Banking Sector Facing the Spotlight As Results Loom ; Will the Bonus Culture Return to Uk Finance?
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Summary
STUNNING results last week from US banking giant Goldman Sachs left commentators wondering if the boom and bonus days of the banking sector had ever gone away.
As the season for bank results gets under way, there are signs that areas such as trading in currencies, fixed income and commodities have insulated firms at a time of the deepest global recession since the war.See the full content of this document
Extract
Banking Sector Facing the Spotlight As Results Loom ; Will the Bonus Culture Return to Uk Finance?
Goldman racked up secondquarter profits of $3.44bn (pounds 2.1bn) - way above expectations - while fuelling concern about a swift return of the bonus culture amid a 47% increase in pay and benefits.
The UK's leading banks will report figures in ea...See the full content of this document
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