Bankers worldwide are expecting smaller bonuses this year. Still, they will be hard pressed to find much sympathy as their base salaries were boosted — in some cases doubled — this year to compensate for the lower year-end bo…
Goldman Sachs Group’s (GS) top executives will receive about $111.3 million worth of stock next month in delayed compensation for their work in 2009 and 2007.
CEO Lloyd Blankfein will receive about $24.3 million in January, Bloomberg News reported. G…
Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won’t happen while the huge campaign contributions keep flowing. And the financial industry’s big money shell game drains away something …
Historians will look back on Washington’s bailout of GM and Wall Street as the right move. That’s because it’s now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer onl…
Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of secur…