BNY Mellon has announced a 44 percent increase in its quarterly dividend and plans to repurchase up to $1.3bn worth of shares through the end of 2011.
JPMorgan Chase is extending its biggest ever loan - $20bn - to provide AT&T with bridging financing for its $39bn deal to acquire Deutsche Telecom's T-Mobile US business.
Expensive, elitist and very fast.
The Wall Street Journal's 'Heard On The Street' column points out that Citi's decision to reinstate the dividend at $0.01 cent after its one-for-10 reverse stock split will still only cost the firm around $29m-a-quarter.
Staff over at Goldman Sachs are said to have received a memo Monday, advising them that Michael Sherwood, the firm's London-based vice chair, is to succeed President Gary Cohn as head of the influential partnership committee, which oversees the selection of new Goldman partners every two years.
The New York Times DealBook column has reported that the bun fight for analyst talent has started even earlier this year, with private equity firms like Blackstone and KKR going head-to-head with the likes of Goldman and Morgan Stanley to bag top talent.
It's tough being a banker these days.
Ex-UBS New York-based investment banker Igor Poteroba received a 22 month jail term Monday, after pleading guilty to insider trading charges late last year.
The Z/Yen Group has published its ninth Global Financial Centres Index (GFCI 9) covering 75 financial centres. The big change from GFCI 8 in September 2010 is that Hong Kong has clearly joined London and New York as one of the 'Big Three' Global Financial Centres.
The Guardian reports that HSBC shareholders are said to be complaining about the lack of clarity in the bank's planned new-style executive compensation scheme.