All posts by europeanbanks

Seking alternatives to US dollar dominance in global finance on St. Petersburg International Economic Forum SPIEF 2018

The Russian president Putin spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday. “The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. Investor Jim Rogers noted that the US currency will likely lose its leadership status in the next decade. “Dollar…

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Salaries for VPs in investment banks

One of the most popular posts right now is how much did investment banks in London pay their vice presidents (VPs) in salaries and bonuses for 2017/2018? Average total compensation (£ ‘000s) for vice presidents (VPs) in the investment banking divisions (IBD) of banks in London, 2017-18. Top of the list is Goldman Sachs with a salary of 265 for VP1,  276 for VP2 and 334 for VP3. Other banks on the lista are  JP Morgan, Morgan Stanley, Bank of America, Citi, Barclays, Deutsche bank, Credit Suisse…

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