Archive for pay

Fight that could put paid to Wall Street’s 100m men

When Andrew Hall donated 2300 £1380 to Barack Obama’s “victory fund” on October 13 last year the 58yearold banker probably didn’t think much of it. The money – the maximum permitted donation by an individual under US federal election laws – though no doubt well intended was a drop in the ocean for the Britishborn oil trader.

Wall Street banks on state aid pay out million dollar bonuses

Wall Street banks Citigroup and Merrill Lynch paid 1400 staff bonuses of 1m or more each despite being kept afloat by US government money.

Citi trader Andrew Hall fights for 100m bonus

A trader at Citigroup is pushing the troubled US bank to pay out a compensation package of up to 100m.

FSA ‘Dear CEO letter’ warns banks over longterm quaranteed bonuses

The Financial Services Authority the City regulator has told banks that offering staff guaranteed bonuses which run for more than a year are likely to breach new rules to be introduced on pay.

FSA demands company pay reports by October

The Financial Services Authority has written to the companies it regulates warning them that new rules over pay will be introduced imminently.

Banks should publish details of staff earning over £200000 says Vince Cable

British banks should disclose names and salaries to improve transparency in the financial system says Lib Dems’ Vince Cable.

Top Barclays dealmaker quits for new venture

Roger Jenkins the executive who secured billions of pounds in overseas funding to help Barclays remain free from direct Government investment last year is poised to leave the bank.

Top Barclays dealmaker quits for new venture

Roger Jenkins the executive who secured billions of pounds in overseas funding to help Barclays remain free from direct Government investment last year is poised to leave the bank.

There’s more to regulation than an iron fist

Companies fear that recommendations on corporate governance will judge them by the banks’ low standards.

Nicola Horlick given 20pc pay rise at troubled Bramdean

Nicola Horlick’s asset management company received a 20pc pay increase last year from Bramdean the troubled alternatives fund despite losing millions of investors’ cash with US fraudster Bernard Madoff.

Next Page »