Posts Tagged “europe”

HSBC hands allowances to hundreds of bankers to avoid EU bonus cap

by Wall Street Job Report on February 24, 2014

Britain’s biggest bank, HSBC, has inflamed the row over City pay by awarding allowances to hundreds of its top staff, enabling them to avoid the EU bonus cap. HSBC is the first UK bank to reveal how it will side-step the (…)

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Banks in London Devise Way Around Europe’s Bonus Rules

by Wall Street Job Report on February 14, 2014

LONDON — A battle over banker bonuses is building in this financial capital. Since the 2008 crisis, regulators around the world have tried to rein in bonuses, worried that big payouts encourage excessive risk-taking by bankers and traders. The European Union has (…)

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How Goldman Sachs, Morgan Stanley and others will keep paying-up in Europe

by Wall Street Job Report on February 4, 2014

If you work for a U.S, investment bank in Europe, it’s becoming clear that the European Union’s bonus cap is not going to make much difference to your overall pay. To recap, the CRD IV bonus cap works as follows: Banks can (…)

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RBS may create its own ‘bad bank’ if UK rejects breakup: sources

by admin on September 26, 2013

(Reuters) - Royal Bank of Scotland (RBS.L) could create an internal “bad bank” to house more of its problem loans, even if Britain decides not to enforce a breakup of the part-nationalized lender, banking industry and political sources say. Britain’s finance ministry, aided by (…)

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Banker Bonuses Seen Capped at Twice Salary in EU Compromise

by Wall Street Job Report on December 13, 2012

European Union officials reached a tentative deal with lawmakers to ban banker bonuses that are more than double annual salaries.

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