Foreign news: UK bank bonuses at record lows, alternative lenders gain market share, investment bank 27 August 2015 3:40PM Banking Day staff Foreign news, UK bankers' bonuses have fallen to one fifth of total pay, their lowest proportion since 2003, after peaking in 2007, according to Britain's Office for National Statistics. The Financial Times reports that, in cash terms, finance and insurance bonuses fell almost ten per cent to £13.6 billion in the year to March, although this fall was exaggerated by changes in the timing of 2014's bonus season. In contrast, bonuses in the rest of the economy picked up last year, rising to £28.8 billion or 4.5 per cent of total pay, the highest share since records began in 2000. Digitally enabled "insurgents" are placing banks' lending under pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys. Finextra reports that the survey found 75 per cent of banks across European, North American and APAC regions fear losing market share to alternative providers. An earlier report from Grant Thornton in 2014 revealed that 60 per cent of mid-market businesses were using non-bank sources of finance, such as peer-to-peer lenders and new supply chain networks, Finextra adds Of the ten largest global banks, only two - Goldman Sachs and Morgan Stanley - still make most of their revenue from their investment banking operations, compared with six before the global financial crisis, according to analysis published by FT.com. This situation reflects the dramatic pullback of Europe's "banking titans" after "catastrophic losses" in the crisis, followed by regulatory pressure to back off from risky activities, FT says. Private banking and wealth management have replaced investment banking divisions as the big profit centres in some global banks, while others are repositioning themselves as domestic lenders.