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Banking Bonuses Worldwide Up 29% As City Of London Fares Even Better

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http://www.theguardian.com/business/2014/mar/11/banking-bonuses-rise-city-of-london

The average bankers' bonus globally was 29% higher than a year ago, with those in the City of London higher than in other parts of the world, according to a survey by a leading careers website.

More than 2,660 financiers in the UK, US, Hong Kong, Singapore and Australia were asked about their bonuses by eFinancialCareers, and the 700 who responded from the UK were found to have higher payouts.

In the UK nearly half (49%) of respondents reported higher bonuses, compared with 47% in the US and Hong Kong. Yet 41% said they were disappointed with the size of their bonuses.

Result.

An after effect of the tax change?

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At least there's some elections due on 22 May 2014 and also on 7 May 2015.

Who do you suggest we vote for? The Banker's party, the Banker's party, or the Banker's party? I was thinking of voting for the Banker's party, but they won't get any seats so it would be a wasted vote.

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Who do you suggest we vote for? The Banker's party, the Banker's party, or the Banker's party? I was thinking of voting for the Banker's party, but they won't get any seats so it would be a wasted vote.

Not the LibLabCon bankers' party.

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So the other one then?

There are quite a few that aren't the LibLabCon party aka the renegers.

Maybe you're thinking of UKIP. That's the independence party and that's in its name so it's extremely unlikely to renege on that and an eu referendum would be as good as certain.

It's also third in the poll ratings having helped to relegate the Lib part of the LibLabCon to fourth.

Edited by billybong

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There are quite a few that aren't the LibLabCon party aka the renegers.

Maybe you're thinking of UKIP. That's the independence party and that's in its name so it's extremely unlikely to renege on that and an eu referendum would be as good as certain.

It's also third in the poll ratings having helped to relegate the Lib part of the LibLabCon to fourth.

Ah, the independent banker's party...

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I dont understand why people get so annoyed because some companies choose to pay their workers a good salary. Maybe instead of being angry with banks for choosing to reward their employees well, you should instead focus on companies which pay a pittance to their workers.

Pretty much everyone in investment banks is paid well, its not just some conspiracy to reward those at the top. Fresh graduates get around £60k/year in front office roles, even secretaries generally get around £35-45k.

Jealousy is not an attractive characteristic.

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I dont understand why people get so annoyed because some companies choose to pay their workers a good salary. Maybe instead of being angry with banks for choosing to reward their employees well, you should instead focus on companies which pay a pittance to their workers.

We are not annoyed...we are f**king furious.

We are angry at bankrupt companies, bailed out with tax payers money and through increased inflation and printed money, being rewarded for their failures and corruption. Worse than that these same organisations are being used to prop up the price of one of life's necessities, a basic shelter, at unaffordable levels via government backed schemes which allow them to continue to trade. The government rather than supporting the people have supported their paymasters and continue to support them and allow them to operate as if nothing happened in 2007/2008.

Take about a slap in the face for 99% of the people in the UK. We've been robbed by the banker robbers.

If you can't see that then you are perhaps on the wrong website.

I'd suggest you try:

www.IamAtotalBanker.com

or better still:

www.f**koffyoulittlepr*ck.com

I am personally so incensed I am trying to leave the UK for good and take my money/future/skills with me.

It seems hard working people who contribute to society are not valued by the UK government.

Edited by TheCountOfNowhere

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We are angry at bankrupt companies, bailed out with tax payers money and through increased inflation and printed money, being rewarded for their failures and corruption. Worse than that these same organisations are being used to prop up the price of one of life's necessities, a basic shelter, at unaffordable levels via government backed schemes which allow them to continue to trade. The government rather than supporting the people have supported their paymasters and continue to support them and allow them to operate as if nothing happened in 2007/2008.

Take about a slap in the face for 99% of the peolpe in the UK.

If you can't see that then you are perhaps on the wrong website.

I'd suggest you try:

www.IamAtotalBanker.com

1) Almost all the loans given to banks were fully repaid several years ago, the idea that there was some large scale cash transfer to banks is nonsense. There were loans, they have been repaid.

