Bonuses disappoint
FX Week
learned of one situation where a strong-performing Merrill Lynch third-year associate trader attracted interest from a rival bank. The trader received compensation of $200,000, including basic, from Merrill. In the current climate such a package is considered robust enough to ensure the trader stays.Banks have lifted first-, second- and third-year associate bonus levels by up to 40-50%.
Vice-president bonuses flat
In contrast, vice-presidents and directors generally saw bonuses move within
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