Dealers prepare for worst from gloomy bonus season

Many global banks are expected to distribute their packages over the next two months.

Most banks polled by FX Week declined to comment on bonus expectations, but a spokesperson for Lehman Brothers in London told FX Week: "It’s been a tough year and our compensation will reflect that."

Despite some top-tier banks maintaining healthy foreign exchange profits, economic slowdown, reduced client business and lower volatility hit many banks hard in 2002 (see story, this issue). Dealers fear that th

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