Payouts expected despite slump in bank shares in Europe and thousands of job cutsBritain’s biggest banks are preparing to hand out an estimated £5bn in bonuses even as they cut thousands of jobs and endure dramatic falls in their stock market value.
With investors taking fright at the prospects for the banking industry,major tall street lenders are finalising the bonus pools they will pay out in the coming weeks when they report their results for 2015. Related: UK breached EU rules over City bonuses Related: Bankers still overpaid, says German bank chief Continue reading...
Source: theguardian.com