Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief...
- Fri
- May 24, 2013
- Updated: 6:37pm
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EU regulators confirmed that they will cap bonuses of bankers earning more than 500,000 euros (HK$5.0 million) a year and added other conditions to make the pay ceiling harder to smash.
The European Banking Authority, which sets the rules for banks in the 27 European Union countries, is thought to have approved proposals that would require a cap on bonuses for anyone whose pay is...
This is why tonight, players representing Hong Kong's senior team are apparently reinvigorated and motivated to perform well, with an enticing new "carrot" dangling in the form of a revitalised...
Analysts' estimates of HSBC's pre-tax profit for last year shows an average forecast of US$23.3 billion, up 6.3 per cent from a year earlier and the highest since 2008. That will translate into...
Members of the European Parliament and diplomats agreed to reconvene on February 27 after their negotiations ended without a deal on how to implement components of the Basel bank regulations in...
Wall Street may seem like its old self again. Financial giants including Goldman Sachs raked in mega profits in 2012; bonuses are expected to fatten more Wall Streeters' pockets than last year;...
The red-hot property market in the first 10 months of last year has resulted in sizzling bonuses at some property agencies, which gave their non-sales staff up to 50 months' salary.
Goldman Sachs, the securities firm that set a compensation record on Wall Street in 2007, is now demonstrating how little it can pay.
It's always interesting and sometimes surprising to see what drives policy in Hong Kong. Take the story in yesterdays' SCMP about car dealers asking the government for more time to clear their...
This time of year, the annual bonus is the talk of the town. Expectations in banking circles are running high, but the talk itself is kept pretty low. That's because since the 2008 global...
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