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Only In America!

Pants Man on Wall Street Bull

Welcome to America - the land of the free market system, where entrepreneurs are encouraged and success is rewarded. Wrong.

Bonuses - 'Mediocre People In The Middle' Won't Get Paid

The Financial Times quoted executive search firm Armstrong International's Matthew Obsorne earlier this week, who suggested that bank bonus pots are likely to be up to 30% smaller this year-end, and that one-in-ten bankers could end up with a doughnut (ie nothing).



RBS building

RBS sets aside £400m for FX probes

Royal Bank of Scotland (RBS ) made a total pre-tax profit of £1.27 billion ($2.03 billion) in the third quarter thanks to previously underperforming loans in Ireland being revalued.