2009 bonuses are charactarized by three main things:
1. Some firms haven't got much money to pay them
2. Some firms have got the money, but not the political will to shell out
3. And every firm will be paying out a large proportion of any bonus pot it has got to retain the services of those who were responsible for bringing in their revenues.
Anyway, we thought it would be interesting to split the market up into three groups - 2009 top bonus payers, median bonus payers, and then the rest.
Please note that the following groupings are based on public information, gossip and intuition.
Big Bonus Payers
Credit Suisse (except if you are an MD in London)
Goldman Sachs (except if you are an MD Partner in London)
Jefferies & Co
Nomura (thanks to those Lehman 2-year guarantees)
RBC Capital Markets
Median Bonus Payers
Bank of America Merrill Lynch
Mitsubishi UFJ Securities
Wells Fargo / Wachovia
Bank of New York Mellon
Royal Bank of Scotland
Standard Chartered Bank