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Fixed income trader bonuses to rise 25% as dealmaker pay tumbles

Traders are the only staff within banks likely to cash in with bigger bonuses this year, as M&A and capital markets dealmakers are set for leaner times

By Paul Clarke
Banks including Barclays, Citigroup, Deutsche Bank and Goldman Sachs have cut employees this year in the face of more challenging market conditions
Banks including Barclays, Citigroup, Deutsche Bank and Goldman Sachs have cut employees this year in the face of more challenging market conditions Photo: Ben Stansall/Getty Images

Dealmaker layoffs are picking up pace and investment banks are cutting back on costs, but one group will be looking forward to this year's bonus round — fixed income traders.

Sales and trading staff in fixed income roles are predicted to see bonuses rise by up to 25% this year, according to analysis by specialist Wall Street compensation consultants Johnson Associates.

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