4 Sep

Investment banking salaries up 20 per cent

first_img Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Tags: NULL whatsapp Friday 3 December 2010 9:05 am THE average basic salary for investment banking staff in the City has risen by 20 per cent over the last year, a survey by financial services recruitment company Astbury Marsden said on Friday.As political pressure mounts on City firms to curb their end-of-year bonus packages, many companies have sought to offset this by increasing their basic remuneration.Astbury Marsden said average base salaries for back, middle and front office level staff across all investment banks had increased to £97,500 from £81,250 last year.Despite public anger at large pay deals for City staff in the wake of the credit crisis, many top performers remain in line for lucrative payouts at the end of the year.A survey this week by recruitment firm Ambition said UK accountants were set for higher bonuses, while HSBC and Barclays banks told Reuters they had to keep competitive salaries to hold on to top staff. Investment banking salaries up 20 per cent Show Comments ▼ alison.lock last_img read more

4 Sep

Spanish yields rise as debt fears spread

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads KCS-content Spanish yields rise as debt fears spread whatsapp Wednesday 20 April 2011 9:01 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Sharecenter_img Show Comments ▼ whatsapp SPAIN saw yields rise at its latest bond auction yesterday, raising fears that Eurozone debt contagion could spread to a country widely considered too big to bail out.Madrid sold €3.37bn (£3bn) of ten and 13-year dated bonds, at the top end of its target range on the back of solid demand, but it had to pay 31 basis points more for the cash than at its last equivalent sale in March. Ten-year yields reached 5.47 per cent versus 5.16 per cent in March.Spanish yields continue to creep up in defiance of widespread claims that Madrid is a bulwark against any further spread of the debt panic gripping the Eurozone. “Spain spreads are widening and wobbling,” said Newedge’s Bill Blain. “We all know that if Spain falls… game over.”Meanwhile, the growing expectation of a Greek default drove up the cost of insuring Athens’ debt still further to over 1740.7 basis points, up 144.1 points from yesterday’s close. Greek two-year benchmark bonds also reached a record yield of 21.114 per cent yesterday, as some traders said that markets were awash with rumours that European officials might try to use the Easter break to organise a restructuring of Greece’s finances, despite EU claims that any default would have to be unilateral. Others have pointed out that since Athens issued most of its debt, it can default unilaterally if it chooses. The euro reacted well to the Spanish sales, rising 1.2 per cent against the dollar. Tags: NULLlast_img read more