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Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter.
As Bonus season It starts for those who work in the city, we want to know If your payment will be greater or lesser than last year.
Financial rewards, generally delivered between mid -January and mid -February, have the potential to be even more lucrative than in previous years after the banks of the United Kingdom and the United States raised the limits to the bonuses imposed by the EU. The measures were introduced in 2014 to help stop the culture of assumption of risks that preceded the financial crisis.
The elimination of the limit, which limited bank bonds twice as his base salary, he entered into force in October 2023; However, this is the first year that we hope to see the fully confirmed changes in the salary of people with the highest income.
Banks such as Barclays and JPMorgan have already loosened their bonus limit, giving those who assume important risks up to 10 times their fixed salary. Meanwhile, Goldman Sachs, the first to lift its bonus limit last May, increased its payments up to 25 times the base salary.
The legal profession is also expected to obtain higher bonuses, after a Senior lawyers record that change their jobs in London In 2024. Many American lawyer signatures, including Kirkland & Ellis and Paul, Weiss, Rifkind, Wharton & Garrison, have expanded their operations in the United Kingdom, which promoted fierce salary wars last year.
Then, tell us, if you work in the city, how do you expect the payment of your bonus with the prize last year? Will it be significantly larger? Or more or less the same?
Vote on our survey, comment under the line or complete Our anonymous bonus survey To share your views.