Citigroup awarded co-President Jamie Forese about $13.7m in compensation for 2014, or 4% more than Chief Executive Officer Michael Corbat.
Eugene Gokhvat, a money manager at $15bn BlueCrest Capital Management, is leaving the hedge fund firm run by Michael Platt, according to two people familiar with the matter.
The Daily Mail reports that Rothschild is believed to be considering the move after Ed Balls promised to introduce a windfall tax on bankers’ bonuses in the first year of the next parliament if Labour comes to power.
Two former Barclays stockbrokers can keep nearly $4m in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms.
A trio of cross-border M&A deals announced this week pushed the level of announced cross-border deal making to $138.0 billion for year-to-date 2015, a 20% increase compared to a year ago and the best annual start for cross-border M&A since 2007.
HSBC cut CEO Stuart Gulliver’s compensation by 5.1% to $12m in 2014 as Europe’s largest bank reported weaker-than-estimated full-year profit.
Stress is a feeling we have all felt, yet find difficult to describe.
Bonuses paid out by banks and insurers since the start of the financial crisis are set to top £100bn this year, according to the Robin Hood Tax campaign.
Stuart Gulliver, the HSBC chief executive who has vowed to reform the crisis-hit bank, sheltered millions of pounds in a Swiss account through a Panamanian company and remains tax domiciled in Hong Kong.
Moody's Investors Service downgraded Russia's sovereign debt to junk status on Friday, citing the crisis in Ukraine and the falling price of oil.