Meet the new bonus, same as the old bonus

By Ralph Sinclair
22 Nov 2013

The end of the big bonus is nigh. With the Capital Requirements Directive IV set to cap bonuses from next year, this could be a final hurrah for the era of hefty year-end lump sums, for those still lucky enough to earn them. But the cap could be about to achieve the opposite of what was intended.

It would take the most blinkered self-serving banker to maintain any sort of challenge that in the wake of the financial crisis that the way bonuses were handed out needed to change.

That a banker could earn a pot of gold for a trade done at the end of ...

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