Morgan Stanley, the investment bank that added clawback rules to compensation packages in 2008, expanded the types of pay that managers can be forced to return and the list of misconduct that might trigger a penalty.
In the first three months of 2012, $6 billion of sukuk were sold in the six countries of the Gulf Cooperation Council, approaching the total of $7.3 billion issued in the whole of 2011, according to data from the Dubai bank Emirates NBD.
While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including new York City mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.
The news of the low year-end pay, at least by Wall Street standards, has sparked griping that being an investment banker is not worth it anymore. Some have said it was a big ego blow.
A New Zealand native who lived in Manhattan, he served on the board of the SAMFund, a Boston-based nonprofit organization that provides grants to help young adults transition to life after cancer.
Aifric Campbell's On The Floor tells the story of a young woman who rises to the top of the world of high finance only to be dragged under by debilitating insomnia, alcoholism and ruined relationships.
The bank, long known for its U.S. focus, will open corporate banking services in Britain, Germany, China, Singapore and Australia, according to the Financial Times as reported by Reuters.
Since it’s the largest bank in the United States based on its $2.3 trillion in total assets, a lot of observers were watching and listening closely to what Chief Executive Officer Jamie Dimon and other executives had to say.
Khoury brings years of experience developing and promoting the biggest brands in the financial services industry. At Merrill, she was senior vice president, strategic marketing and oversaw a 90-member team that developed award-winning marketing and brand