2) Investment banks do not print money. Also the government printing money does not cause inflation in the sense you think (people who don't really understand macroeconomics and monetary policy kept claiming that quantitative easing would result in high inflation - they have been conclusively demonstrated wrong).

3) For better or worse, the London financial sector is by far the largest contributor to the UK economy, and has been subsidising the rest of the UK for the last 2 decades. The idea they are a parasite is absurdly misinformed. Without the financial sector, the UK would probably have a worse economy than Greece/Spain/France/etc.

4) Bankers contribute far more tax revenue than the average person. The idea that some guy on a £20-30k salary is in anyway subsidising a London banker is beyond ridiculous. If someone's salary is under £30k or so then they are likely to be a net drain on society, once you add up the cost of all the government services they will consume (benefits, NHS healthcare, state schools for their children, etc). These services are generally paid for by high earners, of whom London bankers constitute a large number.

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I dont understand why people get so annoyed because some companies choose to pay their workers a good salary. Maybe instead of being angry with banks for choosing to reward their employees well, you should instead focus on companies which pay a pittance to their workers.

Pretty much everyone in investment banks is paid well, its not just some conspiracy to reward those at the top. Fresh graduates get around £60k/year in front office roles, even secretaries generally get around £35-45k.

Jealousy is not an attractive characteristic.

If you're making claims on an internet forum that go against perceived wisdom, you'd better back them up with proper sources (links to reputable sources) or you'll quickly get labelled TROLL.

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1) Almost all the loans given to banks were fully repaid several years ago, the idea that there was some large scale cash transfer to banks is nonsense. There were loans, they have been repaid.

2) Investment banks do not print money. Also the government printing money does not cause inflation in the sense you think (people who don't really understand macroeconomics and monetary policy kept claiming that quantitative easing would result in high inflation - they have been conclusively demonstrated wrong).

3) For better or worse, the London financial sector is by far the largest contributor to the UK economy, and has been subsidising the rest of the UK for the last 2 decades. The idea they are a parasite is absurdly misinformed. Without the financial sector, the UK would probably have a worse economy than Greece/Spain/France/etc.

4) Bankers contribute far more tax revenue than the average person. The idea that some guy on a £20-30k salary is in anyway subsidising a London banker is beyond ridiculous. If someone's salary is under £30k or so then they are likely to be a net drain on society, once you add up the cost of all the government services they will consume (benefits, NHS healthcare, state schools for their children, etc). These services are generally paid for by high earners, of whom London bankers constitute a large number.

Comedy gold.

www.ImAweaselWhoLivesOffOtherPeoplesBack.com

Edited by TheCountOfNowhere

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Ah, forget what I just posted.

Seeing as this Smyth guy has just popped out of the woodwork, only makes a handful of posts over several years, then all of a sudden starts making inflammatory comments on 2 different threads (see here http://www.housepricecrash.co.uk/forum/index.php?showtopic=197265 for example), I think that there is no need for hesitation as to whether he/she warrants a big fat TROLL label.

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If you're making claims on an internet forum that go against perceived wisdom, you'd better back them up with proper sources (links to reputable sources) or you'll quickly get labelled TROLL. a utter and total self serving selfish C**T

Corrected for accuracy.

I ask myself...why would anyone:

a) Defend the bankers at all

B) Come on here and defend the bankers

c) Try and post such garbage without any actual proof or facts.

Answers via the web site:

www.IamAThiefInASuit.com

Edited by TheCountOfNowhere

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If you're making claims on an internet forum that go against perceived wisdom, you'd better back them up with proper sources (links to reputable sources) or you'll quickly get labelled TROLL.

What do you want backed up? The salary figures? They are pretty standard and hardly against conventional wisdom; the typical ibank starting package for a front office graduate is £40-45k base salary, + £5-10k sign on, + £10-30k yearly bonus. The bonus rises more quickly than the salary after the initial year, first year associates (i.e. someone who has been in the firm for 3 years) will be on around £80-120k all-in, with around £60k of that being base salary.

