Nine largest U.S. banks have paid annual bonuses by 33 billion dollars

Nine U.S. banks that have received financial assistance to the Government of the United States have paid their employees with bonuses in the past year, amounting to $ 32.6 billion, almost 5 thousand bankers received a one-year premium of over $ 1 million, writes the newspaper The Wall Street Journal, referring to data released by the Attorney General of New York Andrew Kuomo.

Kuomo notes that the bonus payments in six of the nine banks exceeded profit organizations. The total amount of compensation and bonus payments in the nine banks declined, but much less than the size of the net earnings of companies. Compared to 2007, last year, banks spend on their staff by 11% less than the $ 133.5 billion to $ 149.3 billion, despite a fall in net earnings for the payment of bonuses and compensation to the banks to send more than 4% of its volume than in 2007.

According to the report, banks Goldman, Morgan Stanley and Merrill in 2008 to pay annual bonuses amounting to $ 13 billion while the Bank JP Morgan was the most generous on the number of employees receiving bonuses of more than $ 1 million, such bank in 1626 turned out 225 thousand

publication notes that the news about the huge payments have caused outrage in the U.S. Congress and certainly will have serious public interest. The total amount of damages the nine banks that received federal assistance in excess of $ 100 billion and the totalamount disclosed bonus payment is one third of the budget deficit the State of California, which is now on the verge of bankruptcy.

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