Pay

Fund managers take long view by scrapping bonuses

23 Aug 2016

Star investor Neil Woodford is paying his staff fixed salaries, while former trade body head Daniel Godfrey is launching a trust on the same principle. Fund costs won't necessarily fall. But a bonus system can prompt unhelpful short-termism while ratcheting up overheads.

BBVA bonus cap a helpful check on fintech fever

22 Aug 2016

The Spanish bank has asked European lawmakers to let it pay technologists whatever variable compensation it deems fit. A rule limiting bonuses to twice base salaries makes more sense for traders than coders. But it could prevent BBVA veering from innovation lust into overpaying.

Credit Suisse special pay looks less than special

4 Jul 2016

The Swiss bank last year trebled extra awards it makes to hire or retain star recruits. The boost partly fits the change in management and compensation philosophy under boss Tidjane Thiam. Still, too many were given too much at a time when industry profitability is wilting.