Banking Salaries Go Marching On…

by James & Miel on June 24, 2009 · 0 comments

Sometimes I think I’m in the wrong business. No matter how you cut it, Wall Street seems to make out like bandits.

The latest news is that Citigroup is increasing its base salaries for traders and investment bankers by 50% (here). They don’t exactly operate the same way personal finance does where we stress “live frugally” and “build wealth.” After the near 90% wipeout of its common equity, these salary raises are another incredible chapter in a disgraceful story.

Best,

James

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