JP Morgan yesterday announced predictions that would see a deterioration in investment banking revenues in the second half of 2012.  An interesting point in Kian Abouhossein’s report is this little table which looks at employee affordability:

The table tracks investment banking compensation as a percentage of revenues. At the end of 2011, one thing was clear: the Swiss banks (UBS and Credit Suisse) were paying too much, with Credit Suisse especially looking a little out of control, Morgan Stanley also looked out of kilter too.

The challenge now is to reduce pay as a percentage of money coming in.  Abouhossein and his colleagues think this will happen almost everywhere, except possibly BNP Paribas.

Chris
cskidd1983@gmail.com
Married to the amazing Sarah and raising Jakey, Daniel, Amelia, Josh & Jonah in our blended family. Passionate for Jesus, social work & sport.

0 thoughts on “Do Catholic countries have better football players?”

  1. no,in the philippines is predominant catholic countries but basketball is popularity game…..even in fiesta ,the churches
    organize the game … the tradition…i believe the other catholic countries only has a the best football player.. like Europe and latin America,,,,except protestant coz ur loser,,, for catholic only……………………….godbless all catholic countries and irish republican army

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