Results tagged “pay”

Credit Suisse is to up the basic salaries of around 15 per cent of its staff to make up for limits on bonuses.

Around 7,000 workers at the bank, which has its British headquarters in Cabot Square, will see the change to their compensation packages come into effect from January.

Confidence is returning to the financial recruitment to sector according to one of the industry's leading companies.

Despite bad news on national unemployment figures, put at 2.38million last week, financial recruitment specialists Joslin Rowe is now seeing that trend being bucked in the banking sector.

Citibank International unveiled its 2008 accounts today and they don't make pretty reading for the beleaguered banking group.

The Wharf-based bank made net credit losses of £532million last year, compared to £125million in 2007.