City types spend like there’s no such thing as smaller bonuses

Smaller bonuses may have damped the mood for Christmas parties but they have not stopped bankers in the Square Mile from enjoying themselves.Emolument, a company that benchmarks salaries across the industry, said bonuses for London traders and other staff in fixed income, commodities and currencies (FICC) were likely to be 9 per cent lower than in 2014.

This article was published in Financial Times, 18th December 2015