Lunchtime Links: Deutsche may raise comp 40% this year; Credit Suisse may cut bonuses 30%

As is normal at this time of year, compensation speculation continues to swamp all other news. Today, it emerges that Deutsche Bank is finally succumbing to the inevitable and raising salaries.

Reuters reports that Deutsche is hiking salaries and suppressing bonuses with a view to keeping total comp in line with what it would have been under the old system of modest salaries and big bonuses. The bank apparently intends to set salaries in line with the average of payouts in 2007 and 2008. This would imply total comp per head in the corporate and investment bank of €324k (283k), up 40% on last year.

The degree of the Deutsche salary hike will depend upon individuals' seniority, however: Handelsblatt reports that VPs will get an 80% increase; MDs will see their salaries raised by 60%.

Credit Suisse, on the other hand, is said to be pushing ahead with its plan to make staff pay some of the costs towards the UK bonus tax, and will apparently be reducing bonus pools for UK managing directors by 30%.

The FSA may be blocking Goldman's bonuses. (Reuters)

Goldman will hit a profit plateau in 2010, just as Morgan Stanley rebounds. (BusinessWeek)

Ex-Goldman banker having a little trouble getting his Asian hedge fund off the ground. (Reuters)

Myners wants to host a meeting to discuss a global bank levy. (Independent)

Rumour has it that Bill Winters might be joining UBS as chief exec. (Euromoney )

Barclays stock plunges after analyst says it needs to raise 17bn. (Evening Standard)

Citigroup made a loss of $7.6bn for the last quarter. (BBC)

Rich people should not be extravagant but work hard, save and invest wisely. If they do, society will benefit and they will justify themselves. (The Times)

In order to stay healthy at work, it is necessary to make regular trips to the printer and coffee machine. (Independent)