A new survey of over 1,000 financial professionals reveals that bank employees doubt the value of deferring bonuses as a way of aligning compensation with the long term interests of shareholders.
Ed Clark, CEO at Toronto-Dominion Bank, discusses the bank's performance and acquisition strategy.
Jeff Werbalowsky is Houlihan Lokey’s Co-Chief Executive Officer and a Senior Managing Director in the firm’s Minneapolis office.
2 February 2011
Standard Life Investments, a leading investment house, has warned that although recent regulatory changes are intended to make the banking sector more resilient to future shocks, there are possible negative consequences for bond investors, and indeed for the global economy, of these complex and far reaching alterations.
The Wall Street Journal reports that 'total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135bn' in 2010, as revenues hit another all-time high of $417bn.
To fix its fixed income unit.
The Telegraph reports that Citigroup is 'nursing' losses of up to $4bn after it seized control of music group EMI from private equity firm Terra Firma and restructed the business.
Our Highly-Placed Professional gives us his views on two subjects that have been much in the news recently - the 'Uptick' rule and mark-to-market accounting.
• The bulk of debt restructuring in Europe is yet to come