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Lunchtime Links: Credit Suisse now paying quite a lot more than UBS
11 February 2009
If you’re someone with a bent for working in Swiss banking and you want to earn marginally more than your rivals, it’s a little more clear which big Swiss institution you should go for. According to Reuters, CS investment banking bonuses are down there merest 60%, while the FT’s Lex column says UBS payouts are down 95%. As ever, we have run the average compensation calculations hated loved by so many readers and established that the average Credit Suisse banker, now on CHF364k (£219k), is earning 28% more than his or her average colleagues at UBS. UBS is, however, promising to pay its bankers a bit more next year and managing directors at CS are getting absolutely no unrestricted cash. It’s a difficult call to make.
Another 2,200 redundancies coming at Credit Suisse. (Financial News)
UBS equity research associate bonuses allegedly $0-10k. (Dealbreaker)
6,500 jobs going at RBS, UBS, Morgan Stanley. (Telegraph)
Government ‘official’ thinks RBS £25k bonus cap is ‘on the high side.’ (Financial Times)
It is understood that measures to clamp down on bonus payouts could come as early as this week. (Times)
From six figures to zero. (CNN)
Hang all the bankers, and other news. (Alphaville)
Some bankers still want to work on Wall Street. (Wall St Journal)
Strip clubs and late night drinking at Standard Chartered. (The Times)
Sarah, you should rename these links into "Afternoon tea" links, given they are now getting published later and later....
Please, i need those lunchtime links together with my sandwich at 12h30
EC2 11 Feb 2009
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