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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]
The controversial decision will remove the limit on bankers’ annual pay-outs that was introduced by the European Union after the financial crisis. Axing bankers’ bonus cap could fuel pre-2008 ...
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According to the law, employers who don't pay employees the money which they are contractually obligated to pay, could ultimately be required to pay twice that amount. [73] As of March 23, 2009, 9 of the 10 highest paid AIG executives had agreed to give back their bonuses to the company - and of the 20 highest paid, 15 had agreed to give back ...
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Soon after the catchphrase became famous, a few Swiss bankers started answering their phone as "Hello, gnome speaking". A Swiss banker who moved to London was nicknamed the gnome of Notting Hill. [5] The phrase also gave name to the 1966 T. R. Fehrenbach book on the history and practices of Swiss private banking, The Gnomes of Zurich. [10]
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 ...
Despite the attributed title "1 Corinthians", this letter was not the first written by Paul to the church in Corinth, only the first canonical letter. 1 Corinthians is the second known letter of four from Paul to the church in Corinth, as evidenced by Paul's mention of his previous letter in 1 Corinthians 5:9. [26]