The fact that Royal Bank of Scotland has agreed to (or been forced to) limit cash bonuses to those staff who earn £39,000 or less this year, has got a lot of people concerned that staff will leave in droves for compensation pastures new.
The New York Times reports that UBS has been fined $13.3m by UK securities regulator The Financial Services Authority (FSA) for some dodgy goings on over at its wealth management arm in London.
This is no ordinary chain letter. Reading and acting on this could save you a lot of time, inconvenience and much embarrassment. Ignoring this e-mail could ruin your career.
Bob Kelly, the Chairman & CEO of Bank of New York Mellon was so keen to distance himself from the suggestion that he might be interested in the vacant CEO position over at Bank of America, that he wrote to his Operating Committee to tell the members that he remains in love with his current job.
A few readers have commented on the fact that the shortlist of candidates being mentioned in connection with the Bank of America CEO vacancy is heavy male-biased - only one candidate out of around 30 possibilities.
Now that former Goldman chairman and co-CEO Jon Corzine has lost his bid for re-election as Democratic Governor of New Jersey, speculation is mounting about what the 62-year-old might do next.
Bloomberg reports that Barclays CEO John Varley told an audience in 'packed pews' at St Martin-in-the-Fields church in London Tuesday that 'profit is not satanic'.
With all this talk about bonuses still in the air, attention has understandably turned to Goldman Sachs and what kind of payouts staff there can expect this year-end.
We asked bankers what they thought about bonus payments this year. Over 2,700 took part in our quick poll.
Activist Bank of America shareholder Finger Interests has written to stockholders and the bank's board, pointing out its view that an outside candidate would be the best bet to take over from departing CEO Ken Lewis.
The devastated family of a JP Morgan executive who plunged to his death from the roof of the bank’s European headquarters in Canary Wharf Tuesday said they were determined to 'get to the truth' about what happened.
It's been a tough week for the markets.
An employee of JP Morgan investment bank who fell to his death from the firm's European headquarters during rush hour in London has been named as 39-year-old Gabriel Magee.