Workers Pay
- Finance
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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Ex-FCA staff fear talent drain amid bonus cuts
Former staffers at the Financial Conduct Authority said more people could leave the regulator as it undergoes a major project to transform its culture.…
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Banks and law firms worst on gender pay gap as ‘old boys’ hiring still rampant
When it comes to the City closing the gender pay gap, top law firms and banks have the steepest hills…
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FCA staff take steps to form union amid bonus cuts and ‘demoralised’ workforce
Unite launched a petition to be officially recognised as the union for Financial Conduct Authority staff, as employees at the…
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FCA to scrap bonus payments for all staff in major pay overhaul
The Financial Conduct Authority is planning to scrap bonuses for its roughly 4,200 workers as it fires the starting gun on…
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Linklaters hikes junior salaries to £107,500 to leapfrog Magic Circle rivals
Linklaters has hiked salaries for its newly qualified lawyers to £107,500, pulling away from its Magic Circle rivals in the pay…
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FCA kicks off consultation on staff terms and conditions
The Financial Conduct Authority has kicked off a consultation on terms and conditions for its staff amid internal opposition to…
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Clifford Chance’s Melissa Fogarty: ‘There are far too few female and minority partners’
Female and minority lawyers are still being held back from rising to the top of leading law firms, according to…
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Here’s Jamie Dimon’s explanation for not taking a cut to his $31m salary
JPMorgan CEO Jamie Dimon says that taking a pay cut would “offend” the board of the company. That’s JPMorgan CEO…
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PwC’s working class employees paid 12% less than peers
Big Four audit firm PwC UK has said that 14% of its staff come from working class backgrounds and tend…
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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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Leaked FCA memo shows bosses seek to quell staff outcry as morale slumps to ‘all-time low’
Bosses at the UK’s Financial Conduct Authority are set to hold weekly morale-boosting meetings with employees, after its latest staff…
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FCA employees fear bonus cuts could be worse than predicted
Concerns are mounting amongst Financial Conduct Authority staff that the vast majority of the regulator’s workforce will see their pay cut under…
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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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Judge shoots down law that kept Uber and Lyft drivers from being employees
A judge late Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors…
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Goldman Sachs extends junior pay rises to trading, asset management and wealth management
Goldman Sachs has bumped junior salaries for some employees in its sales, trading, research and asset management units, as pay…
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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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Revolut launches pay-as-you-earn tool for UK workers
Revolut has launched a tool that will allow UK workers to get paid a portion of their salary as they…
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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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Embattled fintech Lanistar fails to pay senior managers as staff line up legal action
Payments startup Lanistar is facing a series of employment tribunal cases over unpaid salaries from current and former staff, including…
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Perella Weinberg bumps salaries for London analysts to £80,000
Perella Weinberg Partners has bolstered salaries for junior bankers to up to £80,000, as boutique firms have exceeded pay rises…
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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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‘It’s a sausage factory’: Law firms fight to replenish junior ranks as deal boom burnout strikes
The City’s legal sector, like many other areas of the economy, cannot seem to hire good people fast enough, sending…
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Morgan Stanley hikes junior banker salaries to $100,000
Morgan Stanley has raised base salaries for entry-level bankers to $100,000, leaving Goldman Sachs as the last remaining Wall Street bank…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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Slaughter and May boosts first-year lawyer salaries to £100,000
Magic Circle law firm Slaughter and May has bumped salaries for its first year lawyers to £100,000. Salaries for newly…
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UBS hikes junior banker salaries as banks battle for talent
UBS has increased salaries for its juniors, weeks after a special bonus for its younger bankers and following a bumper…
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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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