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It’s Banker Bonus Season!

14/01/2015

It’s January. And that means banks will be paying employees their annual bonuses. However, this year there’s a bit of a difference…

It’s Banker Bonus Season!

Bonus season brings with it a certain amount of controversy. It’s pinpointed as one of the causes of the financial crash in 2008, and in light of this not all agree with the huge bonuses bankers award themselves each year. In some cases these bonuses can amount to more than double a base salary!

However January 2015 brings new EU regulations regarding banker bonuses into play. European bankers will now only be able to receive bonuses that are more than their salary. Bankers will now only be able to receive bonuses of twice the amount of their salary if shareholders agree.

By Jos Weale, Editor, AllAboutFinanceCareers.com