Many Hong Kong-based employees of Asian financial companies, including mainland banks and securities firms that have expanded their offshore business in the city in recent years, may enjoy a better bonus season this year than their peers at Western banks.Wednesday, 8 January, 2014, 9:43am
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 said.22 May 2013 - 11:23am
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.22 May 2013 - 11:19am 1 comment
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 more than €500,000 (HK$5 million).19 May 2013 - 9:23am 1 comment
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 incentive scheme.22 Mar 2013 - 3:36am
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 earnings per share of 88.4 US cents.4 Mar 2013 - 4:30am
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 the EU.21 Feb 2013 - 6:22am
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; and the Dow Jones Industrial Average has been flirting with an all-time high after topping 14,000 for the first time in half a decade.16 Feb 2013 - 4:29am
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.
Centaline Property Agency gave its staff bonuses of between five and 50 months' pay, depending on the seniority and length of service.2 Feb 2013 - 4:25am
Goldman Sachs, the securities firm that set a compensation record on Wall Street in 2007, is now demonstrating how little it can pay.
The portion of revenue allotted for salaries, bonuses, stock awards and benefits was 38 per cent last year, down from 42 per cent a year earlier and the lowest since 2009, the company said on Wednesday.18 Jan 2013 - 5:27am
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 stock of green vehicles before more stringent regulations are introduced.9 Jan 2013 - 3:38am
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 financial crisis, rewarding bankers has become a particularly sensitive topic.31 Dec 2012 - 8:55am