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BIGGEST CITY BONUSES EVER; Bumper profits at banks fuel record [pounds sterling]21billion bonanza.
- Article from:
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The Evening Standard (London, England)
- Article date:
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August 21, 2006
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Copyright informationCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: TRACEY BOLES
CITY staff are to share in a record [pounds sterling]21billion of bonuses.
Some of the biggest deal-makers at investments banks will join the elite "[pounds sterling]10million club".
Those in charge of corporate finance could see payouts of around [pounds sterling]2 million.
Even mid-ranking bankers are on course to receive bonuses of between [pounds sterling]450,000 and [pounds sterling]1.5million, research carried out for the Evening Standard reveals.
A typical banker working on mergers and acquisitions can expect to receive an average of four to five times their annual salary of [pounds sterling]120,000 for this year, with some ...
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