He wants a $10,000 raise for all employees at the firm.
The biggest and fatest-shrinking bonus pots.
Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior.
Fresh evidence is emerging of the spendthrift lifestyle of the directors of the once-mighty Caja Madrid savings bank even as the 300-year-old institution drifted into crisis.
American International Group Inc. (AIG)’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock.
London has more billionaire's per capita than any other country.
Noted stock market bear Albert Edwards is back and as downbeat as ever.
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks as they are on Russian incursions into Ukraine or attacks by the Islamic State.
Completed distressed debt and bankruptcy restructuring activity totalled US$118.9 billion during the first nine months of 2014, a 7.5% increase from the same period last year.
George Perez, a former computer programmer for Bernard Madoff who was convicted in March of aiding his boss' massive Ponzi scheme, got support from a noteworthy source this week: Madoff himself.
HSBC has hired Matthew Westerman from Goldman Sachs to help run its investment-banking business.
UBS, Natixis and four other banks and brokerages agreed to pay just over $100m to settle investor claims that they conspired to rig prices for municipal securities.
Lloyds Banking Group has given its chief executive an £8.5m pay deal as the bailed-out bank reported a 7% fall in profits, but also announced a special dividend payout to shareholders.