US Bonus Projections Are Mixed, But Top Performers Need Not Fear

BANKS

As the time for bonus handouts rolls around again, US market players and watchers reveal mixed feelings about what kinds of numbers they expect will be forthcoming. However, most agree that this will be a year of clear distinction between the average and the talented.

"This year will not be like in the late-'80s and early'90s when banks basically paid everyone some standard level," says one sales head at a major New York bank. "Now there will be much more differentiation by performance." Among

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Banca Italease restructures after losses

MILAN – Banca Italease is to reorganise its risk management and control processes, following the announcement of a net loss of €686 million ($937 million) from its derivatives business.

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