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Barclays, Citi, Goldman, HSBC, Lehman, Morgan Stanley

The Guardian reports that Barclays' plan to pay executives and senior staff bonus awards in 'cocos' (contingent convertible bonds) has hit a snag, as institutional shareholders are said to have expressed concerns that the structure could end up being lucrative for the bankers, but cost investors too much money.

Helping Japan - What Firms Have Done So Far

Earthquake Map

With banks and other financial markets firms in the news more often than not for the wrong reasons these days, the unfolding disaster in Japan brings an opportunity for companies to underline that they really have learned about giving back to society.

Goldman Sacks

Goldman Sacks

OK, we've used this headline before, and technically Goldman hasn't 'fired' anyone (at least not for doing anything wrong), but the company has undertaken its usual firmwide review of its bottom quartile, and 5% of staff (around 1,800) are expected to soon be leaving.

More Compensation News


The Telegraph reports that The Royal Bank of Scotland (RBS) paid out an average of $1.87m to its 323 'code staff' for their work in 2010.



Jamie Dimon

JPMorgan to cut $2.8bn in costs

JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.