Finance
Regional Banks Will Cut Bonuses While Big Firms Raise Incentive Pay
- Incentive pay for regional bankers could drop as much as 20%
- ‘We have the have and have-nots’ among bankers, Johnson says
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Bonus season in the finance industry is projected to go in two directions, with bankers at regional US lenders hurt by smaller incentive pools while year-end compensation at larger firms is expected to rise by double digits.
Bankers working for regional firms are likely to see their bonuses decline as much as 20% this year, while their counterparts at major global banks could see their incentive pay increase as much as 20%, according to a report Tuesday that gave an early projection for the year from compensation consultant Johnson Associates Inc.