Bankers at the major investment banks on each side of the Atlantic are going to see shallower bonus pools this year, according to the Financial Times, citing a number of sources from big financial institutions. Here's the FT:
Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who fear the white sand beaches and marine life will be damaged. "Everyone is against it here," said Carlos Bravo of the Blue Sea Alliance, an umbrella organization of 50 groups including environmentalists, hoteliers and unions, seeking to halt oil exploration off Ibiza and Formentera, a neighboring island that is only accessible by boat.
In 1988, Michael Douglas won an Oscar for playing Gordon Gekko in Oliver Stone's "Wall Street." On Wednesday, Douglas returned to the New York Stock Exchange to ring the closing bell and deliver a speech on behalf of The Windward School, where his children attend.
In 2014 the average Wall Street bonus was about $172,860, according to the Office of New York's Comptroller, Thomas DiNapoli. That's an increase of 2% from the year before. The bonus pool itself increased by 3% to $28.5 billion.
New York State Comptroller Thomas DiNapoli released his annual report on securities industry compensation in new York City Wednesday and the results show just how the large the divide is between Wall Street and Main Street.
Argentina's President Cristina Fernandez de Kirchner came out of the gate guns blazing yesterday in her first public appearance since her party's curshing election defeat on Sunday. It was the worst election of her career, bar none.