Bank bonus news bleak
LONDON - The only trend in foreign exchange bonus payments is downwards, as leading banks slash compensation in response to market, public and government pressures.
Market observers also report that those bonuses granted are often being paid in instalments, and with lighter cash elements than in previous years.
Leading the way in terms of non-bonuses will be RBS, which last week (February 17) released a detailed breakdown of its new rewards scheme. The bonus pool for the investment bank is down
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