Friday , April 19 2024

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Banker bonuses go from boom to bust in jarring reversal

Banker bonuses go from boom to bust in jarring reversal

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as deal making sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in the first quarter, and thousands …

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Average Tet bonuses in Saigon to rise 45% from 2021

HCMC companies are set to pay average Tet bonuses this year of VND13 million (US$550.73), 45% higher than last year, the labor department said. After a survey of over 1,000 businesses and 220,000 workers the Department of Labor, Invalids and Social Affairs said Thursday that last year the bonus had …

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