Lehman Brothers will award mid-year stock bonuses to its 26,000 employees. The Wall Street Journal describes the award as "essentially a down payment for 2008 compensation."...
Wall Street's job cuts to date have only scratched the surface of what would be needed to match historical benchmarks, such as revenue per employee. According...
Citigroup reportedly is reshaping its bonus system to emphasize divisional cooperation and overall corporate performance.
"We have to put a premium on partnership-like behaviour," an unnamed Citi...
Media coverage of sovereign wealth funds often focuses on their controversial investments in troubled American and European banks. Many investment professionals have a different question on...
Bank of America said its absorption of Countrywide will eliminate 7,500 jobs over two years. The figure reportedly amounts to 12.5 percent of the combined work...
