UK defeated as EU agrees to cap bankers' bonuses The Independent European Union chiefs have agreed a package of financial laws that includes capping bankers' bonuses at a maximum of one year's basic salary. | The bonuses will only be allowed to reach twice the annual fixed salary if a large majority of a bank's shareholders agrees, said Othmar Karas, the European...
Keep Your Carpet Clean for Less Daily Finance Related Savings Experiments | Let Your Spring Cleaning Savings Bloom -- Savings Experiment | The key to increasing the lifespan of your carpet is simple: clean it less often! Although this may seem counterintuitive, it will help you save in the long ...
Lloyds Banking Reports a $2.2 Billion Annual Loss Dealbook > | LONDON — The Lloyds Banking Group reported a net loss on Friday of £1.4 billion, or $2.2 billion, partly because it was forced to set aside billions of dollars to compensate customers that were inappropriately sold financial products. | Lloyds...
Breuer Reflects on Prosecutions That Were, and Weren’t Dealbook > | After spending four years under the microscope as he led investigations of some of the world’s biggest banks, Lanny A. Breuer hasn’t lost his swagger. | The 54-year-old prosecutor, with a Rolodex as thick as his Queens dialect, will leave the...
UK defeated as EU agrees to cap bankers' bonuses The Independent European Union chiefs have agreed a package of financial laws that includes capping bankers' bonuses at a maximum of one year's basic salary. | The bonuses will only be allowed to reach twice the annual fixed salary if a large majority of a bank's sh...
Prosecutors, Shifting Strategy, Build New Wall Street Cases Dealbook > | Criticized for letting Wall Street off the hook after the financial crisis, the Justice Department is building a new model for prosecuting big banks. | In a recent round of actions that shook the financial industry, the government pushed for guil...
Prosecutors Build a Tougher Strategy to Go After Wall Street Dealbook > | Blamed for letting Wall Street off the hook after the financial crisis, the Justice Department is building a new model for prosecuting big banks. | In a recent round of actions that shook the financial industry, the government pushed for guilty p...
SAC Investors Ask to Withdraw $1.7 Billion Dealbook > | Clients of SAC Capital Advisors have asked to withdraw $1.7 billion from the giant hedge fund amid an intensifying insider trading investigation involving the fund, according to people briefed on the matter. | That amount represents slightly more...
Time Warner Cable Arena to celebrate 10 millionth visitor The News & Observer After the swarms of fist-pumping Bon Jovi fans have taken their seats Tuesday night, Time Warner Cable Arena expects to mark a milestone: its 10 millionth visitor. | It comes as executives for the Charlotte Bobcats, which operates the uptown arena on behalf of the city, say they have increasingly gone after national-level concerts and events to com...
Georgia divided over Stalin 'local hero' status in Gori BBC News On the 60th anniversary of the death of Soviet supreme ruler Joseph Stalin there is still controversy over how to view his legacy in his homeland Georgia. | Millions died when Stalin imposed iron discipline and state terror to root out "enemies of the people" and build a communist state. | But in the town of Gori, where he was born, the c...
