By Thomas Barrabi Published March 26, 2019 U.S. Economy FOXBusiness Facebook Twitter Comments Print video House Democrats target Wall Street with financial transaction tax bill Diversified Private Wealth President Dominick Tavella on the potential market impact from House Democrats' financial transaction tax proposal. Bonuses for Wall Street employees plunged last year, even as the securities industry experienced a major spike in profits, according to a report Tuesday from New York State Comptroller Thomas DiNapoli. Continue Reading Below The average Wall Street bonus sank nearly 17 percent to $153,700 in 2018, down from $184,220 the previous year, according to the comptroller’s estimates. At the same time, Wall Street’s pretax profits rose 11 percent to $27.3 billion, up from $24.5 billion one year ago. MORE ON THIS HOME PRICE GROWTH SLOWS HEADING INTO SPRING GLOBAL STOCKS REBOUND AFTER SLIDE ON GROWTH WORRIES … [Read more...] about Wall Street bonuses sink even as profits hit $27B
Bonuses on wall street
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Wall Street Has Been Unscathed by MeToo. Until Now. Advertisement Supported by ByDavid Gelles March 16, 2019 On Dec. 14, 2017, