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Bankers' bonuses are traditionally paid or awarded to some workers in the finance industry at the end of the bank's financial year. They are intended to reward employee behavior during that year that has increased the profits of the bank or some relevant part of its business, as shown by the annual accounts .
Bonus pools are shrinking at some of the biggest banks this year, including Goldman Sachs, JP Morgan, Citi, and Bank of America. Big banks announce plans to cut back on end-of-year bonuses [Video ...
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.
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NELHA (Natural Energy Laboratory of Hawaii Authority), a 675-acre (273 ha) state developed site, is a green economic development ocean science and technology park on the west side of the island. It provides resources and facilities for energy and ocean-related research, education, and commercial activities in an environmentally sound and ...
Real estate: Qintex CEO Christopher Skase was found to have improperly used his position to obtain management fees prior to the $1.5 billion collapse of Qintex including $700m unpaid debts. Skase absconded to the Spanish resort island of Majorca. Spain refused extradition for 10 years during which time Skase became a citizen of Dominica.
Fannie Mae has quietly scrapped a plan that could have saved Americans thousands of dollars in housing costs, according to multiple reports. ... A lenders’ insurance policy typically costs 0.5% ...