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Bonuses fail to match expectations

Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.

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Bonuses appear to have been a mixed bag, with the majority of headhunters reporting that this year has seen the biggest gap between expectations and reality, both good and bad.

A London-based headhunter, who asked to remain anonymous, said: "The Goldman Sachs bonuses this year completely blew everyone away, compared with what they were expecting. Plus they were combined with a juicy salary hike

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