It was in the lates 1970s, and Goldman co-senior partner John Whitehead was addressing the firm's internal annual investment banking conference.
Slowly but surely, information about 'secretive' City pay deals is being exposed.
Reuters reports that Bank of America CEO Brian Moynihan can rest easy (at least this week), as the bank's Chairman Chad Holliday said at a conference in Abu Dhabi Monday that he supports the CEO '100%'.
Citigroup has reported its Q4 earnings. Net income came in at $1.2bn compared to $1.3bn in the same period in 2010.
Looks like there won't be much cash about this bonus season.
IFR Editor at Large Keith Mullin has an interesting article on Reuters concerning Nomura and its global aspirations.
It was in the early 1990s.
Here's a few links to some interesting Bloomberg, Guardian, New York Post and New York Times stories currently doing the rounds.
Ahead of the full-year results from Goldman Sachs on Wednesday it is worth taking a look at what the Wall Street firm paid its top flight staff in London in 2010.
Nasdaq granted CNBC rare all-day access at its Rockville, Maryland, facility to see how its analysts police the markets in real time.
U.S. officials are investigating at least 10 major banks for the possible rigging of precious-metals markets, according to The Wall Street Journal.
While many start-ups may not justify their lofty valuations at this point, it's not stopping investors from knocking on their door.