Company News



Spain’s Worst Year for Work Leaves Rajoy Counting Slump Cost

Spanish Prime Minister Mariano Rajoy can count the social cost of the economy’s slump when data this week show how 2013 was probably the worst year for work in its democratic history . . .

http://www.bloomberg.com/news/2014-01-20/spain-s-worst-year-for-work-leaves-rajoy-counting-cost-of-slump.html



Metals, Currency Rigging Is Worse Than Libor, Bafin Says

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion. . .

http://www.bloomberg.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says.html



Bank of America Won’t Face New York’s Merrill Deal Damages Claim

Bank of America Corp. won’t face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the New York Attorney General’s Office. . . .

http://www.businessweek.com/news/2014-01-17/bank-of-america-won-t-face-damages-over-merrill-in-n-dot-y-dot-case-1



Morgan Stanley Said to Reduce Some Banker Bonus Deferrals

Morgan Stanley (MS), which deferred 100 percent of 2012 bonuses for many senior bankers, will pay some portion of awards for last year’s performance in immediate cash, according to a person briefed on the plan. . .

http://www.bloomberg.com/news/2014-01-16/morgan-stanley-said-to-reduce-bonus-deferrals-for-top-bankers.html



UBS Said to Boost Asia Investment-Bankers Bonuses by 10%

UBS AG (UBSN) is boosting annual bonus payments to investment bankers in Asia by about 10 percent for 2013, fueled by higher revenue from arranging sales of stocks and high-yield bonds, according to two people with direct knowledge of the matter . . .

http://www.bloomberg.com/news/2014-01-17/ubs-said-to-boost-bonus-pool-for-asia-investment-bankers-by-10-.html