Bonus | Compliancex

Number of newly-minted millionaires at Europe’s big banks is shrinking

admin Banker, Banks, Bonus, Bonus Pool, Broker, compliancex March 26, 2017

The number of employees earning more than a million euros or pounds at Europe’s biggest banks fell sharply last year, another sign of the clout they have lost to U.S. rivals since the financial crisis. Early indications from four big European institutions show that ...Read More

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Nobody panic—Wall Street bonuses may be down about 10% this year

admin Bonus, Bonus Pool, Wall Street in the News December 18, 2016

By Turney Duff | @turneyduff It’s that time of year again on Wall Street … bonus season! Even though it was a good year for the stock market, it’s not all champagne wishes and caviar dreams. Last year the average bonus in the industry ...Read More

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CFTC Announces Whistleblower Award of More Than $10 Million

The Compliance Exchange Bonus, Compliance, compliancex, Whistleblower April 12, 2016

The U.S. Commodity Futures Trading Commission (CFTC) today announced an award of more than $10 million to a whistleblower who provided key original information that led to a successful CFTC enforcement action. The award is the largest made by the CFTC’s Whistleblower Program to ...Read More

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Libor trial: ex-Barclays staff earned big bonuses, court hears

The Compliance Exchange Barclays, Bonus, Wall Street in the News April 7, 2016

A group of former Barclays bank employees accused of conspiring to rig Libor interest rates were paid big bonuses and offered each other wine and coffee in return for favourable rates, a court has heard. Jonathan James Mathew, Stylianos Contogoulas, Jay Vijay Merchant, Alex ...Read More

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These European firms have reduced investment banking bonus pots by a third since 2009

The Compliance Exchange Bonus, Wall Street in the News April 1, 2016

Four of Europe’s major investment banks have reduced their bonus awards by a third since 2009, but deferred bonus payouts, which came in after the financial crisis, are on the wane, Barclays research analysts said in a note on Thursday. Bonus awards at Credit ...Read More

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These firms are paying a bigger slice of bonuses in cash

The Compliance Exchange A Homepage Slider, Banks, Bonus, Compliance, Wall Street in the News March 31, 2016

Employees at the biggest European firms will get a bigger piece of their 2015 bonuses in upfront cash. Some will have to wait even longer than before to get the whole amount. Lenders including Credit Suisse Group AG and UBS Group AG are deferring ...Read More

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These banks awarded the best bonuses this year

The Compliance Exchange Banker, Banks, Bonus March 14, 2016

Looking for a job in banking? You could do a lot worse than heading to Citigroup, which awarded the biggest rise in bonuses this year, according to new research. In fact, Citi was the only bank to increase bonuses for mid-ranking managers, according to salary ...Read More

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UBS and Deutsche Bank Lose British Tax Case on Bonuses

The Compliance Exchange Bonus, Taxes, Wall Street in the News March 10, 2016

Britain’s highest court has found that UBS and Deutsche Bank must pay tax on shares awarded to employees as bonuses more than a decade ago that British tax authorities said were intended to avoid taxes. The two cases before the Supreme Court of Britain revolved ...Read More

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Why $146,200 is a terrible bonus for Wall Street

The Compliance Exchange Bonus, Wall Street in the News March 8, 2016

Wall Street is getting stingier with bonuses. The average bonus tumbled by 9 percent to $146,200 last year, according to data released by the New York State Comptroller’s Office Monday. Bonuses are still much bigger than they were during the financial crisis, but smaller than they ...Read More

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Credit Suisse slashed the bonus pool for traders

The Compliance Exchange Bonus, Credit Suisse, Wall Street in the News February 5, 2016

Credit Suisse on Thursday reported its first annual loss since 2008. On a call after the announcement, CEO Tidjane Thiam said the firm would cut bonuses by 36% in the global markets — or sales and trading — division, according to the Financial Times. ...Read More

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