Singapore beats Hong Kong in banking bonus bloodbath

Posted by PSR_AXP 15 mths ago

After a bruising bonus round at US banks, next week will be the turn of European banks to tell staff their ‘numbers’ for 2022. They're likely to be just as bad.

The overall conclusion from US banks is that in 2022, managing directors in Hong Kong and mainland China suffered a punishing compensation round, with compensation down by between 50% and 60% among senior staff.

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