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Those on the second rung of the investment banking hierarchy have received bonuses of up to twice their of base salary for 2021

Investment Banking Editor

Goldman Sachs has hiked bonuses for its associates as investment banks fight to retain juniors amid a broader surge in compensation on Wall Street. 

Those on the second rung of the investment banking hierarchy have received bonuses of between 175% to 200% of base salary for 2021, according to conversations with juniors and headhunters.

Goldman Sachs juniors now earn up to $500,000 as Wall Street hikes bonuses

Goldman Sachs hikes junior bonuses to up to 200% of salary as Wall Street pay surges

Paul Clarke

Goldman Sachs

JPMorgan

Morgan Stanley

Bank of America

Corporate/Industrial News

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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