Bank of America awarded CEO Brian T. Moynihan $16m for his work last year, raising his potential compensation 23%.
Britain’s banks are vulnerable to a global financial shock despite efforts to shore up their finances, according to the official who led the inquiry into the safety of UK banks following the 2008 crash.
BAE Systems, the maker of the Eurofighter Typhoon and Britain’s nuclear submarines, has named Charles Woodburn as its new chief operating officer, making him the heir apparent to the outgoing chief executive, Ian King.
The US economy is currently stagnating, according to business survey figures released today.
Barclays CCEO Jes Staley has lost $3.2m in the past 101 days as the global rout in bank stocks engulfs his new employer.
It might be time to feel sorry for Britain's bankers.
Britain's four biggest banks are to award bonus payouts worth around $7.2bn in the next few weeks even as the share prices of lenders are being hammered by deepening concerns about economic growth.
Shamed former Royal Bank of Scotland boss Fred Goodwin faces being interrogated by lawyers in a $5.8bn court action brought by angry shareholders.
The Big Apple Circus, whose clowns, acrobats and animals performed free for disadvantaged children and the elderly, has folded the tent that has been perched behind Manhattan’s Lincoln Center each holiday season since 1981.
'They was (sic) firing me. I just beat them to it. Nothing personal'.
A former Fortress Investment Group executive who said he was fired days after undergoing treatment for a degenerative disease settled his lawsuit against the company.