The Review

Trading during the coronavirus: pay as a % of PnL

It’s only March but bonuses are already likely to be a touchy subject in investment banks this year: chances are that they’ll be cancelled or reduced dramatically, particularly as various banks are giving employees the sorts of employment assurances that usually come at a cost.  Although health considerations will […]

No bonuses for 2020

If there were a year in which the phrase, ‘Your bonus is to still have a job,’ it’s likely to be this one. As Beatrice Weder di Mauro of the Centre for Policy Research told the Financial Times: “If anybody had told you […]