Company News



UK bankers’ bonuses rise twice as fast as rest of workforce

Bonuses for Britain’s bankers and insurance workers rose at double the pace of those for the total workforce last year, despite politicians’ and regulators’ attempts to clamp down on bumper payouts at financial firms. . .
http://uk.reuters.com/article/2014/08/29/uk-britain-bonuses-banks-idUKKBN0GT1YH20140829?rpc=401&feedType=RSS&feedName=topNews&rpc=401



Citi to pay allowance to compensate for limited bonuses

Citigroup Inc. has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people. . .

http://uk.reuters.com/article/2014/09/01/uk-citigroup-bonuses-idUKKBN0GW11P20140901



Central banks need exit strategy from post-crisis policies

IMF economists argue monetary policies introduced since 2008 may have increased banks’ medium-term risk . .

http://www.theguardian.com/business/economics-blog/2014/aug/19/central-banks-crisis-unconventional-monetary-policies-banks-riskthers



Former Lehman Brothers bankers win pensions battle

More than 2,400 former Lehman Brothers bankers will have their pensions paid in full following a six-year legal battle. . . .

http://www.bbc.co.uk/news/business-28860594#



Standard Chartered to pay fresh penalty to NY regulator

Standard Chartered has agreed to pay $300m (£180m) to New York’s top banking regulator for failing to improve its money laundering controls.  . .

http://www.bbc.co.uk/news/business-28860566#