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Investment Banking

Which banks are boosting bonuses?

FN runs down this year's bonus numbers

Some top UK bankers have scored wins in a gloomy market
Some top UK bankers have scored wins in a gloomy market Photo: Mike Kemp/Getty Images

Dealmakers have endured another brutal bonus season, as a slump in transactions prompted some Wall Street banks to cut payouts by 20% and skew big bonuses towards top performers.

But not everyone has come out of 2023 worse off. A select group of senior bankers working at UK institutions including Barclays, HSBC and NatWest have all either been handed more money or payouts on a par with a year earlier.

Financial News has tracked how this year's bonus season has panned out.

Standard Chartered keeps bonus pool for staff at $1.6bn

HSBC hikes bonuses to $771,700 for its top investment bankers

Barclays keeps bonuses for top investment bankers despite dealmaker goose eggs

NatWest Markets cuts trader bonuses by 8% despite revenue jump

Citigroup cuts investment banker bonuses by up to 20% amid overhaul

Morgan Stanley cuts dealmaker bonuses by up to 15% after tough year for M&A

To contact the author of this story with feedback or news, email Paul Clarke

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