Deutsche Bank AG and Barclays PLC will cut salaries for its investment bankers by as much as 20% in the coming weeks in order to reign in spending. The move is part of a general trend that has seen the financial industry cut costs in order to increase profits on falling revenue. The news comes from a Reuters report filed earlier today, the report cites sources familiar with the matter. According to those sources, Barclays is currently finalizing compensation and bonus packages for the 2012 fiscal year, and those pay packets are going to be, on average, 10-20% lighter than…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
