Belfast Telegraph

One in four bankers fear for bonus

Nearly a quarter of bankers fear they will not receive a bonus this year as regulatory pressures weigh on pay in the scandal-hit financial services sector.

A survey of more than a thousand City workers by recruitment firm Astbury Marsden reveals the percentage of them expecting a "donought", or zero bonus, in the current pay season has doubled to 22% compared with the same time last year.

With reports suggesting Royal Bank of Scotland will delve into its bonus pot as it becomes the third bank to pay fines connected with the Libor scandal, half of the respondents believe government and regulatory pressure will have a detrimental impact on their pay.