JPMorgan paid Achilles Macris $31.8m in the two years before the firm racked up at least $6.2bn of losses on a portfolio he oversaw, more than his boss Ina Drew and among the most at the bank.
The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
The world's biggest strip club businesses say that business is booming despite the recession, proving that "sex entertainment" still sells despite the global economic downturn.
John Paulson, the New York hedge- fund manager said to have considered a move to Puerto Rico, said he won’t set up a permanent residence on the island.
Oh to be a big firm boss.
Barclays has cut its rates for IT contractors in the UK and US working in the corporate, investment banking, wealth and investment management divisions by up to 10% in another squeeze on pay for temporary staff.
Credit Suisse CEO Brady Dougan does not see major problems from Swiss plans for strict curbs on executive pay, nor is he concerned about warnings of an exodus of bankers due to the European Union's plans to cap bonuses.
Most banks got the green light from the Fed with their capital plans. In a surprise, Goldman Sachs and JPMorgan Chase received only "conditional approval."
Morgan Stanley, owner of the world’s biggest brokerage, will buy the remaining 35% of its wealth-management venture with Citigroup after winning Federal Reserve approval in the regulator’s annual stress test.
An expert-networking consultant who leaked illegal tips to former SAC Capital Advisors fund manager Noah Freeman and other portfolio managers was sentenced to a year and a day in prison.
Ever imagined being locked in a room and challenged to break out using nothing but your brainpower?
Should business schools be worried ? Short-term, skills-based courses offer a new model for students seeking an edge in the business world.
Daniel Pinto earned a higher salary last year than his boss, CEO Jamie Dimon, according to JPMorgan.