U.S bankers bag bigger bonuses than UK peers

Stack Of Pound Coins

Bonuses for bankers may be back at their pre-crisis highs in the U.S. but, across the Atlantic, they’re still stuck where they were after the collapse of Lehman Brothers - and they’re shrinking, according to a study by law firm Linklaters.

Bloomberg News reports that discretionary awards in the U.K. for 2017 amounted to $19.6 billion, little changed from 2008, Linklaters said. They’ve fallen 9% over the past three years, when a European Union rule limiting bonuses to twice the level of fixed pay came into force, the law firm said.

By contrast, the bonus pool for U.S. banks stood at $31.4 billion for 2017, the largest since 2007 and up by 78 percent from the year the crisis reached its peak. That followed a vintage year for U.S. markets, which performed strongly after the election of Donald Trump as president at the end of 2016.

Hit the link below to access the complete Bloomberg News article:

U.K. Bankers' Bonus Pool Stagnates In Past Decade, Law Firm Says

Barclays to Hire About 150 in Europe as Part of Brexit Plans

 

 

 

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