All articles tagged with #bankers
Bankers received an accidental email instructing them to return their laptops, which was mistakenly sent as a notice of termination, highlighting a humorous yet serious communication error in corporate HR processes.
UBS has instructed its bankers to reduce the sale of complex currency products, likely in response to regulatory pressures or risk management concerns.
During a rally in Iowa, President Trump used a term considered an antisemitic slur while criticizing unscrupulous bankers, coinciding with the celebration of the nation's 250th birthday and the passage of his legislation.
Bankers in the finance industry are being hit with "breakup fees" when they accept job offers and then decide to stay with their current employers. This practice, commonly seen in corporate takeovers, has now made its way to Wall Street, with a recent example being a nearly $10 million offer from Jefferies Financial Group Inc. to hire a rainmaker from Credit Suisse Group AG.
The guest list for the upcoming COP28 climate summit in the UAE is raising eyebrows, as it is dominated by bankers, lobbyists, and even housekeeping staff. Critics argue that the presence of financial institutions and lobbyists undermines the summit's goal of addressing climate change, while others defend the inclusion of diverse voices.
The International Monetary Fund (IMF) has raised its growth outlook for China, urging bankers to "ride the dragon" as the country's economy continues to recover from the impact of the COVID-19 pandemic. The IMF now expects China's economy to grow by 8.4% in 2021, up from its previous forecast of 8.1%. The organization also emphasized the importance of continued policy support and structural reforms to sustain the recovery.
Banks in Britain may be allowed to award larger bonuses starting from January, as the country seeks to ease post-Brexit rules. However, top bankers are hesitant to exchange fixed salaries for uncertain rewards, potentially limiting the impact of the bonus increase. The removal of the bonus cap is aimed at attracting more high-level bankers to Britain and boosting London's status as an international financial hub. Nevertheless, experts suggest that the shift back to high bonuses and low base salaries is unlikely, given the current economic climate and public sentiment. The EU's response to the scrapping of restrictions remains unclear, and it is uncertain whether EU banks in Britain would still be bound by the cap.
Lawyers on Wall Street are now earning more than bankers due to a shift in the job market. The demand for legal services has increased, while the demand for banking services has decreased. This has resulted in a rise in salaries for lawyers, making them more lucrative than banking jobs.
Four bankers from Gazprombank have been convicted in Switzerland of failing to exercise necessary oversight with regards to accounts that helped Sergey Roldugin deposit millions in discrete bank accounts between 2014 and 2016. Roldugin is a longtime ally of Russian President Vladimir Putin and is alleged to have laundered money for him. The men have been handed suspended jail sentences that carry with them fines of 741,000 Swiss francs ($809,000; €743,400).