Bonuses for Britain's bankers and insurance workers rose at double the pace of those for the total workforce last year, despite politicians' and regulators' attempts to clamp down on bumper payouts at financial firms.
A new report on the hedge funds industry underscores just how big it is: $2.6 trillion in 11,000 funds.
Goldman Sachs, JPMorgan Chase, Glencore and other firms won dismissal of lawsuits accusing them of restricting aluminum supplies in a conspiracy to drive up prices.
Sam Sung, a former specialist at Apple stores in Canada, auctioned off his viral business card on eBay to help benefit The Children's Wish Foundation.
Malaysia Airlines is to slash its staff numbers by a third, cutting 6,000 jobs, after the airline suffered the two worst disasters in modern aviation only five months apart.
Fears that the eurozone could tip into outright deflation have been fanned as the inflation rate in the currency bloc hit a new five-year low of 0.3%.
German employment minister Andrea Nahles is considering new “anti-stress” legislation, banning companies from contacting employees out of hours.
Common Sense Investment Management has poached another Société Générale (Euronext Paris: GLE-FR) executive as it continues to rebuild after the arrest of its founder in a prostitution sting and the loss of most of its clients.
'It would be a good fit'.
Bonuses paid out across the economy rose nearly 5% from last year to more than £40bn, which means they now make up the biggest proportion of workers' pay packages since before the economic downturn.
Nasdaq announced that it will buy International Securities Exchange, an options exchange operator, from Deutsche Boerse on Wednesday.
A former JPMorgan broker who said he stole millions of dollars from customers because his brain was “hijacked” by an addiction to sports gambling was sentenced to five years in prison.
The U.K. Supreme Court ruled that Deutsche Bank and UBS must pay taxes on two banker bonuses plans, saying the firms exploited loopholes to avoid payments in a decision that will affect a number of similar arrangements.