These European firms have reduced investment banking bonus pots by a third since 2009

Honey I Shrunk The Banks

The onus may no longer be on your bonus!

Four of Europe's major investment banks have reduced their bonus awards by a third since 2009, but deferred bonus payouts, which came in after the financial crisis, are on the wane, Barclays research analysts said in a note on Thursday.

Reuters reports that bonus awards at Credit Suisse, UBS, Deutsche Bank and Barclays fell to $12.5bn in 2015 from $18.2bn in 2009, or to 37% of base salaries from 72%, according to the research.

Big banker bonuses were blamed for encouraging risk-taking and contributing to the 2008-2009 financial crisis. Under a European Union cap, bonuses cannot now exceed 100% of bankers' fixed salary, or twice that amount with shareholder approval.

But banks have topped up basic pay by awarding allowances to senior staff and also increased fixed salaries in some cases.

To access the complete Reuters article hit the link below:

European investment banks pay less in bonuses - Barclays' research

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