The government is looking to curb them as soon as possible, while banks want to pay the performers who bring in the profits, but is it morally wrong to pay big bonuses so soon after being bailed out f ...
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After more than a year of hollowing out, at least some financial employers appear interested in refilling long-empty seats. Yet many observers report those intrepid firms are much more interes ...
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With both trading profit and underwriting business rebounding in many markets, the newspapers are rife with stories about the return of boom-era paydays. Goldman allocated $11.36 billion for compen ...
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The broad dimensions of the Obama administration's regulatory overhaul set for release this week have been sketched out in media reports. According to The Wall Street Journal, the administration w ...
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Are the US government's much-ballyhooed bank stress test results improving transparency, risk management, and therefore building confidence in the ultimate solvency of the system's largest institution ...
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If there’s a French trader in your vicinity, he or she is probably looking a little down in la bouche. In a TV appearance last week, President Sarkozy accused equated traders at French banks wit ...
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Would the world be better off if most financiers weren't such alpha types? Do we really need our bankers to be among the smartest, best-educated people around? Or, would society as a whole make out ...
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They used to be well down the totem pole. But today they rule the roost as never before. Might your career benefit from rubbing shoulders with them for a year or three? We're talking about regulato ...
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The bosses of Ford and General Motors have offered to work for salaries of $1 a year if Congress approves the $27bn aid package they’re asking for. It’s difficult not to draw a compari ...
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Would you be a banker if most of your pay was at risk for three to five years rather than a maximum of one year? UBS just decided to make itself the test case for overhauling incentive pay. Its ne ...
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US banks aren't exactly known for a glasnost-style approach to employees who talk openly to the press. But when it comes to blogging they err even more on the side of despotism than usual. Back in ...
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What’s worse for your career (and your ego) – being thrown on the redundancy scrapheap, or having your salary slashed by a quarter? That was the dilemma faced by CLSA staff who were told to ta ...
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Touted as possible sanctuaries from the problems crippling the Western financial system, do the Middle East or Asia really offer ample job opportunities or even any shelter from redundancies? ...
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Now that it's that time of year again when you used to salivate about getting paid… is your biggest year-end purchase going to be a tighter belt? Whether on Wall Street or the City, government honc ...
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When a government has to step in to nationalise one ailing bank, it’s big news. When a government steps in to nationalise two ailing banks, it’s even bigger news. But when a government tries to splash ...
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Dick Fuld may be widely seen as an ogre guilty of hubris and ineptitude, but some people are coming out on his side. The argument in favour of Fuld goes a little like this….There was no need f ...
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Think that American investment banking is just one big bloodbath of job cuts, hiring freezes and plummeting bonuses? Barclays begs to disagree. Barclays Capital, the British firm’s i-banking a ...
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Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region - Swiss rival UBS is also looking to double its Indian headcount and the li ...
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Are investment banks really wielding the knife in as measured a manner as official data indicates? We've often discussed the disconnect between numbers stated in Wall Street layoff announcements, a ...
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It may have achieved better than expected second quarter results (CNN), but they haven’t done much to dispel the crowd of caterwaulers baying for Citigroup to be broken into its constituent ...
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