Financial Regulatory Forum

BREAKINGVIEWS – Shareholders can’t do board’s work on U.K. bank bonuses

By Reuters Staff
March 25, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

US’ Geithner says bank fee can recoup AIG bonuses

By Reuters Staff
February 3, 2010

By David Lawder

WASHINGTON, Feb 3 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Wednesday said insurer AIG’s contracts to pay hundreds of millions of dollars in bonuses were “outrageous” and appealed to Congress to help recoup the payments.

Major global banks split on regulation battle

By Reuters Staff
January 29, 2010

By Lisa Jucca and Martin Howell

DAVOS, Switzerland, Jan 29 (Reuters) – The world’s top financiers are at odds about how to fight back against a global push for tougher financial regulation, with commercial and investment banks struggling to reach common ground.

ANALYSIS – Obama attacks on banks fall flat but may persist

By Reuters Staff
January 20, 2010

By Karey Wutkowski

WASHINGTON, Jan 20 (Reuters) – The Obama administration’s Wall Street bashing fell flat among voters in Massachusetts, but that doesn’t mean Democrats have ended their anti-bank rhetoric.

BREAKINGVIEWS – Goldman bonus delay raises puzzling questions

By Reuters Staff
January 19, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

Deutsche Bank raises salaries as bonus tax looms

January 19, 2010

    FRANKFURT, Jan 19 (Reuters) – Deutsche Bank <DBKGn.DE> is raising fixed salaries for staff and cutting variable pay, Germany’s flagship lender said on Tuesday as regulators and politicians pursue a clampdown on bonuses.
   Deutsche Bank said the move arose from a review to ensure pay “remains competitive”.  (more…)

New York Attorney General Cuomo seeks 2009 bonus data from Wall Street

By Reuters Staff
January 11, 2010

By Elinor Comlay and Jonathan Stempel

NEW YORK, Jan 11 (Reuters) – New York’s attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry’s role in the near-collapse of the financial system and recession.

France joins UK to target traders in bonus tax move

By Reuters Staff
December 16, 2009

By Sudip Kar-Gupta and Sumeet Desai

PARIS/LONDON, Dec 16 (Reuters) – France singled out frontline financial traders for a special 50 percent tax on bonuses, following Britain by tapping into public anger over the pay deals of bankers whom many blame for the financial crisis.

Banks expected to swallow most of new UK bonus tax

December 11, 2009

By Steve Slater

LONDON, Dec 11 (Reuters) – Banks are likely to swallow the bulk of the cost of a shock UK tax on bonuses unveiled this week, rather than pass it on to staff or find loopholes, as more countries join the clampdown on payouts, industry experts and sources said.

Largest German banks to enforce bonus rules in 2009

December 10, 2009

CEO of Deutsche Bank Josef Ackermann holds his speech during the Euro Finance Week in Frankfurt November 20, 2009. REUTERS/Ralph Orlowski By Philipp Halstrick and Edward Taylor

FRANKFURT, Dec 10 (Reuters) – Germany’s largest financial companies have agreed to enforce the Group of 20 recommendations on bonus rules in 2009, a year before they must, people familiar with the matter said on Thursday.