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
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