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Global Roundup: Financial Professionals in Ireland Facing Two Years Without a Raise

Financial professionals in Ireland facing two years without a pay rise

This shouldn't come as a huge surprise in these austere times, but the vast majority financial services professionals in Ireland received no salary increases in 2010, and 2011 is already tipped to be another belt-tightening year for the industry. [Ireland]

The awful truth about Aussie bonuses: Even Goldman Sachs staff will suffer

Now is not the time to upgrade your Ferrari: 2010 bonuses at investment banks in Australia will generally be 15 to 30 percent lower than the previous year, according to senior headhunters. [Australia]

Don't expect Nordic jobs boom from Europe's sovereign debt crisis

Europe's sovereign debt crisis could yet prove a cloud with a silver lining for Nordic banks, as it may lead to increased activity within areas such as risk, cash management, fixed income and foreign exchange. The moot point, however, is whether such activity will in turn lead to more job opportunities. [Sweden]

SCB still on track to add 2,000 staff in Singapore and it wants everyone to know

When Standard Chartered opened a new office in Changi in May last year, the event was overshadowed by an announcement of 2,000 extra Singapore hires by 2012. Fast forward to January 2011 and SCB is sticking to its story. [Singapore]

Very major danger of redundancies in FICC

2011 could turn out to be a peculiarly nasty year for fixed income, currency and commodity professionals. Enthused by soaring revenues in 2009, most banks built up their FICC businesses in 2010.

This could be the year they decide to trim them back again. [UK]

AUTHORMark Feffer1 Insider Comment

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