Bankers in London, the hub for securities firms in Europe,
are bracing for lower bonuses compared with New York counterparts as earnings
from the region plummet and pressure to tighten compensation rises. Bloomberg's
Ben Priechenfried reports.
“The real split is coming, and we will see the quantum
divide this year,” said Tom Gosling, a partner at PricewaterhouseCoopers LLP in
London, referring to the difference in pay between the two financial centers.
“U.S. regulators don’t have the same obsession with pay structures that
European regulators have…...”
More? Check out http://www.bloomberg.com/news/2012-11-27/london-bankers-bracing-for-leaner-bonuses-than-new-york.html
No comments:
Post a Comment