Now these are bigger bonus cuts than rivals.
Citi Chairman Richard Parsons is said to be considering standing down, and is expected to reach a decision in the next few weeks.
Warburg Pincus, a leading global private equity firm focused on growth investing, has named nine professionals as new Managing Directors - the promotion of seven principals and the hiring of two new professionals.
In case you missed them, here's this week's top stories
Looks like Barclays is between a rock and a hard place.
Here's a few links to some interesting Bloomberg, Daily Telegraph, Fox Business and Independent stories currently doing the rounds.
The new managers of the Pimco Total Return Fund have been trumping former boss Bill Gross since he left the world’s largest bond fund, boosted by an opposing bet tied to short-term U.S. interest rates.
"Flash Boys" author Michael Lewis' recent assertions of stock market rigging are "a big lie," former regulator Bart Chilton said.
Jefferies Group, the investment bank run by Richard Handler, said fixed-income revenue dropped 56% to $126m in the first quarter amid fewer high-yield bond offerings.