Citigroup is set to pay most of its investment bankers in Europe at least half of their bonuses in cash, as US banks push ahead with moves to hand star employees the most generous pay deals in the industry.
At first glance it was easy to be angered by the comments posted by Singapore-based wealth manager Anton Casey on his Facebook account.
Good news for some.
Expect to work hard – really, hard. And don’t look for short cuts.
Wall Street CEOs including Lloyd Blankfein and Jamie Dimon are avoiding a squeeze on pay that helped their firms lower costs in 2013.
Britain's four biggest banks will be among 124 across the European Union being subjected to stress tests later this year in an attempt to end lingering doubts about the strength of the banking system five years on from the financial crisis.
Here's the latest investment banking weekly scorecard from Thomson Reuters:
State Street UK has been fined £22,885,000 by the Financial Conduct Authority (FCA).
Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison.
A New York money manager who once worked with personal finance guru Suze Orman has settled charges with the Securities and Exchange Commission that he allegedly misled investors about his success through 140-character tweets and an email newsletter to 60,000 subscribers.
The Financial Conduct Authority is "not going soft on banks", its interim chief executive Tracey McDermott said after the regulator dropped probes into the banking industry.
Regulators on Friday banned Point72 Asset Management's Steven Cohen from supervising hedge funds until 2018.
Happy new year, investors. US stocks have suffered their worst first week of the year since records began.