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Banker set for $94m payout

Pot Of Gold

Evercore Partners’ executive chairman, John S. Weinberg, could receive as much as $35m in cash awards over five years starting in 2019 as well as about $59m of stock.

Deutsche Bank scraps cash bonuses

Unhappy Face

Deutsche Bank has scrapped its cash bonuses for the year and is looking into tying compensation to share performance, the bank’s CFO said.

Top firm pays up as clients cheated IRS

Tax

Large cash and gold withdrawals were one way Bank Lombard Odier & Co allowed U.S. clients to sever a paper trail on their assets and cheat the Internal Revenue Service, the bank admitted, agreeing to pay $99.8m to avoid prosecution.

Greece, China fears push cash levels to Lehman highs

Pic Cash

After four weeks of extreme volatility in Chinese stock markets and the threat of Greece being pushed out of the euro zone, asset managers took fright and hiked their cash holdings to levels not seen since the collapse of Lehman Brothers.

Rich hoard cash as their wealth hits record high

Dollars

The amount of individuals that hold more than $30 million in assets has climbed to a new record in 2014, according to a global survey on Wednesday, which also warned that a lack of diversification meant that this wealth is not protected from shocks to the financial system.

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Banker set for $94m payout

Evercore Partners’ executive chairman, John S. Weinberg, could receive as much as $35m in cash awards over five years starting in 2019 as well as about $59m of stock.

Unhappy Face

Deutsche Bank scraps cash bonuses

Deutsche Bank has scrapped its cash bonuses for the year and is looking into tying compensation to share performance, the bank’s CFO said.