Solid 1997 In FX Led To Decent Bonuses Among Most US Banks
BANKS
NEW YORK--Strong FX results on the back of trending markets and volatility led to decent bonuses among most US banks for 1997, say analysts and market observers. However, not everyone got a fat envelope when bonuses were doled out, particularly those caught on the wrong side of the moves in South East Asia, say market sources.
In many cases, bonuses fulfilled or even exceeded expectations, says one New York-based recruiter. "Some of the good people got paid better than they expected because it
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