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Are Banking Bonuses Returning to the Pre-08 Days?

In 2024, London’s banking bonuses are beginning to feel reminiscent of the pre-2008 era, with top financial institutions scrapping bonus caps and pushing for higher pay.

J.P.Morgan. PHOTO: Shutterstock

The removal of the EU-imposed cap, which limited bonuses to 200% of base salary, has resulted in a surge in bonus pay-outs, especially in the UK. With Goldman Sachs leading the

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