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Bank Bonuses

Shahien Nasiripour

Cuomo Demands Bank Bonus Data: New York Attorney General Wants Details From 8 Bailed-Out Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

New York Attorney General Andrew Cuomo sent letters Monday to eight of the nation's biggest banks -- which also happen to be eight of the original TAR...

Morgan Stanley Pay Packages: Firm Reportedly Considering Revising How Top Execs Are Compensated

AP | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley is considering the way it compensates its top executives, looking to defer more pay and benchmark salaries against riv...

France To Follow Suit On Britain's Bank Bonus Tax (VIDEO)

Huffington Post | Gazelle Emami | Posted 05.25.2011 | Business

France is looking to match Britain's decision yesterday to impose a one-time 50% windfall tax on bank bonuses, French government officials said today....

Martin Wolf: Windfall Tax For Wall Street Bonuses

Martin Wolf | Posted 05.25.2011 | Business

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person shoul...

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

Joseph Stiglitz: Moral Bankruptcy

Mother Jones | Joseph Stiglitz | Posted 05.25.2011 | Business

We have created a society in which materialism overwhelms moral commitment, in which the rapid growth that we have achieved is not sustainable environ...

Stephen Hester, RBS CEO: 'My Parents Think I'm Overpaid'

Times Online | Robert Lindsay | Posted 05.25.2011 | Business

Stephen Hester, the chief executive of Royal Bank of Scotland (RBS), admitted to a parliamentary hearing today that even his parents believed that he ...

U.K. Bonus Tax Didn't Deter Banks From Paying Bonuses: Report

nytimes.com | Posted 05.25.2011 | Business

As a deterrent, the measure to tax bonus payments of more than �25,000 at a one-off rate of 50 percent has failed, as many banks decided to pay the ...

Peter Morici: Obama May Denounce Giant Bonuses But He "Takes Care Of" His Wall Street "Friends"

Seeking Alpha | Posted 05.25.2011 | Business

In Britain, the Prime Minister is imposing a special one-time claw back tax that will take 50 percent of bankers bonuses. In America, the bankers ge...

Steven Pearlstein: Is Obama's On Wall Street's Side -- Or Main Street's?

Steven Pearlstein | Posted 05.25.2011 | Business

Fairly or unfairly, the official who has come to personify this let-them-eat-stuffing attitude is Treasury Secretary Tim Geithner, who can't seem to d...

Barney Frank Clashes With Ed Schultz Over Bank Bonuses: "Don't Condescend To Me" (VIDEO)

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Business

MSNBC's Ed Schultz and Congressman Barney Frank (D-Ma.) clashed tonight over Congress's response, or lack of response, to the news that JPMorgan, Gold...

Bonuses 2009: Why US Banks Deserve the Taxation Prepared by Obama

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Instead of trying to come up with a constructive solutio, the banks failed to accept that their exceptional earnings did not come to them.

Annual Bank Bonuses To Be Banned In U.K.

BusinessWeek | DAVID STRINGER | Posted 05.25.2011 | Business

British Treasury chief Alistair Darling said Monday that annual bonuses for bank executives will be outlawed in an attempt to curb excessive risk-taki...

Sarkozy Threatens G20 Walkout If There's No Agreement On Bank Bonuses

Reuters | Posted 05.25.2011 | World

PARIS (Reuters) - French President Nicolas Sarkozy has threatened to walk out of the summit of Group of 20 leaders in Pittsburgh next week if there is...

Remember That Whole Thing About Fixing Our Financial System?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.

The Public Option in Banking: How We Can Beat Wall Street at Its Own Game

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?

Great Recession: All's Well That Ends Well?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

So it's almost official. The recession is almost over.

Bank Pay Restrictions Face Senate, Obama Skepticism

bloomberg.com | Ian Katz and Jesse Westbrook | Posted 05.25.2011 | Business

July 31 (Bloomberg) -- Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama admi...

TARP Bank Bonuses: Who Cashed In Last Year? (PHOTOS)

Posted 05.25.2011 | Business

Today, New York state Attorney General Andrew Cuomo released a detailed report on last year's bonus season for bailed-out banks. Called "NO RHYME OR R...

U.K. Prime Minister Supports Holding Banker's Bonuses for 5 Years

bloomberg.com | Gonzalo Vina and Andrew MacAskill | Posted 05.25.2011 | Business

July 16 (Bloomberg) -- Prime Minister Gordon Brown said the U.K. government will adopt plans forcing banks to hold back half of all bonuses for senior...

Morgan Stanley To Boost Executive Salaries As Bonuses Decline

Bloomberg | Elizabeth Hester | Posted 05.25.2011 | Business

Morgan Stanley, the sixth-biggest U.S. bank by assets, will increase some executive salaries and double Chief Financial Officer Colm Kelleher's pay a...

Sam Stein

Blowback: Union Mailer Targets Specter As GOP Primary Heats Up

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The labor community is launching a large wave of political attacks against Sen. Arlen Specter, linking the Pennsylvania Republican's decision to oppos...

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.