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Jefferies cuts dealmaker bonuses by 25% as investment banks rein in costs
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Jefferies has cut bonuses for dealmakers by up to 25% as investment banks look to keep a lid on costs amid a slump in activity.
The independent investment bank, which has been bulking out its senior ranks over the past two years, told dealmakers their bonuses for 2022 this week. Those contacted by Financial News said that the pool had slipped by 20-25% compared to a year earlier, when banks paid out bumper bonuses as deal fees spiralled to new highs.
Jefferies...
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