The British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders.
The British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders.
UBS has overhauled compensation for top executives, and the British government looks for ways to cut the overall cost of the bailout.
The Swiss banking giant joined Goldman Sachs in saying that its top executives would get no bonus this year as public scrutiny of bankers’ compensation intensified.
The Swiss banking giant joined Goldman Sachs in saying that its top executives would get no bonus this year as public scrutiny of bankers’ compensation intensified.
The decision, requested by the bank’s executives, is likely to put heavy pressure on Goldman Sachs’s competitors to take similar action.
The first clues are emerging that Wall Street pay will plummet this year — but perhaps not enough to satisfy the financial industry’s critics.
New York’s attorney general expanded his investigation of bonuses to Wall Street executives whose banking companies are receiving cash injections from the federal government.
New York’s attorney general expanded his investigation of bonuses to Wall Street executives whose banking companies are receiving cash injections from the federal government.
It is the latest step in an effort by New York’s attorney general to prevent bonuses and other compensation to former executives at A.I.G.
New York’s attorney general said A.I.G. agreed to suspend payments to executives from a $600 million bonus fund and $19 million to its former chief executive.