Snapchat pays summer interns $10,000 a month plus $1,500 for housing, according to new survey data that highlights the jaw-droppingly high wages that Silicon Valley’s top tech companies pay students for summer gigs.
CalSTRS has ventured into hedge funds, but it is not paying the alternative investment class's notoriously high fees, Christopher Ailman says.
It was the best of times, it was the wurst of times at Credit Suisse's annual general meeting (AGM), as shareholders waved through controversial pay deals for its top team despite protests - and comfort ate frankfurters.
Royal Bank of Scotland has revealed that Swiss authorities are scrutinising its Coutts subsidiary as it reported a near £1bn loss for the first three months of 2016.
United States M&A activity totals $360.0 billion, down 22% compared to YTD 2015
“We should run better.”
More to come ?
Barclays’ chairman wants to cut investment bankers’ bonuses and told shareholders that the current period of market turmoil might provide the cover he needs to chop pay.
Sad to report.
Deutsche Bank supervisory board member Georg Thoma is stepping down two years early after facing criticism that he went too far in probing potential wrongdoing at the company.
Ken Moelis, the former UBS executive who took Moelis & Co. public two years ago, said he’s keeping in mind the lapses of giant investment banks as he works to build his boutique.
Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.
Jeremy Corbyn called on Labour MPs to “end the trench warfare” and get behind a socialist vision for Britain under which he would allow councils to borrow more, raise taxes on business to fund education and suspend arms sales to Saudi Arabia.