Testimony by Henry M. Paulson Before the House Committee on Oversight and Government Reform
Here's the text of President Obama's State of the Union address.
Reuters reports that Cantor Fitzgerald CEO Howard Lutnick has been talking whilst at Davos about the opportunities for firms like his to clean up recruitment-wise by taking advantage of the concerns many employees now have working for a large US firm.
We're a little late with this one, as these awards were announced at the beginning of January.
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Here's an outside perspective on banker bonuses:
They've called it the $30bn speech - that's the value wiped off shares in top US companies in the minutes after President Obama announced on Thursday that he was to introduce measures to reduce the size of financial institutions and limit their ability to take on risk.
Bloomberg reports that, according to documents obtained by US lawmakers, Goldman Sachs 'was the most aggressive bank counterparty to AIG before its bailout, demanding more collateral while assigning lower values to real estate assets backed by the insurer'.
The Times reports that Goldman Sachs is capping compensation for its 100 London-based Managing Director Partners at £1m ($1.6m). Many other less senior bankers, however, will be paid out in excess of this amount. Under FSA guidelines, a minimum of 60% of bonuses over $1.6m will need to be paid out in deferred equity.
The Wall Street Journal reports that John Havens, who runs Citi's investment banking unit, was the company's highest-paid employee last year - bagging $9m, primarily in restricted stock.