FX reform hit treasurers the most – JP Morgan survey
Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum
Corporates expect long-term negative impact of Brexit
45% of corporates domiciled in continental Europe believe Brexit will have a negative impact; with almost 30% of their UK counterparts sharing the sentiment, says a survey by Greenwich Associates
Corporate FX deals up 102% since UK referendum
UK exporters benefit from the weaker pound, according to in-house data from Moneycorp
