According to the Financial Times: Has investment banking pay finally reached its tipping point? In recent weeks, the leading US and European banks have deployed a raft of tactics to bring pay costs down as they grapple with plunging revenues and tougher regulation.
From reducing bonus pools, to capping the amount of cash paid out and clawing back past incentive awards, investment banks are taking what many analysts say is a long overdue look at how the sector’s high pay levels are impeding profit growth…..
Find out more at http://www.ft.com/intl/cms/s/0/3411936a-5e44-11e1-85f6-00144feabdc0.html#axzz1nLN3OdL4
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