Your English writing platform
Discover LudwigExact(10)
Total staff costs increased 20% to £11.9bn of which bonuses were £3.5bn, compared with £2.8bn.
Revenue, out of which bonuses are paid, rose 35% to $31.6bn, although that figure fell short of expectations after trading revenue was lower than predicted.
Diamond's basic salary of £1.35m – upon which bonuses are based – is also causing some interest among investors as it is 20% more than his predecessor received.
In Britain, views of the City are particularly negative with only 20% declaring themselves satisfied with bankers' behaviour and 78% unhappy after a year in which bonuses, derivatives and trading have become a subject of vitriolic popular discontent.
These people contend that Wall Street's pay structure, in which bonuses are based on short-term profits, encouraged employees to act like gamblers at a casino — and let them collect their winnings while the roulette wheel was still spinning.
Swiss bank UBS, the biggest continental European casualty of the credit crunch, has devised a novel "bonus-malus" system under which bonuses for the top executives are held back to discourage risk taking.
Similar(50)
What will matter most is which bonus pool a banker or trader is drawing from.
And big bonuses encourage big risk taking, leading to a paradox in which bonus incentives can cause a concentration of risk, thereby increasing the likelihood of bank collapse.
Bonus got a message from Mark Hale, the head of the D.A.'s Conviction Review Unit, asking him to come into the office — and to bring Martin's case file, which Bonus had obtained from Martin's former attorney.
It is also the first time that banks are being forced to comply with the European Union's cap on bankers' bonuses, which limits bonuses to one times salary, or twice if shareholders give their approval.
Providers have set up Accountable Care Organisations (ACOS), which get bonuses for delivering care more efficiently.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com