Bankers in High Court over £42m 'unpaid' bonuses

clock

More than 100 London investment bankers have launched a claim in the High Court for £42m in unpaid bonuses.

Andrew Hochhauser QC, representing 21 of the 104 bankers, accused German banking giant Commerzbank of trying to "move the goalposts" when it enacted a clause permitting it to cut bonuses by 90% in the...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment General

The Bank of England

Investors prepare for end of BoE's bond-buying programme

After recent interest rate hike to 0.25%

clock 17 December 2021 • 1 min read
With providers and asset managers having to produce climate-related financial disclosures it's foreseeable that in reviews and annual statements advisers will have to discuss or at least disclose the impact of their client's portfolio, Quintin Rayer, head of research and ethical investment at P1 Investment Services, said.

Advisers must be careful not to create 'inherent bias' towards ESG - P1

'We can't afford not to be sustainable'

clock 17 November 2021 • 2 min read
Industry Voice: Slashing emissions will fuel green growth for decades

Industry Voice: Slashing emissions will fuel green growth for decades

Velislava Dimitrova, Portfolio Manager, Fidelity International
clock 17 February 2021 • 7 min read