US President Barack Obama met with around 15 senior banking bosses Friday. Detailed below are some of the remarks made by those present at the meeting:
So, according to Reuters, says Michael Hintze, CEO of hedge fund firm CQS.
Bloomberg reports that Bank of America is considering increasing the base pay of some of its senior investment bankers and traders, as firms move to place less emphasis on bonuses for retention / incentive purposes.
Here's the latest from our Highly-Placed Professional.
Jake DeSantis, an executive vice president of the American International Group’s financial products unit, wrote to Edward M. Liddy, the chief executive of A.I.G, explaining why he was resigning.
Bloomberg reports that Standard Chartered, one of the few firms to have emerged from the financial crisis relatively unscathed, is in hiring mode, and attracting the attention of some of the industry's finest.
Reuters reports that AIG executives in Europe are digging their heels in and are determined not to be 'blackmailed' into returning their retention payouts just because of political pressure in the US to do so.
The Times reports that traders at Royal Bank of Scotland's global markets and commodities trading units (RBS Sempra) are thought likely to quit after a forthcoming review of pay to be undertaken at the now mainly government-owned bank.
The Times reports that the three top executives at GLG Partners, once the biggest hedge fund in Europe, have cut their salaries to $1 for the remainder of the year.
Only the very brave (or the very stupid) admit to being a banker these days.
Londoners struggled to get to work as a two-day subway strike snarled most of the network, leaving commuters to compete for bicycles and bus seats.
Chief executives in some of Europe's biggest banks saw huge gains in their pay packets in 2013, with a number of bosses seeing hikes in excess of 10 percent from the previous year, data compiled exclusively for CNBC reveals.
Boris sees it as a good opportunity but be wary of squatters