Shot of plane on the bonuses in the big French banks

cold wave that has Hit pay in the big French banks. For the second year in a row, the bonuses of the bankers are better paid because they were perceived as taki

Shot of plane on the bonuses in the big French banks

cold wave that has Hit pay in the big French banks. For the second year in a row, the bonuses of the bankers are better paid because they were perceived as taking the most risks for the bank or exercise control functions major have melted at BNP Paribas and Société générale. "The overall allocation of their variable compensation has decreased by 8 % on average by 2018," says Thierry Iochem, responsible in France of efinancialcareers.

According to experts, the trend should be similar in Natixis and Credit agricole, which have not yet put online the information. "The bonuses are falling structurally for several years, finds Florence Soulé de Lafont, associate at Heidrick & Struggles. In Europe, they remain far from pre-crisis levels, which differs from the american banks where they again are very high." The decrease of the variable compensation paid in march as 2018 is greatly linked to the collapse of the financial markets, in particular ...

Updated Date: 30 April 2019, 00:00

Kathleen Lees

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