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BANKER BONUSES REGULATION
Barclays scraps EU bonus cap for British bankers"The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall Group performance," a spokesperso...
Britain abandons decade old restriction on banker bonusesThe United Kingdom's post-Brexit financial landscape undergoes a shift as it abandons a decade-old EU-imposed bonus restriction on bankers,...
BofA divided as bankers cry foul over special bonus treatmentInitially, the bank planned to apply the new pay structure broadly. But veterans in investment banking and trading revolted upon hearing th...
Did you know? - Banker bonuses: Rewarding greed and excessive riskBanker bonuses were cast as one of the root causes of the 2008 global financial crisis, the heart of an incentive system that rewarded gree...
Banking bosses in UK may face jail: Parliamentary commissionBritain’s banking bosses should face jail if their decisions force fresh bailouts, says a parliamentary commission on banking standards.
Big targets, performance-oriented bonuses force bank executives to use wrong methodsCobrapost alleged that their sting operations showed top three banks - ICICI Bank, HDFC Bank and Axis Bank - facilitate money laundering.
- European Union mulls cut in executive salaries of listed companies
The overall aim is to "return to the principles of a social market economy," the commissioner said. Salary excesses should come to an end.
- EU finance ministers to rein in bankers' bonus
The Finance Ministers of the European Union have reached a basic agreement to rein in bankers' bonus.
- Banks seek ways to mitigate European bonus curb
From paying housing costs to devising "loyalty" payments, banks in Europe are already looking at ways around a cap on bonuses for their top...
- Europe's bank bonus under scrutiny
The European Union's top financial regulator will review this year's bonus awards following criticism of large payouts for bank executives,...
- BoE governor King warns of crisis as problems stay intact
Britain's highly respected central banker has warned that the world could face yet another banking crisis, because "the problem is still th...
- The world could face yet another banking crisis: Mervyn King
At a time when banks are pushing back hard against further regulation and punitive taxes on bonuses, Mr King’s statements has set the cat a...
- Deutsche tops Goldman in banker pay table
German group Deutsche Bank paid its investment bankers over $500,000 each on average last year, topping Goldman Sachs as the highest payer ...
- Splitting banks can break the bonus gridlock
Take one more longing look at that new Ferrari, and one more peek at that brochure for townhouses in Mayfair or chateaus in Provence. Europ...
- New EU rules to limit bankers' bonuses from 2011
Bankers will only be able to get part of their yearly bonuses in cash upfront under new European Union rules that will enter into force nex...
Reining in rogue bonusesThe time may have come to regulate and monitor executive pay in banks.
- Swiss to impose bonus caps only on 12 big banks
Swiss regulators scaled back plans to curtail banker bonuses, saying their proposals would apply only to the country’s 12 largest banks and...
Regulating emoluments with clawsThe Federal Reserve may have the authority, but it is uncertain if it will be able to effectively restrain the salaries of bankers.
Bonus-driven compensation structure triggered crisisEveryone identifies the bonus-driven compensation structure as the driver that brought the world to its economic knees.
- Golden paydays for bankers over: Lawmakers
While governments worldwide have not yet agreed on a solution to fix the current global economic crisis, nearly all agree on the cause of t...