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FACTBOX-Banker pay and bonuses rise for 2010
February 3, 2011 / 10:52 AM / in 7 years

FACTBOX-Banker pay and bonuses rise for 2010

 Feb 3 (Reuters) - The top five U.S. banks will pay staff a combined $119 billion for 2010, up 4 percent from 2009, similar to the average pay rise for investment bankers at Deutsche Bank (DBKGn.DE), according to 2010 results.
 Deutsche Bank said on Thursday its investment bankers earned over $500,000 each on average last year, topping Goldman Sachs (GS.N) as the highest payer on Wall Street. [ID:nLDE7120UM]
 There remains intense scrutiny on how much banks pay staff, especially in Europe, amid public anger that bankers are being well rewarded in salary, bonus and other benefits 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.
 More U.S. banks will report in the coming weeks, and most big European banks are due to unveil 2010 results in February.
 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 comp 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
 Source: Bank consolidated income statements, results.  *Compensation includes salaries, bonuses and employee benefits  **total compensation to total revenues, unless stated
 (Compiled by by Steve Slater and Sarah White)   

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