UK banks are scheduled to pay out the largest ever bonuses totaling £4 billion, despite the fact that we are facing the most severe squeeze since 1990.

According to sources, British bankers will begin receiving the largest bonuses since before the 2008 global financial crisis this week, as their companies compete in an "increasingly heated struggle for talent." According to Refinitiv research, London's mergers and acquisitions (M&A) bankers would earn a total fee of $3.5 billion (£2.6 billion) in 2021. Bonuses of more than £4 billion are likely to be paid out by HSBC, Barclays, Lloyds Banking Group, and NatWest.

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