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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]
Now, with Liz Truss as Prime Minister, her new finance minister Kwasi Kwarteng wants a 'Big Bang 2.0', a reference to deregulating Britain's stock market in the 1980s, with scrapping the bonus cap ...
AIG is notable for having received taxpayer bailouts and in the fourth quarter of 2008 posted a loss of $61.7 billion (~$85.7 billion in 2023), [1] the greatest ever [as of?] for any corporation. [2] Beyond the $165 million in bonus payments that were announced in March 2009, the total bonuses for the financial unit is unknown; it was estimated ...
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JPMorgan will cap working time at 80 hours a week. This is the first time the bank has taken such a measure. ... Known as the "banker's diary," the tool is also used to pile on more work if there ...
The term 3-6-3 Rule describes how the United States retail banking industry operated from the 1950s to the 1980s. [1]: 51 The name 3-6-3 refers to the impression that bankers had a stable, comfortable existence by paying 3 percent interest on deposits, lending money out at 6 percent, and being able to "tee off at the golf course by 3 p.m." [1]: 51 [2]
Blind Hookey, [1] also known as Dutch Bank, [1] Banker and Broker [1] and Honest John, [1] is a simple game of chance using playing cards. The game is popular in Germany where it is known as Häufeln , Bockspiel [ 2 ] or Päckchen wenden , after the little packets of cards used.
In 1988, economist James Parthemos, a former senior vice president and director of research at the Federal Reserve Bank of Richmond, wrote for the bank's Economic Quarterly, "This so-called commercial loan theory or real bills doctrine was a basic principle underlying the money functions of the new system.