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Survey: Banker Bonuses Plummet in 2016

Aarti Maharaj | December 9, 2015

Bankers and traders may see a dip in bonuses this year, according to a salary report. Emolument, a U.K.-based salary benchmarking website says that bankers who are responsible for mergers and acquisitions are likely to see their bonuses fall by 4 percent while currency and commodity traders could see a 9 percent slash in their bonus due to “heavy losses” across many trading desks this year.

A managing director under the commodity traders group is expected to receive a bonus of  £265,000, which is a sharp drop compared with £290,000 last year, the report highlighted.

Directors will see an 8.8 percent decrease in 2016. The salary report said on average, a director may receive £114,000—another significant decrease in bonus when compared to 2015 when they made up to £125,000.

Banker bonus has been a hotly debated topic for many years and in light of new regulations, many...

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