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Episode details

World Service,02 Jan 2014,17 mins

Banker Pay

Business Daily

Available for over a year

Top bankers still get paid multi-million bonuses, despite having almost brought the global financial system to its knees five years ago. The BBC's Business Editor Robert Peston dispatches his colleague Laurence Knight - himself a former investment banker - to find out why. Laurence speaks to a head-hunter who compares the market for the best traders to the bidding wars over the likes of Ronaldo and Gareth Bale. He hears from a financial blogger with a jaded view of the financial system, who explains why she thinks some bankers have their employers over a barrel. And Laurence meets up with his former investment banking boss, to get an inside view of how the bonus negotiations work.

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