European credit traders to see biggest bonus increase; US bankers to see biggest fall
The biggest bonus increase may come in Europe.
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The biggest bonus increase may come in Europe.
"Pay statements will be down moderately for most, in another disappointing year," Alan Johnson, managing director of Johnson Associates, said in an interview. Inflation will also make the declines seem even more dramatic, he said, as costs continue to rise.
Wall Street bonuses are set to fall this year by as much as 25 per cent, as investment bankers and money managers feel the pinch from rising interest rates...
Bonus season on Wall Street is looking grim for bankers, but wealth management professionals could fare better.
House prices will not rebound after the slump because interest rates will still be higher than they have been for the last decade, economists have warned.