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Poor relationsBad news for my former colleagues at the little known Heller Nieselregen private bank: the latest survey of financial salaries and bonuses has highlighted "an increasing gap in remuneration between the first tier banks and those in the second and third tiers". Illustrating the yawning divide between the haves and the have nots, a vice president on an interest rate derivatives desk at a tier one institution should expect to take home £285,000 a year, while third tier vps have to scrape by on a paltry £225,000. I don't know how they deal with the shame, let alone the restricted choice of second...

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