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Clawbacks

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...

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.

JPMorgan Executives May Have To Give Back Pay After Huge Loss

Reuters | Posted 08.05.2012 | Business

* OCC's Curry: to review compensation of unit in $2 bln loss * Says trading loss will impact earnings, but not solvency ...

Morgan Stanley May Claw Back Pay For 'Improper Employee Behavior'

D.M. Levine | Posted 04.06.2012 | Business

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...

Don't Get Too Comfortable: Big Bank Takes Back Some Bonus Pay For Execs

AP | ROBERT BARR | Posted 02.21.2012 | Business

LONDON -- Lloyds Banking Group has canceled bonus payments for its former chief executive and a dozen other directors over their involvement in the co...

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

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...

Regulators Want To Take Back Billions From Failed Bank Execs

Posted 05.25.2011 | Business

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...

Banksters Revealed Again!

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

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.

Madoff: "Screw the Victims"

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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.

They Keep Stealing -- Why Keep Paying?

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

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.

Invest in America's Future

Stan Sorscher | Posted 05.25.2011 | Business
Stan Sorscher

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?

Financial Reform Needs to Protect Investors

Joe Keefe | Posted 05.25.2011 | Business
Joe Keefe

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.

10 Plagues Excerpted from Bernie Madoff's Last Seder at Home

Nato Green | Posted 05.25.2011 | Comedy
Nato Green

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.

A Dangerous Pattern: Rewarding Failure

Ron Ashkenas | Posted 05.25.2011 | Politics
Ron Ashkenas

Cross-posted from Harvard Business Online Over the past few months there has been growing anger and frustration about outsized Wall Street bonuses aw...

Losing Bernie

Laura Stein | Posted 05.25.2011 | Business
Laura Stein

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.

Madoff: The Three Amigos

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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 Leftovers

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.

One Billion and Broke

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

If this were Hollywood, the courtroom would be jammed. Reporters everywhere. Rowdy audience. Distinguished lawyers snarling and prepping to rip each o...

Spaghetti a la Madoff

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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.

Honey, I Shrunk the Kids' Allowance

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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.

Ponzi Block Party

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The home of the the $23 million, alleged fraudster is less than one minute's walk from the Florida estate of Bernie Madoff.

My Money or Acrimoney

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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.

Golden Parachutes, Even For Bailed-Out Execs, Are Alive And Well

Sean-Paul Kelley | Posted 05.25.2011 | Business
Sean-Paul Kelley

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.