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UK banks should brace for post-bonus talent war

Average bonuses are up but almost half of financial markets employees are thinking about moving after the money hits accounts, a new survey finds

Bonuses in the UK are slightly higher than last year but increased awards have done nothing to dampen staff plans to seek new jobs as soon as bonuses hit accounts, fuelling one of the biggest fears among top banks, according to a survey of financial markets employees.

A survey of UK bankers has found that more than 40% are planning to move to a different firm in 2011.

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