The Swiss bank, hit in 2011 by a rogue trading scandal and still clawing its way back from a financial crisis bailout, is slashing 2011 investment bank bonuses by 60 percent, a steeper drop than most rivals.
He has left “to pursue other interests,” HSBC said. Lisa Baitup, a London-based spokeswoman for the bank
In an environment of moderate growth, low inflation and deleveraging, EUR high yield short dated bonds offer an attractive risk/return profile in a European market that has matured at a rapid pace over the past several years.
As Barclays reveals its profits Channel 4 News Business Correspondent Sarah Smith asks if, in this case, it is time to stop the popular pastime of banker bashing?
Wealthier savers should be stripped of the higher-rate tax relief on pensions, Chief Secretary to the Treasury Danny Alexander suggests, in a move that will increase pressure on George Osborne to make the rich pay more.
The CISI, which represents 40,000 financial services practitioners worldwide working in the securities and investment sector, published its policy on bonuses in 2008.
The recently renamed Irish Bank Resolution Corporation, which includes the assets of Anglo and Irish Nationwide, yesterday announced that it was entering exclusive talks with Dublin-based Key Capital on the deal.
The survey also highlights the success of RBC Wealth Management's Global Trust business. RBC ranked number one for Trust Services in Cayman and Jersey, and ranked in the top ten for Trust Services globally. This success follows a series of industry a
Credit Suisse Group reports 2011 net income attributable to shareholders of CHF 1,953 million, Core Results pre-tax income of CHF 2,749 million, return on equity of 6.0%, underlying return on equity of 7.3%