Monday, 5 August 2013

Bank of New York Mellon Wins Sex Bias Case

Wall Street Job Report Newsletter
August 5, 2013                   
08-05-2013 08:58:04 AM

A federal jury in New York decided on Friday that a woman who was one of 11 people in her division at Bank of New York Mellon laid off in 2010 was not a victim of sex discrimination. ...»

 

08-05-2013 10:51:10 AM

HSBC is considering increasing the salaries of its bankers around the world in response to the cap on bonuses being implemented by the European Union. Chairman Douglas Flint warned about the impact of the limit on bonuses - at one times (...)Read the rest of this entry »...»

08-05-2013 10:47:00 AM

Wall Street's biggest banks are currently under the gun for their massive role in global commodities markets. But what many don't realize is the vast expansion of that role was, in large part, an unintended consequence of the chaos of the financial (...)Read the rest of this entry »...»

08-05-2013 09:18:09 AM

Profit rose 10 percent in the first half of the year as HSBC's three-year cost-cutting plan started to pay off, but this fell short of forecasts after a steeper than expected drop in revenue.....»

08-05-2013 10:38:59 AM

Wall Street has taken a beating in recent years, so does that mean the quality of recruits has taken a beating as well? People inside Bank of America (BAC) are saying that a higher percentage of the incoming class of (...)Read the rest of this entry »....»

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08-05-2013 13:06:32 PM

Bank of America Corp. led a fivefold increase in profit at foreign banks' Japan securities units last fiscal year as they accelerated job cuts and increased fees and commissions during the country's stock-market rebound. Combined net income at the Japanese units (...)Read the rest of this entry »...»

08-05-2013 12:57:08 PM

HSBC bank has reportedly asked more than 40 diplomatic missions to close their accounts as part of a programme to reduce business risks. The Vatican's ambassadorial office in Britain, the Apostolic Nunciature, is among those said to be affected. The (...)Read the rest of this entry »...»

 

08-05-2013 11:35:26 AM

Lloyds Banking Group (LLOY.L) Chief Executive Antonio Horta-Osorio told potential investors that he expects to see up to 70 percent of the bank's earnings returned to shareholders by 2015, the Financial Times reported, citing sources. The dividend target was revealed during recent (...)Read the rest of this entry »...»

08-05-2013 08:33:42 AM

LONDON-HSBC Holdings HSBA.LN -5.31% PLC posted a 23% increase in net profit for the first half of the year, as a three-year cost-cutting plan bore fruit and loan impairments fell....»

 

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08-05-2013 11:02:17 AM

$96B Not Enough: LVMH's High-End Shopping Spree    From 5-star hotels to iconic coffee houses, the world's leading luxury products group can't seem to get enough of the good life. Here's a look at some of the recent LVMH purchases, with a special glimpse at what's on the horizon....»

 

 

08-05-2013 07:55:00 AM

Monday Morning Compliance News Roundup The U.S. Securities and Exchange Commission sued a former Green Mountain Coffee Roasters (GMCR) employee, claiming he repeatedly obtained quarterly earnings data and traded in advance of its public release. ...»

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