Bonus cap: Bankers and nurses both work hard, but you shouldn’t compare their pay Opinion As UK banks start scrapping the bonus cap, Emma Revell argues why this is a good thing – and what the NHS could learn from it People hate bankers almost as much as they love the NHS. So unsurprisingly, the return of big bonuses to City pay packets is not without controversy. In what may [...]
Morgan Stanley to join Wall Street rivals in scrapping bonus cap for UK staff Banking Morgan Stanley is planning to follow its Wall Street rivals in scrapping an EU-imposed cap on bonuses for its top UK bankers.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff Banking Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
Mark Kleinman: Why the City’s bonus cap move may not deliver Brexit bonus May 9, 2024 Mark Kleinman writes a weekly column for City A.M. - this week on Goldman bonuses, Foxtons' next move and broker job cuts
Metro Bank cancels bonuses for all executives after turbulent year and rescue April 17, 2024 Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.
No bonuses for top bosses at Travis Perkins after profits slump by £175m March 12, 2024 Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Marshall Wace partners share £538m payday as turnover at £50bn fund slumps December 11, 2023 According to accounts filed at Companies House, the UK partners of Marshall Wace, the $63bn (£50bn) hedge fund, shared profits of more than £538m last year.
Fund manager Sir Chris Hohn sees pay slump by half but still pockets £276m December 7, 2023 Billionaire British hedge fund manager Sir Chris Hohn paid himself more than £1m a day this year, despite profit at his fund, TCI, falling.
Cap, scrapped: Banker bonus limit to go in bid to boost City competitiveness October 24, 2023 Regulators have confirmed plans to scrap the cap on bankers' bonuses with the new policy going live at the end of this month.
South West Water facing Ofwat probe into leakage data accuracy May 23, 2023 The water watchdog is set to probe the accuracy of leakage data from one of England’s biggest providers. Ofwat will investigate South West Water (SWW) over the accuracy of its information on water consumption and leakages, in the wake of an apology from firms over sewage issues. Owned by the FTSE 100 listed Pennon Group, [...]