English “Indignants” Occupy The City
Pigs
Dr Jekyll
Tough Times in Store for the Gorilla
Lehman Brothers goes belly up
"Risk Management Is Both Judge and Judged"
CRISIS. The PCF Puts Its Ideas on the Table
Defense Secret - A Breach of the Rule of Law
Farmers: a world on the edge of the abyss
"I could never have imagined what was waiting for us"
Alice Tavares ordeal as she is thrown out of her home
Emmanuel Macron Does Another Favour for the Rich
The Spinetta Report, a Catastophic Scenario for the Railways
Solidarity: 300,000 older people are “socially dead”
Diplomacy from Atlanticism to Gaullism, Macron Embodies all the Lines
Agribusiness. Intensive farming: Chicken Little was right
Future of France’s Front National: Interview with political scientist Jean-Yves Camus
Inequality still rife with one in five children living in poverty
HSBC’s trust deficit just the start of its woes
THE RUNOFF FOR THE RICH. THE RICE GRAIN POLICY
Resources: In Vittel, Water no longer Flows from the Spring
Laurent Brun says: “the next phase is privatisation of the SNCF”
Alternatives to uberization of labour in the making
Free Trade. The Left unite against CETA
Denis Durand: "To change the behavior of banks, we must take control of them"
A Toxic Law, Poisonous to Health
Unemployment: 84 percent of French people do not believe in the drop
Taxation: Bercy softer on the definition of tax havens than Brussels
Agreement on fishing in Brussels
The 32 hour week, the best defence against unemployment
ORIGINAL FRENCH ARTICLE: Des millions pour les traders
by CÉSAR PRIETO
Traders rake in millions
Translated Thursday 21 May 2015, by
277 French bankers earn more than a million Euros.
About 277 employees of various French banks earn more than 1 million Euros annually. This was reported by the financial daily les Échos now that European banks have been forced to disclose this information for the first time. BNP Paribas employs 149 bankers with millionaire salaries; Société générale has 109 and Natixis,19. "Most of them are traders and not executives. They handle large sums of money and are rewarded with salaries that in no way reflect the work they do", explains Régis de Santos, president of the National Banking and Credit Union (SNB). According to him, these astronomical salaries are a global problem that cannot be fixed by France alone. As per figures released by the European Banking authority, Deutsche Bank is the leading culprit. The bank pays more than 1 200 million Euros to 816 employees, which is the equivalent of 24 000 jobs at an annual salary of 50 000 Euros each. Equally shocking is the case of Royal Bank of Scotland with 110 millionaire employees, given that the Bank had to be rescued with public funds following the financial crisis in 2008.
"The discrepancy when compared to the large majority of bank employees is huge", says Régis de Santos who points out that a fresh hire in a bank branch typically earns 1 100 Euros per month. It is worth remembering that the employees of Société générale, Natixis and BNP Paribas continue to fall under social plans alongside thousands of jobs that were lost since the onset of the crisis.
