The Wall Street Journal reports that Citigroup has set-up a new 'profit-sharing platform' for senior executives, which could result in four top bosses, including CFO John Gerspach and COO John Havens, bagging $11.9m.
Is your firm making the news ? And, if so, why ?
Here's a note of the world's biggest hedge fund firms in terms of assets as at January 1st, 2010.
Lehman Brothers Holdings is suing JPMorgan Chase for $8.6bn, of course, claiming that the firm hastened its bankruptcy by siphoning off collateral in the days immediately before its demise.
Personal training company Matt Roberts, in association with Devonshire Terrace, is now looking to find the fittest professionals in the City. Could you be one of them ?
It's been a long time coming, but it is finally happening. The trend with bonuses is down, and that's likely to be the case for years to come.
Fins.com reports that the US Securities and Exchange Commision plans to increase headcount by 780 in fiscal year 2011 (612 positions full time).
With financial regulators devoting a great deal of focus on pay and bonus practices globally - and new rules in this area being proposed in the U.S. - a new survey from Deloitte finds that 37% of financial institutions reported that they had completely or substantially incorporated risk management considerations into their overall performance goals and compensation decisions.
Cowen Group, Inc. ('Cowen') and LaBranche & Co Inc. ('LaBranche') have announced a definitive merger agreement under which Cowen will acquire LaBranche, a market-maker in options, exchange- traded funds and futures on various exchanges domestically and internationally.
Asia Pacific Target M&A Up 2%
'The investment banking industry for all intents and purposes has disappeared'.
No less than 7 top firms have gone / are going through difficulties of one kind or another - and that's in addition to the 'normal' issues banks are having related to regulation, capital requirements and the malaise in fixed income.
Here's the top 64 firms in the HITC best place to work in the global financial markets poll 2014, as voted by our readers.