The Times reports that Mervyn King, the Governor of The Bank of England, told the UK Treasury Select Committee Tuesday that bankers need to take permanent pay cuts and allign their compensation more closely with that paid to those who work in other professions.
Here's US Treasury Secretary Tim Geithner's written testimony before the House Committee on Oversight and Government Reform, January 27, 2010.
Testimony by Henry M. Paulson Before the House Committee on Oversight and Government Reform
Here's the text of President Obama's State of the Union address.
Reuters reports that Cantor Fitzgerald CEO Howard Lutnick has been talking whilst at Davos about the opportunities for firms like his to clean up recruitment-wise by taking advantage of the concerns many employees now have working for a large US firm.
We're a little late with this one, as these awards were announced at the beginning of January.
CareersIT is part of the Here Is The City group of News and Careers websites established in 2002 to serve the financial services industry.
Here's an outside perspective on banker bonuses:
They've called it the $30bn speech - that's the value wiped off shares in top US companies in the minutes after President Obama announced on Thursday that he was to introduce measures to reduce the size of financial institutions and limit their ability to take on risk.
Bloomberg reports that, according to documents obtained by US lawmakers, Goldman Sachs 'was the most aggressive bank counterparty to AIG before its bailout, demanding more collateral while assigning lower values to real estate assets backed by the insurer'.