9 Firms That May Increase Base Salaries After The Bonus Cap, 9 Who Might Not

Money On Hook

As the EU bonus cap becomes a reality, we wonder which firms are likely to compensate bankers by increasing base salaries.

Here's a note of the 9 firms we feel are more likely to increase base salaries (most of whom will need to hike salaries because they will be keen to keep key employees)

Bank of America Merrill Lynch

Barclays

Citi

Deutsche Bank

Goldman Sachs

Jefferies

JPMorgan

Morgan Stanley

Nomura

And 9 that might find it politically difficult / be reluctant to increase base salaries (either due to anti-bank sentiment in their countries, or as they are scaling-back their exposure to investment banking in any case).

BNP Paribas

Barclays

Credit Suisse

HSBC

Macquarie

RBS

Societe Generale

Standard Chartered

UBS (recently increased investment banking salaries anyway)

Wells Fargo

image: © Tax Credits

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts