Financial Bonuses Poised to Wither Following Stock Plunge

[kreslik.news]

Its not even September and year end bonuses are already looking scant after stocks for leading banks such as Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG and UBS Group AG have been taken to the woodshed in recent months.

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The downturn in banking stocks, instigated by diving profit margins and profitability have eliminated more than $2.5 billion from the value of deferred shares that were paid as bonuses in the past few years, according to a recent Bloomberg report.

The grim outlook for executive bonuses ... (read more)