Citigroup to Increase Bonus for UK Bankers by Removing Limit on Bonuses, Joins Goldman Sachs, JP Morgan & Morgan Stanley to Increase Bonuses, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay, Morgan Stanley to Increase Bonus for UK Bankers Currently at 2x Limit on Fixed Pay under European Union Rules
16th August 2024 | Hong Kong
Citigroup is increasing the bonus for UK bankers by removing limit on bonuses, joining Goldman Sachs, JP Morgan & Morgan Stanley to increase bonuses for UK bankers. European Union (EU) had imposed a limit on variable pay capped at 2x of fixed pay for material-risk takers in 2014. In 2024 July, Morgan Stanley announced to increase bonus for UK bankers currently at 2x limit on fixed pay under the European Union rules. In late June 2024, JP Morgan announced to increase the variable bonus limit on UK staff from 2x of fixed pay to 10x of fixed pay after Brexit, with a JP Morgan banker with $1 million fixed pay can now earn $10 million in bonus instead of only $2 million in bonus under the European Union rules (no longer applies after Brexit). In 2024 May, Goldman Sachs had increased variable bonus limit on UK staff from 2x of fixed pay to 25x of fixed pay.
“ Citigroup to Increase Bonus for UK Bankers by Removing Limit on Bonuses, Joins Goldman Sachs, JP Morgan & Morgan Stanley to Increase Bonuses, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay, Morgan Stanley to Increase Bonus for UK Bankers Currently at 2x Limit on Fixed Pay under European Union Rules “
Morgan Stanley to Increase Bonus for UK Bankers Currently at 2x Limit on Fixed Pay under European Union Rules, Joins Goldman Sachs & JP Morgan to Increase Bonus, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay
4th July 2024 – Morgan Stanley has announced to increase bonus for UK bankers currently at 2x limit on fixed pay under the European Union rules. In late June 2024, JP Morgan announced to increase the variable bonus limit on UK staff from 2x of fixed pay to 10x of fixed pay after Brexit, with a JP Morgan banker with $1 million fixed pay can now earn $10 million in bonus instead of only $2 million in bonus under the European Union rules (no longer applies after Brexit). European Union (EU) had imposed a limit on variable pay capped at 2x of fixed pay for material-risk takers in 2014. In 2024 May, Goldman Sachs had increased variable bonus limit on UK staff from 2x of fixed pay to 25x of fixed pay.
JP Morgan to Increase Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 10x of Fixed Pay after Brexit, JP Morgan Banker with $1 Million Fixed Pay Can Now Earn $10 Million in Bonus Instead of Only $2 Million in Bonus under European Union Rules, European Union Imposed Limit on Variable Pay Capped at 2x of Fixed Pay for Material-Risk Takers in 2014, Goldman Sachs Increased Variable Bonus Limit on UK Staff from 2x of Fixed Pay to 25x of Fixed Pay
25th June 2024 – JP Morgan is increasing the variable bonus limit on UK staff from 2x of fixed pay to 10x of fixed pay after Brexit, with a JP Morgan banker with $1 million fixed pay can now earn $10 million in bonus instead of only $2 million in bonus under the European Union rules (no longer applies after Brexit). European Union (EU) had imposed a limit on variable pay capped at 2x of fixed pay for material-risk takers in 2014. In 2024 May, Goldman Sachs had increased variable bonus limit on UK staff from 2x of fixed pay to 25x of fixed pay.
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