Financial News: Investment bankers in the US have begun using equity derivatives to convert restricted shares paid as bonuses into cash, side-stepping new guidelines on remuneration which were designed to prevent bankers cashing out for at least three years, according to a headhunter.

„Rather than wait three or five years fort he restrictions to pass, bankers would rather take a discount of up to 50% now just to get out and do something else“. [Source]