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Bonuses don't keep pace with record M&A year

Vinyl Record Player

Wall Street's biggest dealmakers will be showered with big bonuses this month but many other bankers face a lean year as executives seek to retain top talent while at the same time try to keep a lid on costs.

'Rogue trader' seeks new trial


Jerome Kerviel sought the suspension of a French trial into whether he is responsible for Societe Generale's $5.3bn trading loss eight years ago until a criminal court rules on the convicted rogue trader’s bid for a retrial.



JPMorgan Chase

People News: Citigroup, JPMorgan

Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.