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Salaries at Financial Institutions Up 4.35% in ’99

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Edmund Sanders covers financial institutions and fraud for The Times. He can be reached at (714) 966-5811 and at edmund.sanders@latimes.com

Salaries at California financial institutions rose 4.35% last year, fueled by strong job growth among sectors that provide banking services to the wealthy, a new survey shows.

Commercial banks and financial services companies experienced the biggest increases, according to Russell Stephens, a Los Angeles executive search firm.

Strongest job growth occurred in private banking, trust services and money management.

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