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London Bankers Expect 44% Bonus Increase, Survey Finds

Managing directors at banks in London are expecting a 44 percent rise in bonuses for 2013 even as European authorities seek to scale back compensation, according to a recruiter’s survey.

The average bonus for managing directors may increase to 166,955 pounds ($271,686) from 115,618 pounds a year earlier, Astbury Marsden said in an e-mailed statement. That’s more than double their average salary, up from 88 percent in 2012, the recruitment firm said.