Sooner or later the law of averages has to apply to how Goldman Sachs deals with its conflicts of interest. More than most of its peers, Goldman has embraced a world where the lines between client and competitor often seem to be blurred. But controversies such as the flurry of criticism over its dealings...
Posted to
Comment
on 03-10-2010
Filed under: banks, goldman sachs
Geneva this spring seems positively balmy compared with last year. And that is the impression that its private banks are trying to get over too.
Under pressure over its sacred bank secrecy, Swiss private banks - mostly based here around Lac Léman - initially looked like headless chickens. It is economic...
Posted to
Comment
on 03-03-2010
Filed under: banks
Now John Mack, Morgan Stanley chairman, has undercut much of the banking industry’s attempts to justify big bonuses at a time of economic pain largely caused by the financial sector.
All through the current bank earnings season, banks have sought to defend bonuses by saying the ratio of compensation...
Posted to
Comment
on 02-25-2010
Filed under: banks
According to reports, banking giant HSBC has bowed to shareholder pressure and abandoned plans to raise its chief executive’s salary.
The Financial Times said the bank had consulted shareholders on proposals to raise Michael Geoghegan’s salary by 36% to £1.4 million ($2.2 million).
The FT...
Posted to
Finance
on 02-24-2010
Filed under: All Financial News, Banking News, HSBC, shareholders, banks, bonuses, salary, executives, pressure, Michael Geoghegan, Douglas Flint