Bank by bank, this is what happens to jobs and pay now

by Sarah Butcher | | 6 November 2019

Now that most banks have reported their results for the third quarter of 2019, their strategic priorities for the next three months and after are clear. Yes, it’s mostly about cuts. Yes, pay looks compromised, but there’s also investment – and not just in technology.

This is the situation on a bank-by-bank basis.

Bank of America: Hiring bankers and client-facing staff, investing in technology

Bank of America has spent 2019 repairing its investment banking franchise, and it seems to be working. After hiring 50 senior bankers in total, including 27 new managing directors in the year to October, M&A fees earned by the bank increased 72% year-on-year in the third quarter. 


See the full article to read about pay at
Bank of America, Goldman Sachs, Barclays,
BNP Paribas, UBS, Citi, Deutche, and more.

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