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Top Firm Urges Staff To 'Adopt-A-Plant'

Firms are looking at all sorts of way to cut down on costs these days, and potted plants, it seems, are one 'luxury' item that under-pressure financial institutions are getting rid of in their droves.

The Latest On Bank Pay & Bonuses

US President Barack Obama has, as expected, started to tone down his anti-Wall Street rhetoric. Speaking in a prime-time press conference Tuesday, Obama said that although the American people are understandably angry that taxpayers dollars may have been used to pay Wall Street bonuses, the country 'can't afford to demonize every investor or entrepreneur who seeks to make a profit'.

Senior Staff Give Up Their Bonuses

The Wall Street Journal reports that New York State Attorney General Andrew Cuomo said Monday that 15 of the largest 20 AIG Financial Products group retention bonus recipients have agreed to give back their $50m payouts in the wake of the public outrage over the payments, which total some $165m.

'Soviet' Anthem Said Heard On Goldman Trading Floor

Soviet Flag

The Wall Street Journal's 'Heard on the Street' column reports 'gallows humour' over at the Goldman Sachs trading floor on the 29th floor at 85 Broad St - the sound of the Soviet anthem was apparently heard across the floor last week, after traders heard that that 90% punitive bonus legislation had successfully passed through the House of Representatives.

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