Reuters: These bonus-happy bankers are celebrating - on the quiet

Champagne

Don't tell anyone!

Bankers are celebrating the biggest year on record for mergers and acquisitions with magnums of champagne and slap-up dinners: just don't expect to read about it on Facebook.

Reuters reports that conscious of the poor optics of partying while their trader colleagues are facing either the axe or a drop in bonus and fearful of a public backlash if they revive the opulent end-of-year festivities of the pre-crisis era, senior M&A bankers are either hosting parties at home or holding discreet team soirees at up-market restaurants and clubs.

Such is the level of paranoia about photographs of bankers appearing in high spirits on social media that in Hong Kong some are surrendering their mobile phones at the entrance to the club.

To access the complete Reuters article hit the link below:

M&A bankers toast a bumper year discreetly

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