Long-time workers of the company's car project leave after huge pay.
Feb 10- Former American International Group Inc Chief Executive Maurice "Hank" Greenberg admitted to his involvement in two fraudulent reinsurance deals as part of a settlement of an accounting fraud lawsuit, New York Attorney General Eric Schneiderman said on Friday. The lawsuit was brought in 2005 after AIG said it had engaged in certain improper...
Experts suggests using the extra income to tackle debt or beef up your emergency fund.
Gildas Surry, partner at Axiom Alternative Investments, discusses Deutsche Bank's unexpectedly positive third-quarter earnings.
NEW YORK, Sept 29- The New York judge weighing whether ex-AIG chief Maurice "Hank" Greenberg should be liable for accounting fraud on Thursday pressed the 91- year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore...
Sept 27- Wells Fargo& Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the centre of a burgeoning sales scandal, has left the company ahead of...
One of the U.K.’s best-known fund managers has scrapped bonuses at his investment management firm, saying there is little correlation between bonuses and performance.
Bonuses in the Big Apple’s securities business tumbled 9 percent to $146,000 on average, New York’s comptroller found. Earnings fell, too.
CNBC's Mary Thompson reports that as corporate profits have fallen since 2014, Wall Street average bonuses have also dropped for the second year in a row.
Only 24% of companies offer nonperformance-based bonuses at the end of the year.
Year-end compensation for workers in the financial industry will fall up to 10 percent.
N Chandrasekaran, MD & CEO of Tata Consultancy Services, discusses the better-than-expected net profit for the last fiscal year and explains the motivation behind the one-time bonus for employees.
Compensation rose even as pretax profits at broker-dealer operations of NYSE member firms fell.
U.K. financial sector professionals will have received over £100 billion in bonuses since the beginning of the financial crisis by the end of March. But could hefty bonuses be a thing of the past?
Luke Hildyard, deputy director of the High Pay Centre, says that all companies should be made to reveal what their executives get paid.
Savvy investors plan to spend 2014 bonus checks, according to an E*Trade survey, but only some have really earned the right to do that.
Darren Hayward, head of employment at Nockolds, says there will be a surge in High Court claims because of disappointing Christmas bonuses.
Eamonn Butler, director of the Adam Smith Institute, says that despite recent scandals, most bankers should keep their bonuses and politicians shouldn't get involved with running banks.
A plurality of respondents to a finance industry poll said they expect bonuses to either decline or be non-existent this year.
Adam Zoia, Glocap Search CEO, discusses which types of hedge funds on the Street scored the biggest payouts and which ones fell flat.