Bonuses will disappoint but job prospects encouraging, recruiters say
Bonuses in the foreign exchange market will be disappointing this year, and hiring will mainly focus on replenishing teams rather than expanding them, as banks grapple with cost pressures and wait for regulatory guidance, recruiters say.
After a turbulent year in FX trading, bonuses could be up to 30% lower compared with 2013. Mounting legal and regulatory costs will take their toll on rewards, despite some banks losing major senior people, which should in theory increase the pool of funds
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