Goldman, JPMorgan and Morgan Stanley have all posted their Q3 results. Here's how they stacked up on the compensation front.
Once you get started.....
A small - but increasing - number of companies are implementing a pay program that breaks the most entrenched of workplace taboos: revealing your salary.
JPMorgan's tentative $13 billion settlement with the Justice Department, the New York attorney general, and the Federal Housing Finance Agency over financial crisis-era mortgage loans is a "terrible deal," former federal and state prosecutor Jacob Frenkel told CNBC on Monday.
A U.S. housing regulator is seeking at least $6bn from Bank of America to settle civil claims the firm sold faulty mortgage bonds to government-backed finance companies Fannie Mae and Freddie Mac, according to a person with direct knowledge of the discussions
"We're trying to get it resolved'.
Deutsche Bank has started talks with some 50 employees as part of its investigation into possible manipulation of the Libor benchmark interest rate, a German newspaper reported.
JPMorgan has tentatively agreed to pay the Department of Justice a record $13bn settlement to resolve several civil probes relating to residential mortgage-backed securities — a costly deal that still doesn’t protect the bank against additional criminal prosecutions.
As Steven Cohen nears a settlement that may put his SAC Capital Advisors out of business over allegations of insider trading, some of his overseas portfolio managers aren’t waiting.
Morgan Stanley won the dismissal of a suit filed by the lender Dexia, which accused the bank of misrepresenting information about loans underlying more than $600m in mortgage-backed securities.
An epic four-day splurge by consumers shopping online is expected to result in retailers breaking sales records. Between Black Friday last week and the close of Cyber Monday, shoppers will have spent more than £3bn, analysts believe.
Less than two months ago, the finance ministers of the G20 gathered for a celebratory dinner in Peru to mark agreement on a “once-in-a-century” package of reforms to combat tax avoidance by multinational corporations that is costing governments up to $240bn a year.
The UK economy has slowed after poor overseas trade figures put a record drag on growth, leaving household spending to drive the recovery and casting further doubt on George Osborne’s hopes that strong tax receipts will help him hit ambitious budget targets.