One-Third of Wall Street Workers Expect Bigger Bonus This Year (Bloomberg)
About 36 percent of the 1,074 people who responded to an e-mailed poll by eFinancialCareers.com said they are anticipating a bigger annual payout from their companies and 11 percent said it will jump by at least half. Oh, and FYI: "This finding may rile regulators who have concluded that compensation arrangements often created incentives for risk- taking with insufficient regard to longer-term risks," the company said in the statement.
Pay Czar Targets Salary Cuts (WSJ)
It's not clear what portion of an employee's salary will be diverted to stock but a person familiar with the matter said that in some cases it could be more than 50%.
Wall Street Cedes To Bay Street As Canada Banks 'Play Offense' (Bloomberg)
"The profile of the Canadian banks on the global scale has been heightened exponentially over the course of the last year," said Rose Baker, a managing partner in Toronto with executive recruitment firm Heidrick & Struggles International Inc. "They look more powerful and are able to attract talent that was historically not available to them."
Société Générale plans €4.8bn capital-raising (FT)
The frogs: they're just like us. They want the government out of their business. (SocGen said it would use the money to repay the government's €3.4bn capital aid, of which half is in the form of preference shares and the rest a subordinated loan.)
Saudi Bank Governor Denies Talks to Replace Dollar (Bloomberg)
The Independentreport is "absolutely incorrect" and there has been "absolutely nothing" of that nature discussed between Saudi Arabia and other countries, Saudi Central Bank Governor Muhammad al-Jasser told reporters in Istanbul.
JPMorgan, Goldman Give Profit 'a Pulse' After Record 2-Year Drop (Bloomberg)
Get this: the banks may make a lot of money this quarter, perhaps even record-breakingly so.
JPMorgan U.S. private bank to add jobs (Reuters)
Catherine Keating said the unit will expand its private banker force by 10 percent in the coming months as they move to invest in "people."
Former Boeing Executive Guilty in Swiss Tax Scheme (Reuters)
Roberto Cittadini pleaded guilty on Monday to hiding nearly $2 million in UBS in Switzerland, just like a billion other people, except Bobby might possibly actually be punished, facing up to three years in jail, a fine of up to $250,000 and a civil penalty equal to 50 percent of the highest account balance between 2001 and 2007