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On 26 June 2013, the European Parliament and Council of the European Union passed the "EU banker bonus cap", [8] [9] which took effect on 1 January 2014. [10] In December 2013, the European Banking Authority issued a final draft regulation to determine who a "material risk taker" is, which was expected to take effect in the first half of 2014. [11]
Scrapping a cap on banker bonuses would be the strongest signal yet that Britain's new Prime Minister wants to 'unshackle' London from EU rules, but risks public outcry while potentially doing ...
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
December 2, 2022 at 4:38 PM
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Jackson claimed that his charter battle against the Second Bank of the United States was one of the great struggles between democracy and the money power. While it was rumored that The Bank of the United States spent over $40,000 from 1830 to 1832 in an effort to stop Jackson's re-election, Chairman Biddle of the BUS only spent "tens of ...
JPMorgan will cap working time at 80 hours a week. This is the first time the bank has taken such a measure. It carves out one big exception: live deals, typically the most taxing part of the job ...