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Trading Places: BlackRock’s 8% pay bump; Barclays hires JPMorgan’s Ward in trading push

Find out who is on the move in the City and beyond this week

Trading Places: BlackRock’s 8% pay bump; Barclays hires JPMorgan’s Ward in trading push

As the world of finance still struggles with the fallout from the pandemic, a clear trend has emerged; big players are determined to keep paying top staff for their efforts.

The Wall Street salary wars continued again this week. BlackRock put its stake in the ground with an 8% increase for lower ranks. Goldman Sach's staff comp pool has shot up by an incredible 50% in the first half of the year, its results revealed, with the bank's chief executive saying that we shouldn't be surprised to see it keep paying juniors "appropriately".

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