Workers Pay
- Finance
Goldman Sachs adds 350 bankers in Europe as Brexit plans rolled out
Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to…
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Goldman Sachs slashes London banker pay by 66% during the first quarter
Goldman Sachs reduced the amount it spends on pay for London-based staff by 66% during the first quarter as dealmaking fees…
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FCA staff committee co-chair steps down over pay changes
A co-chair of the staff body that represents employees at the City regulator has resigned after the Financial Conduct Authority did…
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KPMG UK hikes staff pay — salaries boosted between £2,000 and £4,000
KPMG UK has given all of its staff overnight pay rises of between £2,000 and £4,000. The firm’s chief executive…
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Numis plans more banker hires equity fundraising slumps by 61%
City investment bank Numis is set to hire more investment bankers as it expands away from its traditional role on…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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Citigroup’s global gender pay gap stalls at 26%
Citigroup is one of the only major investment banks to offer a frank insight into the gender pay gap across…
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Europe’s banks edge closer to Wall Street rivals as bonus hikes shake up pay rankings
Wall Street banks have long trumped their European rivals on bonuses, but a fierce battle for junior and mid-ranking staff…
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Goldman Sachs keeps intern pay at $85,000 as Wall Street rivals raise salaries
Goldman Sachs has decided not to up pay for its interns, despite hiking salaries for other lower-level roles as an…
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Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
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Tech Wage Inflation Puts Pressure on Companies
Wage inflation in the technology sector is accelerating, pressuring companies to boost compensation for key roles by 20% or more…
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City workers moving jobs see 22% salary bump as competition for talent intensifies
City workers changing jobs in the first quarter of the year have received a typical salary bump of 22% amid…
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Rothschild hikes analyst pay a second time to £65,000 as junior talent battle rages on
Independent investment bank Rothschild has raised analyst salaries for the second time, as smaller players look to match their bulge…
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UBS hikes pay for Wall Street analysts to $110,000
UBS has hiked salaries for its junior bankers for the second time in a year, bringing it in line with…
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JPMorgan, Bank of America advance pay to Russia staff as more firms pull out
Wall Street banks are handing employees in Russia salary advances, part of efforts to reassure anxious staff as more firms…
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Big pay raises and chance to work from home drive record job-hopping
A record number of Americans are switching from one job to another and in many cases getting big pay raises…
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Goldman Sachs bolsters pay for London dealmakers by 34% in 2021
Goldman Sachs has paid its City employees an average of 34% more so far this year, as Wall Street investment…
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‘Meaty’ bonuses are on the way for junior lawyers at US firms in London
Junior lawyers in the London offices of US firms are gearing up for an end of year bonus season that…
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Wall Street set to shower bankers with highest pay and bonuses since 2008 crisis
Top Wall Street banks are on course to pay their dealmakers more than at any point in at least a…
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Judge orders Lanistar to cough up unpaid salaries to former staff
An employment tribunal has awarded thousands of pounds in payments to former staff at Lanistar who were not paid salaries…
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Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis
Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of…
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FCA set to lift salary freeze as staff push back over pay cuts
The UK’s Financial Conduct Authority is planning to end restrictions on pay rises for its roughly 4,200 employees next year,…
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Goldman Sachs hikes analyst bonuses after juniors complain of brutal hours
Goldman Sachs bolstered bonuses for its analysts, following a salary hike in August, making this year a bumper one for junior…
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Citigroup offers Emea juniors a two-week ‘disconnected’ holiday
Citigroup is offering junior bankers two weeks of ‘fully disconnected’ holiday, the latest perk for analyst and associates amid pay…
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Credit Suisse pulls trigger on six-figure salary hike for juniors
Credit Suisse has increased salaries for first-year analysts to $100,000, making it the last major investment bank to offer six-figure…
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Trading Places: Credit Suisse loses another dealmaker, boutiques go big on pay
Another week, another round of pay rises for junior bankers. But this time, there’s a twist; its the boutiques leading…
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Societe Generale joins Wall Street pay battle with salary bump
Societe Generale has increased salaries for its junior bankers on Wall Street, as the battle for younger talent heats up…
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Houlihan Lokey raises junior salaries to $105,000 amid sector burnout crisis
Independent investment bank, Houlihan Lokey, has increased entry-level salaries for its investment bankers to $105,000, surpassing many of its larger…
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Lanistar UK staff plea to be paid: ‘People are genuinely suffering’
Current and former UK staff of Instagram-hyped fintech Lanistar say they are owed thousands of pounds in late or missed…
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Credit Suisse offers pay hikes to stem exits amid Archegos fallout
Credit Suisse is hiking salaries and increasing bonuses for senior dealmakers in a bid to retain talent and stem departures…
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