2009 Bonuses - Bankers To Get More, Asset Managers Less
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
- The Worst Brand Performance In 2009 Is......... (19/09/2009)
- Bruce Wasserstein 1947 - 2009 (15/10/2009)
- The Vic Daniels Column - 19/10/2009 (19/10/2009)
- The Vic Daniels Column - 21/10/2009 (21/10/2009)
- Top Firm May Rein In Bonuses (19/08/2009)
- Banks, Bonuses, Tax & Zen (04/09/2009)
In the meantime, CNBC reports that respected bank analyst Dick Bove has said that he feels that the big US banks are 'definitely out of the woods', and that 'the markets have changed dramatically in a positive fashion'.
And Bank of America said Wednesday that it was 'well on its way' to raising the $35bn in additional capital it needs, hoping to use 'the majority of the proceeds (from a variety of) initiatives to reduce reliance on government support for the company'.
JPMorgan CEO Jamie Dimon is not as bullish about the immediate future, saying that his bank would be 'lucky' if it is able to boost its dividend by the year end. Dimon also warned about credit card losses over at Washington Mutual, which he said could hit 9% in the next quarter.
Bloomberg reports that $4.3bn hedge fund Pequot Capital Management is to close its doors, due to an ongoing insider trading investigation being undertaken by US market regulator the Securities and Exchange Commission in connection with 2001 trading in Microsoft. Firm founder Arthur Samberg said that 'with the situation increasingly untenable for the firm and for me, I have concluded that Pequot can no longer stay in business.
Finally, The Wall Street Journal reports that the Obama Administration is close to recommending to Congress the creation of one single regulator to oversee the whole US banking system. In Europe, however, UK Chancellor Alistair Darling is said to be preparing for a fight with the EU over plans for a super bank regulator.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
