Bloomberg reports that UK Prime Minister David Cameron has raised the bonus stakes, describing banks paying big bonuses to staff as 'galling'.
BUSINESS WIRE - JPMorgan has announced major real estate investments in London, including the acquisition of 25 Bank Street in Canary Wharf, which will become the new European headquarters of its Investment Bank in 2012.
Reuters reports that UBS has seen fit to issue a memo to some of its staff to defend the trial dress code it is requiring employees in five of its retail branches in Zurich to adhere to.
Reuters reports that Bank of America is the latest company in corporate America to take a stand against WikiLeaks, after its recent mass release of US diplomatic cables.
We're not sure if CNBC has a hidden camera secreted about the person of Goldman CEO Lloyd Blankfein, but the business news channel appears to be there to witness his every profound statement.
Goldman Sachs Tops Global and US M&A Rankings; Morgan Stanley leads Europe
The news from Bloomberg that Goldman CEO Lloyd Blankfein is likely to bag $24.3m in firm stock next month, mainly from a 2007 deferred compensation package - and other senior execs will get $87m between them - will doubtless re-ignite the pay debate.
(at least in terms of market capitalization) Wells Fargo.
Morgan Stanley CEO James Gorman is said to have read the riot act to around 500 Managing Directors earlier this week, clearly angry that details of the firm's bonus plans have been leaked to the media.
The Financial Services Authority (FSA) has banned and fined Nabeel Naqui, the former Head of the Credit Products Group (CPG) Europe and Asia Pacific at Toronto Dominion Bank (Toronto Dominion), £750,000 for deliberately mismarking his trading positions and misleading fellow staff to conceal his losses over a period of two years.
The City watchdog has hit financial firms with nearly £1.5bn of penalties so far this year – more than three times the record level of fines it levied in 2013.
A former Amazon employee embroiled in a legal battle with the online retailer is set to go on hunger strike in an attempt to force the company to change business practices which he calls “deceptive and fraudulent”.
The Senate has rapped the Federal Reserve on the knuckles for the central bank’s failure to oversee big banks who bullied their way into dominant positions in commodities like copper and aluminum.