Fed to screen U.S. bank pay policies: report
Pay policies for bank employees across the United States would require approval from the U.S. Federal Reserve as part of a proposal to curb risk-taking at financial institutions, The Wall Street Journal reported, citing people familiar with the matter. Read Full Article here.
Citigroup CEO says $100 million annual pay is too much
Citigroup Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances. Read Full Article here.
Airbus faces two more tough years: CEO
The head of Airbus said in remarks published on Friday that the European planemaker faces two further difficult years and does not rule out making further production cuts if necessary to adjust to demand. Read Full Article here.
Google revamps DoubleClick exchange
Google Inc announced a major overhaul of the DoubleClick ad exchange it acquired last year, an important step in the Internet search giant's plan to extend its advertising business into the market for graphical, display ads. Read Full Article here.
Ex-M.Stanley HK banker gets 7 years for insider trading
Former Morgan Stanley managing director Du Jun was sentenced to a maximum seven years in jail on Friday after a district court found him guilty of insider trading in the city's highest-profile case of its kind. Read Full Article here.
Swiss to hire more judges for UBS tax complaints
The Swiss government said it would appoint up to five temporary judges to deal with complaints arising from an agreement to hand over data on some UBS client accounts to U.S. authorities. Read Full Article here.
Citadel offered lenders debt for equity: report
Citadel Broadcasting Corp offered a deal to exchange a major part of its debt for equity to senior lenders owed $2 billion, including JPMorgan Chase & Co , GE Capital and ING Groep NV , the Wall Street Journal said, citing people familiar with the negotiations. Read Full Article here.
Pay czar Feinberg hits the speaking circuit
The man who has the power to set pay on Wall Street is hitting the road for a series of speeches before he has even publicly testified before Congress. Read Full Article here.