He wants a $10,000 raise for all employees at the firm.
The biggest and fatest-shrinking bonus pots.
Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior.
Fresh evidence is emerging of the spendthrift lifestyle of the directors of the once-mighty Caja Madrid savings bank even as the 300-year-old institution drifted into crisis.
American International Group Inc. (AIG)’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock.
London has more billionaire's per capita than any other country.
Noted stock market bear Albert Edwards is back and as downbeat as ever.
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks as they are on Russian incursions into Ukraine or attacks by the Islamic State.
Completed distressed debt and bankruptcy restructuring activity totalled US$118.9 billion during the first nine months of 2014, a 7.5% increase from the same period last year.
In 1988, Karen Hester took a job as a part-time cleaner at Adnams to earn money while caring for her two children. Now she runs the entire company’s day-to-day operations and will join the Suffolk brewer’s board as its first female executive director in April.
A Barclays analyst who was arrested for allegedly torturing his New York roommate's cat is no longer employed by the bank — and also may face serious new criminal charges, CNBC has learned.
UBS, which cut its securities unit to focus on wealth management, raised its bonus pool by 14% in 2015, leaving it the only major European bank to award bankers higher compensation.
Bank of America Chief Operating Officer Thomas K. Montag was paid less than Chief Executive Officer Brian T. Moynihan last year for the first time. Montag was awarded $15.5m, compared with Moynihan’s $16m.