FX Traders Find Bonuses Fewer, Smaller Banks' Weak Overall Performance Cited
BANKS
As expected (FX Week, November 30), fewer foreign exchange traders got bonuses and those that did found that they were smaller than they were last year at most of the major U.S. money center banks. Despite healthy gains in foreign exchange trading revenues, a number of the banks were forced to reduce bonus payments because of their sluggish overall performance.
"It was a tough year for all the [American] banks," says a source at Citibank in New York. Although "foreign exchange had an excellent
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