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The bonus boys and girls look set to make a comeback in the City of London. Morgan Stanley has become the latest US bank operating in the capital's financial sector [...]

Byline: Ann Crotty Banks paid out hefty bonuses, though performance targets were not met So much for solidarity and the rather fanciful notion that the Covid pandemic was something of [...]

Sometimes politics is painted in primary colours, and a splash of an unexpectedly bright shade catches the voter's eye. Keir Starmer and Rachel Reeves's refusal to reimpose a cap on [...]

Shadow chancellor Rachel Reeves sparked a Labour backlash after saying the party will not scrap former Tory prime minister Liz Truss's decision to lift the cap on bankers' bonuses. Ms [...]

Byline: By, Lizzy Buchan Labour would not reinstate the cap on bankers' bonuses -despite slamming the Tories for allowing millionaire City workers to claim bumper payouts just three months ago. [...]

The Central Bank Executive Officers' Union (CBEOU) issued a press release today to clarify the facts surrounding the recent salary revision for Central Bank employees. The statement comes amidst public [...]

Byline: Kalyeena Makortoff Banking correspondent The Trades Union Congress has accused the Tory government of promoting a 'greed is good' culture among bankers, who it said would be able to [...]

This week, the UK officially scrapped the 'bankers' bonus cap' following a joint consultation by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA)1. In reality, this is [...]

M2 EQUITYBITES-December 11, 2023--Removal of UK bankers' bonus cap not expected to lead to lavish payouts (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Global Banking News - 11 December 2023 The lifting of [...]

BANKING AND CREDIT NEWS-December 11, 2023--Removal of UK bankers' bonus cap not expected to lead to lavish payouts (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Global Banking News - 11 December 2023 The [...]

When a Chinese woman flaunted her banker husband’s 80,000 yuan (HK$90,832) a month salary on social media last year, she quickly drew public ire towards the financial elite and the [...]

Byline: Jeff Stein and Daniel Gilbert The 44-page PowerPoint presentation to federal banking regulators was clear and direct: Letting companies pay their chief executives in stock that the CEOs could [...]

WASHINGTON -- The following information was released by the office of Arizona Senator Kyrsten Sinema: Bipartisan RECOUP Act increases penalties against bad actors and requires Federal Reserve to change its [...]

U.S. Senator Bob Menendez (D-N.J.) joined with Sens. Elizabeth Warren (D-Mass.), J.D. Vance (R-Ohio), Mark Warner (D-Va.), Chris Van Hollen (D-Md.), Catherine Cortez Masto (D-Nev.), Tina Smith (D-Minn.), Raphael Warnock [...]

Byline: Rupert Neate Wealth correspondent Bankers' pay has risen more than three times as fast as nurses' pay since the 2008 financial crisis, according to an analysis by the TUC, [...]

There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses. The luxury travel bookings will be [...]

In an effort to improve accountability at big banks and ensure managers of failed banks dont profit from their mismanagement and negligence, U.S. Senators Jack Reed (D-RI) and Chuck Grassley [...]

Equity Group CEO James Mwangi and his NCBA counterpart John Gachora earned a combined Sh362.37 million last year on increased salary and bonuses, signalling increased pay for top executives in [...]

WASHINGTON, D.C. -- The following information was released by Massachusetts Senator Elizabeth Warren: Failed Bank Executives Clawback Act Gives FDIC Authority to Hold Executives of Failed Banks Responsible for Imposing [...]

WASHINGTON -- The following information was released by Virginia Senator Mark Warner: Following the collapse of Silicon Valley Bank, U.S. Sen. Mark R. Warner (D-VA), a member of the Senate [...]

WASHINGTON -- The following information was released by Connecticut Senator Richard Blumenthal: [HARTFORD, CT] ùU.S. Senator Richard Blumenthal today joined U.S. Reps. Adam Schiff (D-CA) and Mike Levin (D-CA) to [...]

Byline: By, Dan Bloom Wealthy bankers will get to keep their bumper bonuses despite Historic Budget U-turn IN FULL -all Jeremy Hunt's tax announcements at a glance it emerged today. [...]

Byline: Rupert Neate Wealth correspondent Bankers' bonuses have doubled since the 2008 financial crash, according to research by the TUC, which accuses the government of enriching City financiers while 'holding [...]

Byline: Kalyeena Makortoff Banking correspondent When City of London executives were summoned to No 11 Downing Street earlier this month, they were promised reforms that would boost growth, attract talented [...]

Byline: By, Dan Bloom Kwasi Kwarteng will on Friday deliver a £30billion tax-cutting mini-Budget that helps the rich -despite warnings it's a 'gamble at best'. The Chancellor will deliver on [...]

Byline: By, Dan Bloom & Aaron Morris Kwasi Kwarteng will tomorrow deliver a £30billion tax-cutting mini-budget which helps the rich and puts strain on the poor -despite warnings that it's [...]

Byline: By, William Morgan The British economy is in crisis and heading towards a recession, households up and down the country are being forced to cut back on spending with [...]

Byline: By, Zoe Delaney Good Morning Britain viewers were left fuming this morning [September 16], thanks to a heated debate about bankers' bonuses. Former MEP Ben Habib and Bank of [...]

Byline: Larry Elliott The timing is, to say the least, curious. Britain is facing its biggest cost of living crisis in decades. Workers are angry about crashing living standards. And [...]

Byline: By, Jonathon Crump The cap on bankers' bonuses is set to be lifted by newly installed Chancellor of the Exchequer Kwasi Kwarteng, according to widespread reports. The move would [...]

Byline: By, Sam Blewett & Hannah Cottrell London City bankers could have the cap on their huge bonuses scrapped under the Chancellor's new plans to shake-up the City. Kwasi Kwarteng [...]

Byline: Editorial In the Conservative manifesto of 2019, there is not a single suggestion that the party would abolish the cap on bankers' bonuses that was introduced after the 2008 [...]

Byline: Kalyeena Makortoff Banking correspondent The focus is back on banker pay after it emerged that the chancellor, Kwasi Kwarteng, is considering scrapping the City bonus cap as part of [...]

Byline: By, Whelan Barzey A City banker who was left 'infuriated' by 'only' receiving a bonus of £300,000 by his bosses has lost an unfair dismissal case. Fabio Filippi, who [...]

Byline: Kalyeena Makortoff Banking correspondent HSBC has slashed banker bonuses and pledged to restore dividends to pre-pandemic levels, as the London-headquartered bank attempts to appease investors, including the top shareholder [...]

Byline: Rupert Neate Victims of one of Britain's biggest banking frauds will each be offered £3m compensation packages, according to a source familiar with the proposed deal expected to be [...]

Bankers in New York City's securities industry got an average bonus of $257,500 last year, the state's comptroller estimated. Bankers racked up their highest bonuses ever in New York last [...]

Introduction A plan to remove the cap on bankers' bonuses is amongst a few mini-budget policies to remain after most measures were reversed by Jeremy Hunt, the new Chancellor of [...]