As the region’s economy continues to suffer the effects of the coronavirus pandemic, regulators have pushed back against excessive banker rewards, and even rebuffed Deutsche Bank AG’s proposed bonus payout.
Despite Covid-19, 2020 was a banner year for investment banking, with IPOs and bond issues standing out.
"I for one do not look forward to a return to the office," he said two days ago, alongside a photograph of Canary Wharf Station at rush hour.
Campelli, speaking at a banking conference broadcast online, said that the rise in revenue in the investment bank was across business lines.
The executives told employees that the pandemic had eroded the bank’s overall performance and, combined with the stark economic backdrop, meant it couldn’t pay more, said the people, declining to be named detailing a private call.