To be fair to the spouses, these bankers could always find a second or third job, right? If the tables were turned, you know that's what they would be asking of others.
Divorced bankers who have had their bonuses cut are trying to wriggle out of millions of pounds worth of maintenance payments they promised to pay their children and former wives. Dozens of ex-husbands in the City are going back to court to ask judges to reduce divorce settlements that were agreed in much rosier economic times.
Two of the City's leading law firms advising bankers and wealthy businessmen confirmed that they were helping husbands get better maintenance deals in light of their clients' reduced financial circumstances.
Sandra Davis, head of family law at Mishcon de Reya, told The Independent: "We have had a number of male clients who have been forced to renegotiate settlements where maintenance awards were substantial. These were based on projected bonuses and salary levels which have not been sustained in the economic downturn."
