A plurality of respondents to a finance industry poll said they expect bonuses to either decline or be non-existent this year.» Read More
CNBC's Kate Kelly reports according to New York State Comptroller, Thomas DiNapoli, bonuses on Wall Street rose to a total of $20 billion in 2012.
John Van Reenen, director of Centre for Economic Performance at LSE, tells CNBC why he is in favor of rewards in the financial sector being based on long term success, not short term risk.
Davide Serra, founding and managing director at Algebris Investments, tells CNBC that banks must cut compensation in order to build capital.
Goldman Sachs awarded a dozen senior executives more than 700,000 restricted shares worth nearly $100 million as part of their 2012 bonus awards.
Joris Luyendijk, anthropologist and journalist at the Guardian discusses the social behavior of bankers and suggests that they are a form of 'tribe' and bonuses are the 'totem pole they dance around'.
The CEO at Random House makes the holidays a little "greener" this season, promising all employees a $5,000 bonus to celebrate a profitable year - thanks to publishing, "Fifty Shades of Grey," by E.L. James. CNBC's Bob Pisani and John Carney, weigh in.
If you’re considering giving your staff a gift or throwing a party this holiday season, here’s a tip.
U.S. companies may be paying out big dividends, but they’re holding the line with executive bonuses.
CNBC's Mary Thompson explains why many large firms are hesitant to pay employees an early bonus to avoid a bigger tax hit next year.
Wall Street employees, whose paychecks have often been cut in recent years, are likely to get a slight bump in their bonuses this year. The catch: the increase will come on top of one of the worst years for bank pay in recent memory.
Squawk Box Europe anchor, Steve Sedgwick and Otto Dichtl, managing director at Knight Capital Group debate whether the banking industry is going through a mass front office cull, that will never come back.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
The structure of compensation needs to change at the banks and paying bankers in fixed income securities may be one day to reduce risk, Sallie Krawcheck, former Bank of America Merrill Lynch, Global Wealth Management president, told CNBC’s “Squawk Box” on Friday.
"Without knowing why or how, we seem to have hatched our own oligarchs, and we stand aghast and bewildered at this flock of monstrous cuckoos," author Ferdinand Mount writes.
Shareholders in Barclays have forced the British bank to accept tougher bonus conditions and promise higher dividends, highlighting how the balance of power between investors and managers is shifting at some of the biggest global banks, the FT reports.
CNBC's Kate Kelly reports that Paulson & Company is slashing the key incentive level for employee bonuses.
The Lloyds Banking Group bankers forced to pay back some of their bonus payments are unlikely to be the last bankers made to repay remuneration, as claw-backs become increasingly popular.
David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City and draw a line under weeks of public acrimony. The FT reports.
Bonuses, which first caused widespread consternation in the wake of the collapse of Lehman Brothers, have come to the forefront of the debate in Europe again in recent months.
Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive waived a 1 million pounds bonus, the Financial Times reports.