It's been a long time coming, but it is finally happening. The trend with bonuses is down, and that's likely to be the case for years to come.
Fins.com reports that the US Securities and Exchange Commision plans to increase headcount by 780 in fiscal year 2011 (612 positions full time).
With financial regulators devoting a great deal of focus on pay and bonus practices globally - and new rules in this area being proposed in the U.S. - a new survey from Deloitte finds that 37% of financial institutions reported that they had completely or substantially incorporated risk management considerations into their overall performance goals and compensation decisions.
Cowen Group, Inc. ('Cowen') and LaBranche & Co Inc. ('LaBranche') have announced a definitive merger agreement under which Cowen will acquire LaBranche, a market-maker in options, exchange- traded funds and futures on various exchanges domestically and internationally.
Asia Pacific Target M&A Up 2%
Macquarie Group has launched a groundbreaking partnership with leading youth disability sports charity, The Lord's Taverners, at its London CityPoint offices by staging a unique table cricket exhibition with young people from the South London Special League.
The New York Times reports that JPMorgan Chase CEO Jamie Dimon has bagged around $17m in stock bonuses for his work in 2010.
That well known financial publication, The UK's Daily Mirror, had some interesting stuff about Barclays Capital bonuses Wednesday.
Royal Bank of Scotland is looking to put most of its Asian corporate banking business up for sale, according to a person with knowledge of the discussions.
On Wednesday, congressional Republicans tried to pull a fast one.
The Grade II-listed club house and the tree-lined fairways of the Fulwell Golf Club in Middlesex might expect more midweek activity this spring as the oil price crisis triggers a wave of redundancies at a nearby business centre.