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The Average Cash Bonus On Wall Street Is Now More Than $164,000

Reuters | Posted 03.12.2014 | Business

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at...

Mark Gongloff

Banker, CEO Pay Largely Responsible For Rising Inequality: Study | Mark Gongloff | Posted 06.21.2013 | Business

In a recent defense of the 1 percent, Harvard economist Greg Mankiw admitted it might be bad if the rich got richer by sucking cash from the economy w...

Mark Gongloff

Bankers Agree They Get Paid Way Too Much: Survey | Mark Gongloff | Posted 06.06.2013 | Business

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But yo...

The Most Overpaid CEOs In North America Are...

The Huffington Post | Mark Gongloff | Posted 05.30.2013 | Business

Lloyd Blankfein is North America's best-paid bank CEO -- and also one of its most overpaid, according to a new report. The bearded Goldman Sachs ch...

Mark Gongloff

Bankers Struggle To Live On $1+ Million Pay: Report | Mark Gongloff | Posted 05.02.2013 | Business

Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don't understand them: T...

Bankers Are A Bit More Like You And Me

The Huffington Post | Bonnie Kavoussi | Posted 03.25.2013 | Business

Being a banker just isn't quite as good as it used to be. The gap between what bank employees make and what other private-sector workers earn is ge...

Federal Reserve Fights To Change Deeply Ingrained Wall Street Habit

Reuters | By Lauren Tara LaCapra | Posted 03.22.2013 | Business

NEW YORK (Reuters) - The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own pr...

CEO's Pay Rises In Face Of Strict New Rules

Reuters | Posted 05.22.2013 | Business

* Pay for Brady Dougan up one third to 7.77 mln Sfr * Robert Shafir is top earner with 10.59 mln Sfr * Chairman Rohner s...

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...

What Wall Streeters Are Willing To Do When You Cut Their Precious Bonuses

The Huffington Post | Harry Bradford | Posted 03.15.2013 | Business

News flash: Apparently some Wall Street workers are only in it for the money. In 2012, 41 percent of Wall Street workers admitted to being ready to...

UBS Paid Its Senior Staff The Same Amount As It Lost Last Year

Posted 03.14.2013 | Business

Looks like UBS has found its magic number. The Swiss banking giant paid its top workers $2.6 billion in bonuses in 2012, according to the Swiss Br...

Bankers In Europe Now Face The Strictest Pay Rules In The World

Reuters | Posted 04.30.2013 | Business

* One-of-a-kind ceiling on bonuses likely to affect London most * To cap bonus at 100% of salary, or 200% if shareholders agree ...

3 Ways Jamie Dimon Put His Foot In His Mouth Today

The Huffington Post | Caroline Fairchild | Posted 02.27.2013 | Business

After careful consideration, we've decided Jamie Dimon may want to rethink some of his statements at JPMorgan Chase Investor Day. At the bank's m...

Goldman Staffers Are Probably Panicking Right Now

Reuters | Posted 03.18.2013 | Business

By Lauren Tara LaCapra Jan 17 (Reuters) - Top executives at Goldman Sachs have been considering deep cuts to staffing levels and pay ...

Wall Street Braces For Bonus Pain

Mark Gongloff | Posted 03.18.2013 | Business
Mark Gongloff

Hey, guys, it's Bonus Week on Wall Street! So why is everybody all sad and anxious?

JPMorgan CEO Jamie Dimon Pushes For Bank To Publicly Shame Him

Mark Gongloff | Posted 03.16.2013 | Business
Mark Gongloff

There are reports out there that Jamie Dimon may have his bonus "docked" because of the London Whale debacle. That sounds like a good start.

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...

Those Banks Can't Lose Money All By Themselves

The Huffington Post | Mark Gongloff | Posted 12.03.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

JPMorgan Chase Cuts Banker Pay

Reuters | Posted 12.12.2012 | Business

* Pay falls at JPMorgan's investment bank in 3rd qtr * Dimon aims for lower end of compensation ratio range * Bank set a...

JPMorgan Whale Boss Walks With $21.5 Million

Mark Gongloff | Posted 08.29.2012 | Business
Mark Gongloff

It's a huge relief to learn that a banker can make a mistake every now and again and not have to worry about losing any money.

Citi Still Mum On CEO Pay

Mark Gongloff | Posted 08.29.2012 | Business
Mark Gongloff

How on earth is Vikram Pandit supposed to do other important banker things when he is constantly being pestered by you people about his pay?

Change You Can't Believe In

The Huffington Post | Mark Gongloff | Posted 06.25.2012 | Business

Thing One: Don't Go Changin': If the definition of insanity is doing the same thing over and over again and expecting different results, then America'...

Biggest Pay Package On Wall Street: Report

The Huffington Post | Mark Gongloff | Posted 06.20.2012 | Business

Jamie Dimon is the Bill Brasky of Wall Street: So awesome that rival bank CEOs sit around and tell tall tales about him. Now they've got another story...

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...

'No' Vote on Citigroup's Pay Should Spark CEO Compensation Reform

Judith Samuelson | Posted 06.23.2012 | Business
Judith Samuelson

What would pay look like if pay packages emphasized investment in the real economy over short term profits that emanate from the non-productive activity that got us into trouble in the first place? Citi might be a great place to experiment.