Chart of the week: The return of big bonuses

Wall Street bonuses chart

In 2006, New York’s investment banks paid out $40bn (adjusted for inflation) in bonuses – around ten times the budget of the UN, says Economist.com. After the financial crisis bonuses fell, but they are now creeping up again.

The bonus pool jumped by 15% to $26.7bn in 2013, and the average bonus jumped to $164,530, the third-highest average on record – all despite a 30% drop in Wall Street banks’ combined profits last year.

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Paul Hodges: house prices could fall 50% in 'Great Unwinding'

Merryn Somerset Webb interviews Paul Hodges about deflation, the global economy's 'Great Unwinding', and how Britain's house prices could halve.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


26 January 1808: Australia's Rum Rebellion

On this day in 1808, Major George Johnson carried out the only forceful takeover of power in Australian history during the Rum Rebellion.