European Banking Authority says variable pay for some staff has risen to more than €1mn
HSBC’s sacking of bankers without a payout is part of a wider reset of incentives
Proxy adviser calls for shareholders to reject chief executive David Solomon and president John Waldron’s $80mn awards
Payouts for 250 senior staff reduced as lender strains to boost returns and improve compliance function
Quartet collectively received $126.5mn for their work in 2024 as overall employee remuneration rose more modestly
One individual was paid about €18mn in 2024
Lender reduces chief executive’s basic pay by 40% but higher reward possible after UK’s abolition of cap
Our annual survey of FT readers shows bonus payouts are on the rise, but so too are tax concerns and school fees
Discussions come as bank’s new boss pushes through cost-cutting drive
A removal of the cap means financial rewards in the City are likely to be more lucrative than they recently have been
Boss of UK bank would have base salary slashed and total remuneration capped at £14mn
The past dramas of ‘comp days’ have given way to more sanitised procedures
The FT’s annual bonus survey is now live
Gifts for the risk takers and rainmakers
Bank of England proposes relaxation of restrictions dating from financial crisis
More bonuses will go to those who move client assets into investments, and less to those who sell new loans
If you’re offered options as part of your pay package, what questions should you ask?
Prudential Regulation Authority chief says 8-year deferral period, introduced after financial crisis, could be cut to 5 years
Chief executive of country’s biggest lender says competition in mortgage market trumps regulators’ concerns
‘Material risk takers’ will be eligible for awards of up to 10 times their fixed pay
Emmanuel Macron’s centrists expected to slump to third place in snap parliamentary elections
Group is latest Wall Street lender to change pay policy after curbs dropped in post-Brexit push to boost City of London
Employees of Wall Street bank’s British operations will now be able to earn up to 10-times base salary
Wall Street bank had been among most aggressive in lobbying for removal of EU-era limit
BNP Paribas and Deutsche Bank reduce bonus pool but industry expects upswing in activity this year
