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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.




Nomura bankers depart to rivals

Four Nomura investment bankers, each managing directors covering major industries, were among 17 employees who left voluntarily since the bank cut pay and personnel in the Americas, according to people with knowledge of the moves.