banker bonuses

Lean Bonus Season Ahead for Wall Street Bankers

With unemployment still high, late mortgage payments rising, and the number of Americans in poverty at record levels, it seems that Main Street is headed for a hard, cold holiday season. But, somewhat surprisingly, so too are the fat cats of Wall Street -- relatively speaking.

CEO Pay: JPMorgan's Dimon Earned His Big Money

The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.

Bankers Expect a 7% Drop in Bonuses

Bankers worldwide are expecting smaller bonuses this year. Still, they will be hard pressed to find much sympathy as their base salaries were boosted -- in some cases doubled -- this year to compensate for the lower year-end bonuses.

Will EU Limits on Banker Bonuses Reduce Risk?

Europe's parliament on Wednesday approved world's toughest limits on bankers' bonuses, a move likely to fuel demands for similar curbs in the United States. But are these measures enough to limit excessive risk-taking at too-big-to-fail financial institutions and avert another meltdown?

Rocker Billy Bragg Declares War on Banker Bonuses

Rabble-rousing musician Billy Bragg is urging U.K. citizens to withhold their taxes unless the government stops the Royal Bank of Scotland from awarding $2.4 billion in bonuses to its bankers. After a bailout, RBS is now government owned.