• Fri
  • Jul 11, 2014
  • Updated: 4:04am

Wall Street

Wall Street watchdog to review broker bonus disclosure plan

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.

Wednesday, 22 May, 2013, 11:23am

Revolving doors of power

In Europe, it seems unthinkable that the head of Deutsche Bank would ever become the finance minister of Germany. It is less likely since the financial debacle of 2008 that any British bank boss would become chancellor of the exchequer.

15 May 2013 - 4:46am

Asian stocks up on Wall St rise, German data

Asian markets rose on Wednesday after the Dow closed at a record high on renewed optimism over the US economy and European markets soared following the release of impressive German factory orders data.

Tokyo climbed 1.35 per cent by the break, a day after the Nikkei finished at its highest level in almost five years, Seoul gained 0.25 per cent and Sydney increased 0.77 per cent.

8 May 2013 - 11:50am

Former CLSA analyst writes quit-and-tell-all book

Daniel Tabbush, who for many years was CLSA's head of regional banking research, has published a why-I-quit-the-rat-race book. Titled Quit & Run - My Wake Up Call on Wall Street, the book describes how he got into the finance industry, his thoughts about his work and why he left.

28 Mar 2013 - 6:31am 2 comments

Wall Street sees big bonuses as jobs in finance sector decline

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

2012: How Wall Street got it wrong

From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.

5 Jan 2013 - 3:13am

Divide over 'fiscal cliff'

Trading action on Wall Street is likely to retain its tentative edge over the new year, as uncertainty over the United States' financial future and its economy casts a pall over the market.

26 Nov 2012 - 9:06am

Wall St bankers in line for poor 2012 bonuses

Wall Street banks are deflating their employees' pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders.

14 Nov 2012 - 2:58am

Corporate US awaits Obama action on deficit

Wall Street executives who lost the bet that Mitt Romney would defeat Barack Obama are bracing for tougher regulation and hoping a deal can be struck with Congress to cut the deficit.

9 Nov 2012 - 3:59am

Wall St shuttered as storm hobbles New York

US stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.

29 Aug 2013 - 4:13am