Canada’s six biggest banks earmarked C$12.2 billion ($10.7 billion) for annual bonuses, 13 percent more than last year, as North American stock markets rose and investment-banking fees soared to a record.
Bonuses may be directed more toward those in wealth management this year and to dealmakers within capital markets, executives said. While total trading revenue at the biggest lenders climbed about 1.5 percent this year, employees in underperforming businesses like fixed-income and commodities trading may see less of an increase.
Bonuses may be directed more toward those in wealth management this year and to dealmakers within capital markets, executives said. While total trading revenue at the biggest lenders climbed about 1.5 percent this year, employees in underperforming businesses like fixed-income and commodities trading may see less of an increase.
