— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —
By Steve Eder
NEW YORK, Dec 10 (Reuters) – Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
By Karey Wutkowski
WASHINGTON, Nov 2 (Reuters) – The U.S. pay czar said on Monday that he will determine “in the near future” how he will use his power to claw back pay at companies that have taken bailout money but is not currently in negotiations to do so.
Oct 27 (Reuters) – Anonymous trading venues known as “dark pools” are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the U.S. Securities and Exchange Commission.
By John O’Donnell
BRUSSELS, Oct 20 (Reuters) – The European Commission unveiled plans on Tuesday to drive more trading in derivatives onto exchanges and under the gaze of regulators, publishing a raft of proposed new rules.
FRANKFURT, Sept 9 (Reuters) – The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers’ pay was “understandable and appropriate”, and that greater scrutiny of trade in complex instruments was needed to keep banks in check. But with the banking sector bouncing back from the financial crisis, regulatory overkill could choke off economic growth, Lloyd Blankfein told an industry conference in Germany’s financial hub.
By Kevin Drawbaugh
WASHINGTON, Sept 9 (Reuters) – Banking is supposed to be boring.
That’s the quip that lobbyists and congressional aides use, only half-jokingly, to explain what’s in store for the banking industry as governments crack down with tighter regulation.
By Anna Willard
PARIS, Aug 24 (Reuters) – President Nicolas Sarkozy will push French bankers this week to do more to restrict bonuses so he can hold them up as a good example to other countries at meetings of the Group of 20 in September.
By Mike Dolan
LONDON, Aug 5 (Reuters) – Western governments seem set on preventing currency appreciation snuffing out nascent economic recoveries, helping reignite bets on a devaluation of major currencies against those of the emerging economic giants.