Swiss financial watchdog wants to examine clawing back bankers’ bonuses
ZURICH (Reuters) – Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall of Credit Suisse and sale to UBS.…
Exclusive-Goldman Sachs discusses bigger bonuses for top traders, dealmakers -sources
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs bosses are considering fatter bonuses to retain star traders and dealmakers this year as the bank looks to win over…
Hollywood actors win streaming bonuses under new contract
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Streaming services will pay bonuses of roughly $40 million per year as part of the tentative labor agreement reached between the SAG-AFTRA actors…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said…
US banker bonuses to sink as much as 25% on sluggish deals -consultant
By Lananh Nguyen NEW YORK (Reuters) – U.S. investment bankers who advise companies on deals can expect their bonuses to sink 20% to 25% this year as markets stay subdued, according to…
Air Force Shells Out Huge Bonuses To Keep Pilots Amid Severe Personnel Shortage
Air Force Shells Out Huge Bonuses To Keep Pilots Amid Severe Personnel Shortage Micaela Burrow on June 6, 2023 The U.S. Air Force is issuing $50,000 bonuses to experienced pilots who opt…
Credit Suisse managers’ 2022 bonuses cancelled or cut by Swiss government
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministry. The order…
FBI Used Cash Bonuses To Encourage Agents To Wiretap More Americans, Whistleblower Says
FBI Used Cash Bonuses To Encourage Agents To Wiretap More Americans, Whistleblower Says Laurel Duggan on May 18, 2023 The FBI’s bonus structure encourages agents to arbitrarily use law enforcement tools including…
Exclusive-Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric -sources
HONG KONG/SHANGHAI (Reuters) – Dealmakers at China International Capital Corp (CICC) will see bonuses slashed by as much as 40%, three sources said, in one of the financial sector’s biggest cuts in…
First Republic Bank executives to forego annual bonuses for 2023
(Reuters) – First Republic Bank said on Wednesday all its executive officers have decided to take no annual bonuses for 2023, and founder and Executive Chair Jim Herbert will draw no salary…
Oil CEOs See Massive Bonuses Amid Record Profits
Oil CEOs See Massive Bonuses Amid Record Profits John Hugh DeMastri on March 10, 2023 The pay packages for the chief executives of British oil giants BP and Shell skyrocketed in 2022…
South Korea looking into bonuses at insurers, card firms – Yonhap
SEOUL (Reuters) – South Korea’s financial regulator is looking into bonus schemes at major insurance and credit card companies as the government calls for firms with strong profits to help poor people,…
Southwest Airlines COO says executive bonuses will be lowered
WASHINGTON (Reuters) – Southwest Airlines Chief Operating Officer Andrew Watterson said on Thursday the company will cut executive bonuses following the carrier’s high-profile operational meltdown in late December that left thousands of…
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT John Hugh DeMastri on December 16, 2022 Goldman Sachs is planning to cut thousands of employees and potentially eliminate bonuses…
Ukraine to increase bonuses for staff at nuclear plant who remain loyal
By Dan Peleschuk KYIV (Reuters) – Ukrainian atomic energy agency Energoatom said on Wednesday it would offer higher bonuses to staff at the Russian-occupied Zaporizhzhia nuclear power station who remain loyal to…
Goldman Sachs plans to cut bonuses for senior employees – report
(Reuters) – Goldman Sachs Group’s bonus pool for senior employees is expected to shrink by as much as half, news platform Semafor reported on Thursday, citing people familiar with the matter. The…
JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law…
Wall Street bonuses to plunge as much as 45% for bankers – study
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Wall Street investment bankers can expect much smaller bonuses this year as the economy slows, according to projections published on Tuesday by…
Mastercard to link all employee bonuses to ESG goals
(Reuters) – Payment processor Mastercard Inc will link all employee bonuses to environmental, social and corporate-governance (ESG)initiatives, expanding an earlier program which was limited to its senior executives, Chief Executive Michael Miebach…
Goldman Sachs seeks return of bonuses from bankers for jumping ship – Bloomberg News
-Goldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank is…
Japan’s firms see one-time bonuses, not permanent increases, lifting pay
By Tetsushi Kajimoto TOKYO – More than two-thirds of Japanese firms don’t plan to raise base salaries at this year’s labour talks, a Reuters poll showed, with pay increases more likely to…
Governor Ron DeSantis Proposes Sweeping Pay Increases for State Law Enforcement Officers, $1,000 Bonuses for First Responders and $5,000 to Support State and Local Level Recruitment Efforts
ORLANDO, Fla. – Today, Governor Ron DeSantis announced $400 million in new funding proposals to increase the salaries of Florida’s state law enforcement officers, correctional officers, and state special risk firefighters, and…
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