The Guardian reports that Barclays' plan to pay executives and senior staff bonus awards in 'cocos' (contingent convertible bonds) has hit a snag, as institutional shareholders are said to have expressed concerns that the structure could end up being lucrative for the bankers, but cost investors too much money.
By Lois Beckett, Special to ProPublica
With banks and other financial markets firms in the news more often than not for the wrong reasons these days, the unfolding disaster in Japan brings an opportunity for companies to underline that they really have learned about giving back to society.
OK, we've used this headline before, and technically Goldman hasn't 'fired' anyone (at least not for doing anything wrong), but the company has undertaken its usual firmwide review of its bottom quartile, and 5% of staff (around 1,800) are expected to soon be leaving.
Here's a clever ATM / cashpoint scam, which has got quite a few people in the US.
Here are three interesting Bloomberg stories.
The Telegraph reports that The Royal Bank of Scotland (RBS) paid out an average of $1.87m to its 323 'code staff' for their work in 2010.
Here's the latest Thomson Reuters Investment Banking Scorecard.
Royal Bank of Scotland (RBS) has published the 2010 remuneration disclosures required by UK regulator The Financial Services Authority.
CNBC reports that the expat exodus from Bahrain is growing after the government clampdown on protesters demanding more democratic rights.
As another World Economic Forum comes to a climax, global leaders remain at odds over the role of financial regulation, and whether the industry has learned from the mistakes of the past.
Joshua Wilkes, co-head of investment-grade credit at Deutsche Bank, has left the firm, according to two people with knowledge of the matter.
The price of the digital currency bitcoin rose sharply on Monday with news that the U.S. is set to have its first regulated exchange.