Banks are gambling on big pay ahead of a deals rebound ...Middle East

canadian news today - News
Banks are gambling on big pay ahead of a deals rebound
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you have managed to keep your job as an investment banker, you are probably being overpaid. Even as mergers and IPOs slowly pick up, pay ratios at investment banks remain elevated. Bonuses are supposed to fluctuate with market conditions. Instead, they are sticky: firms do not want to lose good talent and often also need to pay guaranteed dollars to bring in new blood before the upturn.  Goldman Sachs, for example, targets an “efficiency ratio” of 60 per cent — referring to all operating costs to revenue — of which pay is the biggest element. In 2023, its effic

Hence then, the article about banks are gambling on big pay ahead of a deals rebound was published today ( ) and is available on canadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Banks are gambling on big pay ahead of a deals rebound )

Apple Storegoogle play

Last updated :

Also on site :



Latest News