higher than for 2009.
JPMorgan Chase pulled in $17.4bn in profits in 2010, the best year for earnings in the bank's history. And senior executives look likely to do OK for the work they put in last year.
The New York Times reports that, according to a 'person familiar' with the matter, Morgan Stanley CEO James Gorman is unlikely to bag more than $15m in compensation for his work in 2010.
Citi CEO Vikram Pandit reorganised his top troops last week, promoting John Havens ato COO. But some commentators are concerned that this latest reorg still leaves no clues as to who Pandit is grooming to succeed him (Havens is thought likely to step down when Pandit eventually does so).
Here's a couple of interesting facts you might not have known:
According to Dealogic data, Goldman Sachs topped the worldwide M&A advisory league table in 2009.
There was a decent article in The Guardian over the weekend about Helena Morrissey, CEO of UK fund manager Newton.
We thought our readers might be interested in some basic facts about Here Is The City News.
CHARLOTTE, N.C., Jan 21, 2011 (BUSINESS WIRE) - Bank of America Corporation today reported a net loss of $1.2 billion, or $0.16 per diluted share, for the fourth quarter of 2010, including the previously announced goodwill impairment charge of $2.0 billion in the Home Loans and Insurance segment.
Homes close to London’s Harrods department store are so in demand that the average price within a five minute walk has soared to £2.4m – almost double the average for the borough of Kensington and Chelsea.
Financial analyst Meredith Whitney 's hedge fund firm, Kenbelle Capital, seems to be in trouble a little more than a year after it launched.
And the moral of the story is...