Wall Street Banks to Slash Bonuses Up to 30% as Slowdown Looms
Despite bringing in more revenue this year, pool for traders’ bonuses at Goldman Sachs, JPMorgan, Bank of America and Citi will decrease.
Recent
Unprecedented Collaboration Launched to Take on the Underrepresentation of Women in Financial Advice
Launches Excell REPRESENT, a first-of-its-kind, community-building event. Women make up only 20% of financial advisors.
Citigroup CEO Says the Company is 'Very Mindful' of Costly Commutes
Citigroup’s chief executive, Jane Fraser, said the investment bank may have something in the works to help its employees save time and money.
Panic Button Is Nowhere in Sight as Memory of 7th S&P Rout Fades
Worried? Yes. But investors have evinced few signs of panic amid a stock market drubbing that has wiped out $3 trillion.
Barclays Warns of Credit Pain in Return to 1970s Inflation Regime
Rising prices amid a US economic slowdown will menace embattled credit markets, if history repeats.
Silicon Valley Somewhere in 5 Stages of Grief. 'We’re Probably Somewhere Between Anger and Bargaining'
The cofounder of VC firm says bear market has Silicon Valley somewhere in 5 stages of grief. ‘We’re probably somewhere between anger and bargaining’.
Junior Bankers Beware
Top analyst says: ‘If you’re an employee of Wall Street, you better have your eyes wide open’.
