Fins.com reports that the US Securities and Exchange Commision plans to increase headcount by 780 in fiscal year 2011 (612 positions full time).
With financial regulators devoting a great deal of focus on pay and bonus practices globally - and new rules in this area being proposed in the U.S. - a new survey from Deloitte finds that 37% of financial institutions reported that they had completely or substantially incorporated risk management considerations into their overall performance goals and compensation decisions.
Cowen Group, Inc. ('Cowen') and LaBranche & Co Inc. ('LaBranche') have announced a definitive merger agreement under which Cowen will acquire LaBranche, a market-maker in options, exchange- traded funds and futures on various exchanges domestically and internationally.
Asia Pacific Target M&A Up 2%
Macquarie Group has launched a groundbreaking partnership with leading youth disability sports charity, The Lord's Taverners, at its London CityPoint offices by staging a unique table cricket exhibition with young people from the South London Special League.
The New York Times reports that JPMorgan Chase CEO Jamie Dimon has bagged around $17m in stock bonuses for his work in 2010.
That well known financial publication, The UK's Daily Mirror, had some interesting stuff about Barclays Capital bonuses Wednesday.
The Telegraph reports that the latest proposals for banker pay to come out of The Basel Committee on Banking Supervision include the suggestion that banks should provide a performance metric scorecard for employees to justify why they have received the bonus they have.
The U.S. government has urged a federal appeals court not to throw out a former Jefferies Group Managing Director's conviction for defrauding mortgage bond investors after the financial crisis, which the court had warned it might do.
No corner of Wall Street is truly important until Hollywood actors play its heroes and villains. Corporate raiders have 'Wall Street', mortgage-backed securities sparked 'Margin Call', commodities dominate 'Trading Places' and stock brokers star in 'The Wolf of Wall Street'.
U.S. Marshals are selling 50,000 bitcoins that once belonged to Ross William Ulbricht, the man charged with being the pseudonymous founder of the online black market site, Silk Road.