Swiss newspaper SonntagsZeitung reported Sunday that Finma, the Swiss financial market regulator, is looking to introduce a bonus system for all Swiss banks which will involve pay cuts for bankers judged to have put in poor performances.
The Financial Times (FT) reports that UK institutional broker Execution has drawn up a plan to increase headcount from 120 to 300 as it bids to triple revenues to $242m by 2011.
Here's a note of our most popular Life stories in May:
The latest instalment from Amazing Grace, the former Lehman Brothers fixed income salesperson who went on to become an exotic dancer (and more), is now available online. Scroll down for Episode 5.
14 traders, bankers, brokers and and other financial markets professionals from London have been in training for the last three months, getting ready to take on black cab drivers, producers, and tree surgeons in the boxing ring.
Here's a selection of reader comments on the recent article authored by Ceedy Girl.
Bloomberg reports that, according to a new report issued by US compensation consultants Johnson Associates, 2009 investment banking bonuses are likely to increase by as much as 25% on last year. Bonuses paid to employees working in the asset management industry are thought likely to see further declines this year, however, possibly by as much as 35%.
When I got laid-off over a year ago, I was devastated. Unlike many others in my firm, I hadn't lost my job before and, in fact, was one of those people who really did believe that I was irreplaceable (How naive was that ?).
Here's a few of the best of the reader contributions we have run this year.
With Bank of America and Citi now said to be joining the likes of Morgan Stanley and UBS, and looking at sanctioning base pay increases for senior staff, the pressure is now on other firms to follow or possibly lose key employees to rivals.
JP Morgan reached a $5.1bn (£3.2bn) settlement with the US mortgage company regulator on Friday as the bank continues to negotiate with the justice department over what is expected to be an even larger fine related to bond sales.
There's nothing like a big scandal.
Our Highly Placed Professional spills the beans on life in the good old days.