Bankers - £6 Billion Pot This Christmas

mr_fishbulb

chucky wrote: »

which banks have anounced these bonus payments?

The bank of Mum and Dad

Alan_M_2

doire wrote: »

My point exactly

Not quite actually.

If I were employed by a bank that took no taxpayers money and had made personally say, £5 million pounds for them last year through great trading. I'd be pretty upset that I wasn't getting my contractual (and that's the important bit - it's contracted) bonus because some idiot in another bank hadn't had enough common sense to ask if it's customers could afford to pay back the money it had borrowed.

Grey area.....

chucky

purch wrote: »

Bank of MadeUpVille and National Bank of Hallucinations :eek:

the OP probably doesn;t even know which ones he's talking about and reading headlines again.

purch wrote: »

The Year hasn't even finished yet, so nobody knows how much money they have made yet.

Bonus payments were never settled until the following February at the earliest in any Bank I've ever worked for.

they get announced after Christmas usually - January and February.
Once they get paid into the bank account in March/April it used to be fun watching people in and our of the Department Head's office handing in their resignations.

inspector_monkfish

purch wrote: »

Bank of MadeUpVille and National Bank of Hallucinations :eek:

The Year hasn't even finished yet, so nobody knows how much money they have made yet.

Bonus payments were never settled until the following February at the earliest in any Bank I've ever worked for.

we made an absolute fortune on my desk
we won't see much of it though:cool:

we traditionally get 2 bonuses
1 in june and 1 in december
june is the big one, and usually about twice as big as december

chucky

inspector_monkfish wrote: »

we made an absolute fortune on my desk
we won't see much of it though:cool:

we traditionally get 2 bonuses
1 in june and 1 in december
june is the big one, and usually about twice as big as december

14 payments a year... :rolleyes:

sounds like you're working for an ex-Government owned german bank

inspector_monkfish

chucky wrote: »

14 payments a year... :rolleyes:

sounds like you're working for an ex-Government owned german bank

no mate
japanese

i have a mate who is a trader at 1 of those type of german banks you mention - he was used to big bonuses
he got a big fat zero at his usual bonus time back in march this year

purch

no mate
japanese

They are a strange lot.

Explains a lot

PS. I worked for Tokai Bank for a couple of years and hated every second, although the funniest thing I ever saw was one of the Japs having a 'power sleep' throughout the US Unemplyment numbers one Friday....absolute mayhem and he was fast asleep :rotfl:

inspector_monkfish

purch wrote: »

They are a strange lot.

Explains a lot

PS. I worked for Tokai Bank for a couple of years and hated every second, although the funniest thing I ever saw was one of the Japs having a 'power sleep' throughout the US Unemplyment numbers one Friday....absolute mayhem and he was fast asleep :rotfl:

You are not wrong there mate !!

Tokai, eh?

you may know some people i know

what years were you there?

purch

94-95.................(last century :eek:)

doire_2

http://www.guardian.co.uk/business/2009/oct/21/darling-attacks-goldman-bonuses

Alistair Darling has openly criticised Goldman Sachs over its plan to pay huge staff bonuses so soon after the financial crisis nearly crushed the banking sector.
Speaking at an event in London this lunchtime, the chancellor cited the Wall Street giant as an example of a bank that "manifestly" failed to appreciate how the City landscape had changed.
"What happened with Goldman Sachs last week sends the wrong signals," said Darling, who was attending an event at Canary Wharf. "I've spoken to all our banks and none of them would be standing here today if the taxpayer hadn't put their hand into their pocket."
Goldman Sachs itself does not appear to share Darling's concerns. Last night, Lord Griffiths, vice-chairman of Goldman Sachs International, claimed that huge salaries were a price worth paying.
"I believe that we should be thinking about the medium-term common good, not the short-term common good ... we should not, therefore, be ashamed of offering compensation in an internationally competitive market which ensures the bank businesses here and employs British people," said Griffiths.
The City is expected to pay out £6bn in bonuses this year, 50% more than a year ago. Last Thursday Goldman revealed that its bonus pot had swelled to $16.7bn (£10bn), after the company almost quadrupled its profits in the last quarter. Unless the firm's fortunes take a sudden reversal, its staff can look forward to an average bonus of $700,000 each.
Darling insisted that the government had already taken steps to prevent a return of the excesses that led to the crash, by banning cash bonuses at the partially nationalised Royal Bank of Scotland.
"It's very important that a clear message is sent that if you make a mess of things, you don't get rewarded for it," said Darling.
RBS, though, has still built up a £2bn pot to share between its 20,000 investment bankers.

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