BANKER BONUSES REGULATION
Swiss financial regulator says it will focus 'very strongly' on UBS: Report
Switzerland's Financial Market Supervisory Authority (FINMA) is focusing strongly on UBS following its takeover of Credit Suisse. FINMA has reorganized and increased the UBS team to around 60 people, focusing on high-risk areas. The enlarged UBS, with a balance sheet of over $1.6 trillion, has raised concerns about its dominant position in Switzerland and potential influence on future banking regulation.
Britain abandons decade old restriction on banker bonuses
The United Kingdom's post-Brexit financial landscape undergoes a shift as it abandons a decade-old EU-imposed bonus restriction on bankers, prompting a sharp divide in reactions from labor unions and regulators alike.
Credit Suisse collapse: How some frauds are made out to be more respectable than others
In the past few years, this bank has been caught doing everything that a bank should not be doing. Credit Suisse was a ridiculously badly (and fraudulently) run bank, and hardly anyone in the world of banking and business did not know it.
Suits & Sayings: Top banker rolls out the Qatar WF red carpet to woo blue-chip clients; founders go Cartier-shopping; former auto moghul‘s ‘artistic‘ foray
Here's a roundup of the wackiest gossips in corporate corridors & policy parlours.
BofA divided as bankers cry foul over special bonus treatment
Initially, the bank planned to apply the new pay structure broadly. But veterans in investment banking and trading revolted upon hearing they’d have to stay through 2024 to reap bonuses for 2020, and management agreed to exempt them.
Deutsche Bank considers cutting bonus pool by as much as 20%
Germany’s largest lender may reduce discretionary compensation by as much as 20%, outpacing a 5% decline in the bank’s workforce this year, according to people with knowledge of the matter. Sewing and the board still haven’t made a final decision since the fourth quarter isn’t yet over, the people said.
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A banker reveals the bonus culture behind a $220 billion scandal
The scandal has decimated the bank’s market value, with the share price dropping almost 50% in 2018.
RBI makes Chanda Kochhar, Shikha Sharma, Aditya Puri wait for their bonuses
Long considered healthier than their state-run peers, private banks have had a tough time over the past year, plagued by revelations of hidden bad loans.
From a $126 million bonus to jail: The fall of a star trader
This former banker pleaded guilty to conspiring to rig the interest-rate benchmark -- Euribor.
Demise of Libor: A global trend that many overlook
Libor was introduced in 1986 as a measure of wholesale interbank lending rates.
Did you know? - Banker bonuses: Rewarding greed and excessive risk
Banker bonuses were cast as one of the root causes of the 2008 global financial crisis, the heart of an incentive system that rewarded greed and excessive risk.
NSE to pay 795% dividend, bonus
NSE is in the process of listing its shares in India and is preparing the ground to file the draft prospectus for its IPO with Sebi by January
NSE gets board nod to launch IPO via OFS, clears bonus shares
The exchange has been facing pressure from its existing shareholders to go public. It had also formed a listing committee to expedite the process.
Has Wall Street been tamed? Fines, job cuts and anger take toll
Wall Street has long prided itself as a hotbed of innovation, today it’s ensnared in a web of rules to prevent bankers from once again threatening the world.
European Banking Authority issues final guidelines on banker bonuses
The EBA has elaborated that some waivers could be introduced under specific criteria, but only for payouts in instruments and for small, "non-complex" institutions.
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 staff.
Bankers still subject of anger: Anshu Jain
Anshu Jain says telling people he works in banking is a conversation-killer, as the industry fails to convince the general public that it’s changing.
Sunday ET: Barclays scandal: Should bankers take lessons from mafia?
May be bankers should take lessons from the mafia. The godfathers went after profits, too. But they were much more disciplined.
Selling the banker's job to a B-school graduate
Today, many kids who major in finance are happy if they join a team that spends its time trying to control risks for the bank.
Investment bankers' bonus payouts shrink; top-level exits to blame
India's bulge-bracket deal makers in the investment banking business have faced the heat and seen flux in the past few months even as lesser number of them were among those who received top bonuses in Asia Pacific this year.
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, two people with knowledge of the situation said.
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. Europe's bankers should enjoy the bonus season. It may be the last.
Europe imposes caps on banker bonuses
The European Parliament sounded the death knell for unrestricted bonuses for some bankers and traders in Europe on Wednesday when it approved limits due to come into force in January.
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 next year.
Foreign investors' stake buy plan in unlisted cos may hit price bar
Many foreign investors eyeing stakes in closely held Indian firms as well as those looking to convert millions of dollars worth securities they bought a few years ago may face a price hurdle.
Reining in rogue bonuses
The time may have come to regulate and monitor executive pay in banks.
World's Big 3 i-bankers plan record $30-bn bonus
Goldman Sachs Group, Morgan Stanley and JPMorgan Chase’s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.
London bankers' bonuses set to plunge
Bonuses at London's banks will plunge nearly 60 per cent this year, a leading economic consultancy predicted on Thursday.
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