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."
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.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...
