Wednesday, October 13, 2010

Greedier than ever: Wall Street bankers to pocket record-breaking $91 BILLION just two years on from financial crisis

Wall Street firms will hand out £91billion in salaries, bonuses and perks, according to research published yesterday.

The payouts – 4 per cent up on last year and 24 per cent up on 2006 – come just two years after the collapse of Lehman Brothers and the near meltdown of the financial system.

A pay report by America's Wall Street Journal shows that 26 of the U.S. financial centre's leading 35 firms are planning to increase pay this year – even though one in ten Americans is jobless and a second recession is possible.

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