Enormous bonuses ?
Bank of America has hired Mark Cabana from the Federal Reserve Bank of New York to head U.S. short rates strategy, according to a company memo obtained by Bloomberg.
Benjamin Solomon, Deutsche Bank’s former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.
As Lloyd Blankfein embarks on a battle with lymphoma, investors and colleagues are taking comfort in his resilience, the recent example of Jamie Dimon and Goldman Sachs’s roster of veteran leaders.
The shortlist for the 2015 European Diversity Awards has been announced and paved the way for a big business battle at the glittering awards ceremony at London's Natural History Museum next Wednesday (30th September).
The Anglo-Australian mining company said in its annual report that Andrew Mackenzie was paid $4.6m (£3m) last year, down from $8m the previous year.
Volkswagen has admitted that 11 million of its cars worldwide were designed to cheat emissions testing, in an escalating scandal that has loaded pressure on the wider motor industry.
Bank of America shareholders voted down the splitting of the chairman and CEO positions on Tuesday, which are held by Brian Moynihan.
Paul Richards, a former executive at Bank of America, is the latest senior ex-banker to start a financial technology company, with a focus on cash savings for wealthy clients.
Inflation remained at 0.3% in May after a rise in transport costs and hotel bills was offset by the falling cost of clothes and food.
The Financial Conduct Authority (FCA) can chalk up another win, after Damian Clarke, a former equities trader at Schroders Investment Management, was today sentenced to two years jail for insider trading.