Former US Treasury Secretary (and Goldman CEO) Hank Paulson has a new book out - 'On The Brink'. Here's a few lines from the book, and some soundbites from recent interviews he has given to publicize it.
Here's a note of our most popular Life stories in January:
The Wall Street Journal reports that the 'unofficial theme' of the World Economic Forum at Davos has been 'First, kill all the bankers'.
The Times has reported that, according to UK 'think-tank' the Centre for Economics and Business Research, some 48,000 London-based professionals lost their jobs during the downturn which followed the US subprime meltdown in 2007.
The newspapers are full of England captain John Terry's alleged affair with the estranged lover of best friend, former Chelsea team-mate and ex-nextdoor neighbour Wayne Bridge.
20th Century Fox presents the follow-up to 1987's 'Wall Street'.
The Business Insider reports that Goldman has increased the base pay of many Vice Presidents by up to 50%.
Bloomberg reports that Nabeel Naqui, the former head of EMEA credit products over at Toronto Dominion Bank, has said that the firm is trying to make him a scapegoat for failures in its own systems and controls.
The Wall Street Journal reports that JPMorgan Chase has now tightened its bonus clawback provisions to include any employee who is found to have taken on excessive risk, and any staff member who did not whistle-blow on bad risk taking. The newspaper also reports that Morgan Stanley has now revised its bonus clawback terms, enabling it to reclaim bonuses for 3 years in the event of subsequent realizable losses.
Reuters reports that Goldman Sachs is mulling over its options, after President Obama's attack on its business model last week.