Fresh evidence of the pay deals on offer in the City has emerged, with the biggest US bank, JPMorgan Chase & Co, revealing it gave more than 100 of its top staff in London an average of £2m each in 2012.
Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.1% gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.
Ross McEwan, CEO of the Royal Bank of Scotland, has been handed £1.5m of shares in the bank.
Leonardo DiCaprio has spoken out in defence of Martin Scorsese's Oscar-tipped black comedy The Wolf of Wall Street after the film was hit with a raft of negative publicity in recent weeks.
Taxpayers end 2013 with a £14.5bn loss from their stake in Royal Bank of Scotland, five years after the Edinburgh-based bank received a record-breaking government bailout.
Japan's Nikkei index may have clocked its biggest annual gain in over 40 years, but it wasn't 2013's best performing stock index.
Goldman Sachs could rise to $239 a share were all its businesses to peak at once, said Brad Hintz, an analyst at Sanford C. Bernstein.
Antony Jenkins, CEO of Barclays, has admitted it could take as long as a decade for the bank, which has been implicated in a number of banking scandals, to regain customer trust.
Wells Fargo has agreed to pay Fannie Mae $591m to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.
Senior staff at Goldman Sachs in London received average pay deals of £2.7m in 2012 – a 50% rise on 2011 – the company disclosed on Monday, shedding fresh light on the rewards on offer in the City as Brussels prepares to impose a cap on bonuses.
Barclays' new CEO Jes Staley will prioritize the investment bank’s advisory and execution operations and accelerate sales of unwanted assets, according to the bank’s Deputy Chairman Mike Rake.
Royal Bank of Scotland has said it plans to cut costs by about $3bn at its investment bank over the next three years as part of CEO Ross McEwan’s plans to shrinks the unit.
Eight major banks broke EU bonus cap rules last year and will have to change the way they pay their top staff this year.