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Bank Bonuses

3 Signs You Should Switch Banks in 2017

NerdWallet | Posted 12.22.2016 | Business

By Laura McMullen Ditching your mediocre bank may not be as challenging a New Year's resolution as, say, learning a new language, but it can certainl...

Mark Gongloff

OMG: Truly Clueless Money Saving Advice From Bankers | Mark Gongloff | Posted 03.21.2013 | Business

Hello, average American. If you're anything like me, and why wouldn't you be, then you worry constantly about money. Fortunately for us, eFinancia...

Bad Bonus News For Staffers At This Major Bank

Reuters | Posted 03.15.2013 | Business

* Bonus pool seen falling another 20 percent in 2013 * Credit Suisse in cost-cutting drive ZURICH, Jan 14 (Reuters) - Cr...

Big Bank's New Bonus Scheme Ties Workers To Risky Assets

Reuters | Posted 03.05.2013 | Business

* Investment bankers only ones to get asset bonuses this year * Full details to be announced internally later in January ...

Don't Worry, Bob, You'll Be Fine for Custard Creams

Christina Patterson | Posted 09.10.2012 | World
Christina Patterson

If Bob Diamond wants a new thing to worry about, he might start worrying about this. He doesn't seem too keen on politicians, but he might want to listen to one he would, in a select committee, call "Nick."

The Unfinished Business of the Obama Administration: Bank Reform

David Coates | Posted 08.12.2012 | Business
David Coates

In a very real sense, the important dimensions of effective bank reform have not so much stalled as simply not happened at all.

That Huge Bonus May Actually Make You Screw Up

Posted 05.10.2012 | Business

Don't choke! It's advice we’ve all heard before, but it’s much easier said than done, according to a new study. After a certain threshold, ...

Bankers Win Court Battle To Get $64 Million In Crisis-Era Bonuses

The Huffington Post | Alexander Eichler | Posted 05.09.2012 | Business

It seems like a law of the universe: Water flows downhill, and bankers eventually get their bonuses. A group of 104 London investment bankers won a...

MF Global Execs Could Get Bonuses, Because They Just Deserve It So Much

The Huffington Post | Alexander Eichler | Posted 03.09.2012 | Business

What do you do after your company implodes and customer money goes missing? You collect a bonus, of course. As many as 23 employees at MF Global, t...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012 | Business

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

Big Bank Whistleblower Claims It Cost Him Major Bonus Money

The Huffington Post | Jillian Berman | Posted 02.21.2012 | Business

One banker is claiming that blowing the whistle on his colleagues' inappropriate behavior cost him millions. Edward Williems, a former senior inve...

The Latest Bankers To Hear Bad Bonus News

The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012 | Business

As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...

Morgan Stanley CEO To Disgruntled Workers: 'If You're Really Unhappy, Just Leave'

Posted 03.27.2012 | Business

The CEO of one of the country's largest investment banks has some choice words for any employees upset about the prospect of a smaller paycheck this y...

BofA Investment Bankers Told To Brace For Huge Pay Cut

Posted 01.24.2012 | Business

First it was the layoff announcements. Now it's time for pay cuts. A new type of structural adjustment continues to plague one of America's most i...

Ex-Investment Bankers Sue Over Millions Of Dollars In Unpaid Bonuses

The Huffington Post | Jillian Berman | Posted 01.24.2012 | Business

Investment bankers are banding together to reportedly sue their former employer, claiming the bank owes them tens of millions of dollars in unpaid bon...

Goldman Sachs Employees On Bonus Day: 'It's A Bloodbath'

The Huffington Post | Bonnie Kavoussi | Posted 01.20.2012 | Business

Reports are creeping out that yesterday's bonus day wasn't all fun and games at America's most iconic investment bank. Goldman's profits fell in 2...

Pay For Goldman Sachs Employees Has Little To Do With Performance

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Goldman Sachs isn't likely to garner much public favor when it announces its earnings this week, as forecasts predict that the bank will boost the sha...

Wall Street's Youngest May Be Hit With Pay Freeze This Year

The Huffington Post | Jillian Berman | Posted 01.10.2012 | Business

Some of Wall Street's youngest workers may not be getting the pay raise they expect this year. Credit Suisse will likely stop its practice of auto...

More Than One-Third Of Layoffs At One Big Bank To Hit NYC

Posted 12.27.2011 | Business

More than one-third of job cuts at Morgan Stanley will likely hit workers in New York City. Nearly 600 of the 1,600 job cuts that Morgan Stanley a...

Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012 | Business

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

Wall Street Says It Expects Bonuses To Be Just As Big This Year

The Huffington Post | Jillian Berman | Posted 12.10.2011 | Business

While most Americans aren’t expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professi...

Zach Carter

An Overblown 'Crisis' For State Pension Funds | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 bi...

America's Next Top Scapegoat Winner Announced

Sally Kohn | Posted 05.25.2011 | Comedy
Sally Kohn

Leaders of the culture war have yet to figure out how to reconcile blaming their old nemesis, the gays, for not procreating -- with attacking Latino immigrants for procreating too much.

Ryan Grim

Half Of Bank Pay Could Modify Every Underwater Mortgage | Ryan Grim | Posted 05.25.2011 | Business

Wall Street banks are on pace to pay out some $143 billion in compensation for 2010, just shy of their record year of 2007. But given the widespread l...

Crashing the Economy Shouldn't Pay

George Goehl | Posted 05.25.2011 | Business
George Goehl

This holiday season will be a thin one for tens of millions of American families. Meanwhile the same big banks that sent the economy to its knees are on track for another year of record bonuses.