Lender said service disruptions over botched migration project were ‘unacceptable’
Weakness in the region makes hefty payouts increasingly difficult to justify
Pay for bank’s chief CS Venkatakrishnan also drops 13 per cent
Remuneration of $31mn comes after boss pared back bank’s lossmaking push into retail banking
Poll of nearly 3,000 shows mortgage and childcare costs are reducing investments
Shadow chancellor vows to ‘unashamedly champion’ the City
Retail bank is tightening metric that underpins as much as 40% of rewards
The FT’s annual bonus survey is now live
Souring relations with European Commission over such an unpopular issue would risk progress on bigger regulatory battles
Lower pay in the trading business was blamed for a number of high-profile departures last year
Supervisory board member Elizabeth McCaul says central bank could ‘do more to strengthen’ their hand
Lender says it could change way it pays staff after rule brought in following financial crisis is scrapped
Plus, the €1bn beauty deal that went ugly and buyout funds hunt for start-up bargains
Payouts for some roles set to fall by 25% as higher interest rates damp dealmaking and IPOs
More doughnuts than a Krispy Kreme
Banker salaries that were doubled to get round the measure could become baked-in
Plus, a CAB crash in London
Move aimed at boosting City will abolish EU rule that limits payouts to twice base salary
More than $400mn in deferred pay was wiped out after a state-orchestrated rescue by UBS
Bankers contact lawyers over bond-linked rewards that were wiped out by UBS rescue
Young workers on high salaries find financial advice hard to come by
Executive team will lose outstanding variable pay entirely following lender’s rescue by UBS
The average cheque for bankers for 2022 is a quarter less than the previous year
New York state comptroller blames higher rates and Ukraine war for biggest drop in payouts since financial crisis
Finance ministry halts awards as demoralised bankers say ‘we thought it couldn’t get any worse’
