bonus watch

  • 25 Jan 2013 at 4:20 PM

Bonus Watch ’13: Bank Of America

A few details from the House of Moynihan’s IBD bonus communication day, which was said to leave people feeling “glum.” Read more »

  • 23 Jan 2013 at 4:24 PM

Bonus Watch ’13: Credit Suisse

A few details from the House of Dougan’s bonus communication day. Read more »

  • 18 Jan 2013 at 10:52 AM

Bonus Watch ’13: Goldman Sachs

A few details from yesterday’s big day. Read more »

Like Deutsche Bank, management at BARC and CS think shrinking bonuses up to 20 percent sounds like a great idea. Read more »

The Germans might take an ax to bonuses, cutting them by 20 percent, or they might not. According to CEO Anshu Jain, what it may come down to is whether or not other banks will help him out here by getting on board with the proposed reductions, as it would make DB look bad to be the only firm doling out tough love this year. Thanks in advance. Read more »

  • 11 Jan 2013 at 11:11 AM

RBS: Those Libor Fines Don’t Pay For Themselves!

Like many of its peers in the banking world, RBS used to make a habit of manipulating Libor (among other things). And, as recent reports suggest, the Royalest Bank of Scotland is probably going to be forced to cough up £300m (and fire a couple execs) to convince the government everyone is very sorry and it won’t happen again. How does the bank, which has not had a money-making quarter since the financial crisis,* plan to come up with the cash? By 1) taking back bonuses that were already paid out to people who were involved in the scandal and 2) reducing everyone‘s bonus this year. Read more »

  • 09 Jan 2013 at 12:01 PM
  • bonuses

Bonus Watch ’13: SAC Capital

Back in December, a bunch of recruiters made the bold claim that following the government’s charges against former portfolio manager Mathew Martoma, SAC Capital employees were, if not giving them the time of day, at least waiting a few seconds longer before hanging up the phone. At another firm, the turn events probably would have been cause for concern that the staff would be abandoning ship in short order.  Since we’re talking about SAC, though, we figured not only would The Big Guy & Co not be concerned about the prospect of mass resignations but would take the opportunity to remind people that this is SAC Capital and at SAC Capital, they don’t receive resignation letters, they only issue pink slips, lest anyone be getting any ideas. So you can imagine our shock and horror to find out this happened: Read more »