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4% bonuses for ethical behaviour

Receading Hedge

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.

JPMorgan cyberattack concerned Obama

Barack Obama

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.

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UBS saw rise in 2015 bonus pool

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.