Disappointing Bonuses For FX Staff Despite Year Of High Yield
BANKS
LONDON--The international round of annual bonus payouts is drawing to a close, and has been disappointing for many foreign exchange staff. Industry sources say that FX payouts have been very low, despite a year of strong desk profits.
Poor overall bank revenues, linked to the financial crises in Russia and the Far East, contributed to the drop last year at many institutions; although this was not the case across the board.
Consolidation and "supply and demand" in the job market has also meant many
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