London bankers' bonuses to decline

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

London bankers expect their bonuses to contract by about 20% compared to last year as Europe keeps struggling with debt crisis. The average employee of Canary Wharf and Square Mile expects to get a bonus worth approximately ВЈ19,920 or 24% of base salary. This measure is down compared to 35% of base pay last year. The approximation is based on average wage of ВЈ 83,000.

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Mon, 28 Nov 2011 11:44:27 GMT

US shares end week down

US equities closed slightly lower on Friday as increasing euro area bond yields fuelled investors' concerns regarding extending crisis in the region. Standard & Poor's 500 Index lost 0.27% or 3.12 points and closed at 1,158.67. Nasdaq traded down 0.8% or 18.57 points reaching 2,441.51 while Dow Jones Industrial Average dropped 0.2% or 25.77 points to 11.231.78.

Mon, 28 Nov 2011 11:42:06 GMT

Canadian government will have final decision on top banks' purchases

Jim Flaherty, Canada's PM is going to implement regulation that would give the government rights to allow or reject purchases by country's top banks. Flaherty claims such regulations will help to circumvent unexpected obstacles in nation's financial system. Canada reassesses banking legislature once in five years and country's banking system is considered as the world's healthiest.

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