Bankers expect massive pay rises - papers

More than half of Britain's bankers expect to see substantial rises in their bonus payouts this year, according to a survey by eFinancialCareers, the City recruitment agency.

Nearly a fifth think their payments will increase by a fifth or more, while half of UK-based bankers expect to receive at least half their payments in cash, despite calls from regulators and politicians for bonuses to be paid largely in shares, and deferred. The firm warned that if bankers' expectations are realised there will be a political storm, writes the Independent. FULL STORY...