London bankers’ bonuses to shrink by up to 9%

London bankers’ bonuses for 2015 are likely to fall by up to 9% on average from a year earlier after revenues slid in the second half of this year, a study yesterday showed.

A firm called Emolument, which benchmarks salaries across the industry, said bonuses for traders and other staff in fixed income, commodities, and currencies were likely to fall about 9% from payments made for 2014.

Equities traders and staff could buck the trend, however, and see a 2% to 3% rise in bonuses after a recovery in volumes from a weak performance in 2014, the survey said.