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Tuesday, February 24, 2009

Fat Cat Bankers Demand Pay Rises to Compensate for Bonus Clampdown

As bonuses have been cut amid public anger over the banking crisis, it is predicted that city salaries could more than double over the next few years.

Shaun Springer, chief executive of executive search firm Napier Scott Napier, said bankers are trying to make up for less generous bonuses through higher salaries.

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