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London Bankers Expect 44% Bonus Increase, Survey Finds

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http://www.bloomberg.com/news/2013-12-16/london-bankers-expect-44-bonus-increase-survey-finds.html

Managing directors at banks in London are expecting a 44 percent rise in bonuses for 2013 even as European authorities seek to scale back compensation, according to a recruiter’s survey.

The average bonus for managing directors may increase to 166,955 pounds ($271,686) from 115,618 pounds a year earlier, Astbury Marsden said in an e-mailed statement. That’s more than double their average salary, up from 88 percent in 2012, the recruitment firm said.

Despite pressure to keep a lid on bonuses, as the economy recovers and bank profits start to return, it’s not unreasonable that bonus expectations also rise,” Mark Cameron, chief operating officer at Astbury Marsden in London, said in the statement. “Although prospects have improved, some may find themselves disappointed this year.”

Bonus tax cut, economy recoverying, clearly 44% is showing restraint for all the effort it takes to skim off the top of other peoples work.

The banks profits are being helped by excessive intervention from the worlds central banks. Remove that and lets see how the talent really copes with reality.

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Managing Director=man at the top.

sounds like they dont set their own salaries?

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They can have 44% more rope to hang themselves with if they want.

I am more than happy to see this and for it to be publicised, it only adds to peoples anger.

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Huge bank bonuses, and The Mirror trumpeting another (Lords)expenses scandal.

Has anything changed in the last five years?

Has anything ever changed?.....all in it for themselves, brilliant role models not....there are only a few left that can be trusted, the ones closest to the money are very easily tempted, it doesn't take much :lol: to dip into the pot we all are now having to pay for.....the few that spoil it for the rest, the few that give the rest a bad name, guilty until proven innocent. ;)

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