Most bankers as US firms in London getting bonuses

More than half of bankers and traders working at U.S. securities firms in London will receive a higher bonus for 2013 than a year earlier as they benefited from stronger American investment-banking results, according to compensation data providerEmolument. About 52 percent of employees in investment banking and markets who submitted numbers from JPMorgan Chase & Co., Morgan Stanley, Citigroup Inc. and Goldman Sachs Group Inc. in London said they will receive a higher bonus than the year before, Emolument said. About 15 percent said they?ll get at least 30 percent more than 2012, the data showed.

This article was published in Bloomberg, 28th January 2014