HONG KONG, Dec 25- Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China- related deals, but salaries and bonuses still trail far behind those paid by Western banks. "This is the first time since 2009 we have seen an increase of base and total compensation," said Maggy Fang,...» Read More
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Former chair of the FDIC, Sheila Bair, continues her discussion on regulations; the future of the euro; and whether the Fed will be able to deal with inflation.
Former chair of the FDIC, Sheila Bair, discusses how Dodd-Frank legislation gave regulators a process to deal with insolvent banks and weighs in on whether TARP worked.
Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation, the FT reports.
Nokia and Motorola unveil new mobile phones; buzz is building for Amazon’s announcement tomorrow.
Mark Shafir, Citigroup co-head global mergers & acquisitions, discusses where bankers are looking to find deal flow outside of the nation's borders.
Deutsche Bank has become the first global bank to introduce rules allowing it to strip staff of bonuses they earned at previous employers in the latest crackdown on pay. The FT reports.
Almost a third of UK-based investment bankers would rather work in Singapore, according to a survey that predicts that the center of gravity in the financial sector will shift towards Asia in the next decade. The FT reports.
The euro zone debt crisis is showing signs of reaching a solution and investors should be upgrading their outlook on U.K. banks, according to investment firm Liberum Capital.
A new round of 13-f’s reveals the moves some of the biggest investors are making; the NY Times gets a new CEO and NPD says restaurant traffic is stalling.
Groupon falls to new lows after revenue falls short of estimates; a casino mogul faces inquiries regarding his China dealings and the Redbox founder leaves Coinstar.
A mixed day for the markets; ManU prices its IPO; Yahoo CEO makes her first big move; videogame sales fall again and Ikea reveals what its brand is worth.
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Disney beats earnings; S&P cuts Greece outlook; Priceline plummets after disappointing earnings and magazine sales decline.
New York state accuses Standard Chartered of doing business with Iran; Apple drops Youtube from its new mobile operating system and Caribou Coffee blames Green Mountain for its poor performance.
The trading snafu heard round the world – cheekily dubbed the “Knightmare on Wall Street” – has cast new doubts on the automated systems that dominate global exchange trading.
The stock market is risky as it is, Cramer said, adding investors should have to worry about software glitches, as well.
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A setback for Google; MGM buys out Icahn; tough times for EA and Take Two and Facebook hits new post-IPO lows.
Ross Levinsohn leaves Yahoo; ManU get ready for IPO and more bad news on the corn crop as the drought worsens.