Banker pay rose by $13 BILLION last year :@HuffPostBiz. #bennyquetell,@LinkedIn,@LinkedInToday,@GooglePlusTweet,@GooglePlus_Feed,@Pinterest,@twitter,@facebook,@twitpic,@klout,@branchout,@huffingtonpost,@mashable,@youtube,@ubersocial,@bitly,@hootsuite,@digg,@blogger,@forbes,@resilient_ent,#resilientmediaentertainment

Bank Pay Rose In 2012 Despite Cutback Efforts * Total 2012 compensation up 10 bln euro across 35 banks * Two thirds of banks had higher per-person compensation * EU policymakers say they have no power to regulate total pay * Compensation ratio rising at just over half the banks * Banks say rise boosted by redundancy costs, past deferred bonuses By Laura Noonan LONDON, March 10 (Reuters) - Compensation at the world's biggest banks rose last year, with 35 of them spending a combined 10 billion euros ($13.1 billion) more on staff than in 2011, figures compiled by Reuters show. Bankers' remuneration has rarely been out of the spotlight over the last five years, as the industry's powerhouses were rescued from the brink during the financial crisis with hundreds of billions of taxpayers' dollars. Policymakers have since fought to curb the bonuses they say encouraged excessive - and sometimes catastrophic - risk-taking. Read more at www.huffingtonpost.com

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