The Times reports that Lazard has changed its compensation policy to enable it to pay out more cash bonuses, as it bids to take advantage of rival firms' political pay problems and attempts to attract key talent on board.
The Financial Times reports that, according to people familiar with the situation, Bank of America will be adding up to 2,000 retail brokers to its Merrill Lynch global wealth managment unit over the next year, as its launches its bid to service more wealthy clients.
The New York Post reports that neither Goldman CEO Lloyd Blankfein, nor JPMorgan Chase boss Jamie Dimon, appear to want to be the first to come out and reveal what they are taking in bonus for their work in 2009.
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%.