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Not bashing bankers’ bonuses but bankers’ bonuses bashed

Fancy a tongue twister?

Howsabout bankers big bonuses bashed by broadcasters but better being bashed by bank bosses.

Nah.  Doesn't quite work as well as six swans swimming, swim swans swim, six swans swam, well swum swans, but it almost works. 

What's all this about?

Well, Bloomberg released the latest news on bankers' bonuses this morning, and here's the league table:

Company            Compensation  Employees   Compensation per Employee

Bank of America      $26.3bn          284,169           $92,723
Citigroup                $18.64bn         258,000           $72,264
Credit Suisse         CHF11.23bn        50,500     CHF222,337
Deutsche Bank        EU9.59bn           82,504       EU116,285
Goldman Sachs        $13.72bn           35,400         $387,655
JPMorgan Chase      $21.55bn         236,810           $91,014
Morgan Stanley       $11.99bn           62,864          $190,682
UBS                      CHF13.14bn         64,583     CHF203,506

Note: 1CHF:1.02US$ and 1EU:1.41US$

You may be going "wow", but take note: "While average pay per employee has dropped 0.8 percent this year at the eight banks, it has fallen 11 percent at six that focus most on trading, such as Goldman Sachs and the investment bank unit of Credit Suisse Group AG."

 

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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