bonuses

  • 13 Jan 2014 at 4:31 PM

Bonus Watch ’14: Everyone

Pay predictions for Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, RBS, UBS. Read more »

  • 03 Jan 2014 at 9:37 AM

Bonus Watch ’14: Phil Falcone

Industry ban, shmidunstry ban! Big Phil’s gonna get paid. Read more »

  • 20 Dec 2013 at 3:23 PM

Bonus Watch ’13: Jefferies

Last year, a li’l investment bank that could called Jefferies paid out bonuses comprised entirely of cash. This proved pretty popular, so this year, CEO Dick Handler has decided to do it again. Read more »

  • 13 Dec 2013 at 3:14 PM

Bonus Watch ’13: No Bonus Caps For You!

If you are a banker in Europe who makes less than 1 million euros and also aren’t in a position to burn the place down. Read more »

Bernard Madoff’s former computer programmers asked for payment in diamonds to continue aiding the con man’s $17 billion Ponzi scheme in 2006 after they became uncomfortable with their role, a jury was told. The “crazy” request from Jerome O’Hara and George Perez was turned down and the men were given salary increases and bonuses, Frank DiPascali, Madoff’s former finance chief, testified today in Manhattan federal court in the trial of the men and three other ex-colleagues. “Where the hell am I gonna get a bag of diamonds?” said DiPascali, who pleaded guilty in the case and is testifying in a bid for a lighter sentence. The programmers, who said they were “in a bit of a pickle,” agreed on a “fairly substantial percentage increase” to their salaries, he said. [Bloomberg]

  • 02 Dec 2013 at 2:58 PM
  • Banks

Bonus Watch ’13: A League Table That Citigroup Is On Top Of

The House of Corbat was the place to be on Friday in London. Read more »

  • 27 Nov 2013 at 12:50 PM

Bonus Watch 2015: The Netherlands

The Netherlands wants to introduce legislation that will cap bankers’ bonuses at 20% of their annual salary, a move that could lead to Dutch bankers facing one of the most stringent pay curbs in Europe amid public anger about compensation. Dutch Finance Minister Jeroen Dijsselbloem said Tuesday that the bonus cap should help curtail excessive risk-taking and avoid future taxpayer bailouts. Banks will also be forced to limit severance pay and claw back bonuses when employees have violated professional standards or are responsible for hefty losses, he said in a letter sent to Dutch parliament. The proposal goes a step further than in many other European countries, where policy makers are scrambling to address ongoing public criticism over generous corporate pay packages, especially for bankers. Mr. Dijsselbloem said the EU rules “don’t go far enough” and that he wants to introduce legislation to establish the “strictest bonus policy in Europe.” The new rules are planned to come into effect Jan. 1 2015, and still require parliamentary approval. They will apply to all employees in the Dutch financial sector, including those working for foreign branches of Netherlands-based banks and insurers. [WSJ]