Vici Advisory News Today

UBS told Credit Suisse wealth bankers that it sought to reassure them and that it was willing to keep them on board

Bankers in London braced for hundreds of potential job losses and a hit to Britains already-dented financial sector after the historic rescue of Credit Suisse by Swiss rival UBS.

Annual bonuses are expected to be down as much as 50 percent this year, as investment banks deal with declining revenues. There has been a sharp drop in the banks businesses of lending.

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes

By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) - Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive

Financiers in New York and London may receive 30% to 50% lower bonuses this year, or none at all, due to the economic downturn and reduced deal-making activity

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes

Bonus caps are out, not that it will matter much.