Bank bonuses fall to ‘1998 level’

The Peterborough Evening Telegraph - - Uk&world Update -

BANK bonuses are set to fall to lev­els last seen 15 years ago as City re­wards start “com­ing back into the real world”, it was claimed to­day. The amount paid out in bonuses fell to £4.4 bil­lion in 2011/12, less than half the peak of £11.6 bil­lion be­fore the fi­nan­cial cri­sis and the low­est for eight years, ac­cord­ing to eco­nom­ics con­sul­tancy Cebr. And it fore­cast a fur­ther 48% fall to £2.3 bil­lion in the cur­rent year, putting pay-outs back to lev­els last seen in 1998. The re­duc­tion re­flects the col­lapse in City ac­tiv­ity and the sharp fall in fi­nan­cial jobs, which now means that bonuses are “the ex­cep­tion, not the rule”. * KELLY OS­BOURNE has said she will never feel Amer­i­can, de­spite grow­ing up in the US. The 27-year-old daugh­ter of OZZY and SHARON OS­BOURNE was born in London but grew up liv­ing in fam­ily homes in both the UK and the US, and go­ing to school in Amer­ica. Kelly re­vealed at Brit Week in Los An­ge­les: “I don’t think I will ever feel Amer­i­can.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.