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FACTBOX-Banker pay and bonuses for 2010

Tue Feb 8, 2011 7:05am EST

 Feb 8 (Reuters) - The top five U.S. banks will pay staff a combined $119
billion for 2010, up 4 percent from 2009, and average pay for investment bankers
at Deutsche Bank (DBKGn.DE) and UBS (UBSN.VX) also rose, based on 2010 results.
 Swiss bank UBS said on Tuesday total compensation rose 3 percent last year,
although it reduced its bonus pool 10 percent to 4.3 billion Swiss francs ($4.5
billion) and deferred 1.55 billion of the payouts.
 There remains intense scrutiny on how much banks pay staff, especially in
Europe, amid public anger bankers are being well rewarded just two years after
many lenders needed taxpayer help and countries are cutting public sector pay.
 New regulations are forcing banks to pay a bigger share in securities or
defer awards.
 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 For graphic showing 2010 compensation: r.reuters.com/juf87r
 For a story on banking pay trends:                 [ID:nLDE7110ZR]
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 Following are details of pay, revenue, average pay and the closely watched
compensation/revenue ratio for major banks that have reported. Some banks do not
give a breakdown of investment banking results, so their figures include
commercial and retail banking operations (total compensation and revenue in
billions at local currency; some figures are rounded):
 
 BANK                2010     2010      2010    AVG PAY    2010    2009    2009
                  COMP*   REVENUE    STAFF    2010      COMP/   COMP*   COMP/
                                                        REV**           REV**
 JPMorgan (JPM.N)   $28.1    $102.7   239,831   $117,000   27.4    $26.9   26.8
  Inv. bank unit     $9.7     $26.2    26,314   $380,000   37.0    $9.3    33.0
 Citi (C.N)         $24.4     $86.6   260,000    $94,000   28.2    $25.0   31.1
 Goldman (GS.N)     $15.4     $39.2    35,700   $431,000   39.3    $16.2   35.8
 M.Stanley (MS.N)   $16.0     $31.6    62,542   $256,000   50.6    $14.4   61.5
 Bank of America    $35.1    $111.4   286,951   $122,000   31.5    $31.5   26.1
 (BAC.N)
 BBVA (BBVA.MC)    4.8 eur  20.9 Eur  106,976   45,000 eur  23.0   4.7 eur  22.5
 Santander(SAN.MC) 9.3 eur  42.0 eur  178,869   52,000 eur  22.2   8.5 eur  21.5
 Deutsche Bank    12.7 eur  28.6 eur  102,062  124,000 eur  44.4  11.3 eur  40.5
  Inv. bank unit   5.9 eur  20.9 eur   15,943  373,000 eur  28.4   5.1 eur  26.9
 UBS              16.9 Sfr  31.9 Sfr#  64,617  263,000 Sfr  52.9  16.5 Sfr# 73.2
  Inv. bank unit   6.7 Sfr  11.9 Sfr#  16,860  400,000 Sfr  56.3   5.6 Sfr#178.0
 
 Sources: Bank consolidated income statements, results
 *Compensation includes salaries, bonuses and employee benefits
 **Total compensation to total revenues, unless stated
 #UBS revenue based on operating income
 
 (Compiled by by Steve Slater and Sarah White)
 ($1 = 0.7224 euro = 0.9573 Swiss franc)

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