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...
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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.
* OCC's Curry: to review compensation of unit in $2 bln loss * Says trading loss will impact earnings, but not solvency ...
Bankers at Morgan Stanley may have less of a reason to pop the champagne cork this year.
The firm says it is expanding its list of events that can...
LONDON -- Lloyds Banking Group has canceled bonus payments for its former chief executive and a dozen other directors over their involvement in the co...
Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...
WASHINGTON: U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses...
Bankster Politicians, when faced with giving support to many of the same people tossed from employment by their cronyism, have all of a sudden found ideology.
I just returned from Nino's in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff's Ponzi scheme.
Nearly a quarter of all Americans are currently underwater in their mortgage, and if you are one of them, chances are you didn't do anything wrong. You didn't cause this mess. They did.
We all want to create jobs and encourage economic recovery. We now have over 30 years of experience with trickle-down policies. What has worked, and what needs change?
Sen. Dodd's proposed financial reform bill creates a consumer protection watchdog, a financial oversight council to monitor systemic risk and a new office to oversee credit rating agencies.
Recently authorities uncovered a DVD from the attic of imprisoned Ponzi scheme millionaire Bernie Madoff's family mansion in Montauk, Long Island that captures the family's last Seder together.
Cross-posted from Harvard Business Online
Over the past few months there has been growing anger and frustration about outsized Wall Street bonuses aw...
I've spent surprisingly little time since December 11, 2008, thinking about the man who caused my husband, me, and so many others such pain.
What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.
Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.
If this were Hollywood, the courtroom would be jammed. Reporters everywhere. Rowdy audience. Distinguished lawyers snarling and prepping to rip each o...
The trustee is on a mission to recover funds. He has his agenda, and we're watching a game of hardball between the courts and some extremely wealthy investors.
Madoff's preferential treatment of some investors, however, is a big deal. It's a likely blueprint, I think, of the trustee's legal tactics.
The home of the the $23 million, alleged fraudster is less than one minute's walk from the Florida estate of Bernie Madoff.
Incremental solutions, the nuts and bolts of everyday financial planning, help. Diversify your investments. Tweak your estate plans by funding trusts or opening accounts for your kids.
The executives can get a huge bonus or salary or golden parachute, all they have done is not make it tax deductible if it is over $500,000.
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