Today news
About the same in other media
Evercore cuts banker pay by 27% as dealmaking slows
Reading now: 783
Boutique investment bank Evercore cut banker compensation by nearly 30% in the third quarter as dealmaking fees slumped in line with a broader slowdown.
The bank paid out $355.8m in compensation during the third quarter, a decline of 27% as it put less money aside for bonus payments. Evercore's compensation costs hit $1.2bn for the first nine months of 2022, a fall of 5%, with average payments slipping to $543,750 in 2022 from $661,353 for the same period last year.
While...
Read more on fnlondon.comAbout this in other media
Citigroup cuts 10 European capital markets bankers as it trims dealmaker headcount fnlondon.com /1 year ago
Evercore is looking for a new London HQ — and could move out of Mayfair fnlondon.com /1 year ago
Ukraine war: Ukrainian refugees urged not to return home this winter as power cuts loom euronews.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