Secretary compensation is entirely base salary rather than bonus, so you can find figures on any job search website. See for example: http://www.secsinthecity.co.uk/jobs/uk/executive-assistant

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1) Almost all the loans given to banks were fully repaid several years ago, the idea that there was some large scale cash transfer to banks is nonsense. There were loans, they have been repaid.

2) Investment banks do not print money. Also the government printing money does not cause inflation in the sense you think (people who don't really understand macroeconomics and monetary policy kept claiming that quantitative easing would result in high inflation - they have been conclusively demonstrated wrong).

3) For better or worse, the London financial sector is by far the largest contributor to the UK economy, and has been subsidising the rest of the UK for the last 2 decades. The idea they are a parasite is absurdly misinformed. Without the financial sector, the UK would probably have a worse economy than Greece/Spain/France/etc.

4) Bankers contribute far more tax revenue than the average person. The idea that some guy on a £20-30k salary is in anyway subsidising a London banker is beyond ridiculous. If someone's salary is under £30k or so then they are likely to be a net drain on society, once you add up the cost of all the government services they will consume (benefits, NHS healthcare, state schools for their children, etc). These services are generally paid for by high earners, of whom London bankers constitute a large number.

Maybe the gov can throw a billion quid of tax payers money at me for spinning a roulette wheel with no care as to whether I fail or not. I'd happily pay 50% tax on that - making me a 'contributer'.

By the way - the ammount of money a person earns does not alone define what their contribution to society is.

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So the other one then?

the other four that are also banker parties, rentier parties, protect the countryside at all costs parties.

I'm seriously thinking of voting TUSC (Trade Union and Socialists) but I'd need some convincing they were not a banker party.

Edited by aSecureTenant

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Maybe the gov can throw a billion quid of tax payers money at me for spinning a roulette wheel with no care as to whether I fail or not. I'd happily pay 50% tax on that - making me a 'contributer'.

By the way - the ammount of money a person earns does not alone define what their contribution to society is.

How many billions of taxation which the government has taken from London-based banks and bankers is spent every year funding people living off benefits, and public services outside London?

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What do you want backed up? The salary figures? They are pretty standard and hardly against conventional wisdom; the typical ibank starting package for a front office graduate is £40-45k base salary, + £5-10k sign on, + £10-30k yearly bonus. The bonus rises more quickly than the salary after the initial year, first year associates (i.e. someone who has been in the firm for 3 years) will be on around £80-120k all-in, with around £60k of that being base salary.

Secretary compensation is entirely base salary rather than bonus, so you can find figures on any job search website. See for example: http://www.secsinthe...utive-assistant

More to be scorned than pitied.

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More to be scorned than pitied.

He's right though, and yet most will still be flat sharing, due to Central London locations

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How many billions of taxation which the government has taken from London-based banks and bankers is spent every year funding people living off benefits, and public services outside London?

They have created nothing, they have built nothing, they contribute nothing other than a share of the money they skim off others.

The banking system is not contributing.....it is taking.

www.GoF**kYourself.com

If this bloke is typical of the "talent" working in the banks in London, it's no wonder the country is in a mess.

The sooner the london based pyramid scam collapses and shuts people like him up the better.

I am angry about the bankers but I pity this little idiot.

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How many billions of taxation which the government has taken from London-based banks and bankers is spent every year funding people living off benefits, and public services outside London?

Seeing as the bankers are sponging off my savings and ZIRP and artificial asset price debt I'd say in a round-about-way it is none!

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Imagine we had a small world with:

1 banker

1 solicitor

1 farmer

1 shop keeper

1 mechanic

1 builder

1 lorry driver

1 teacher

If you remove the banker and the solicitor for that society the other 6 can still function.

If you remove the other 6 and keep the banker and solicitor...the bankers and the solicitors have nothing, they cannot survive, they live off society and only have nothing to contribute. As such their incomes should be way below that of the rest of society.

Q.E.D.

Edited by TheCountOfNowhere

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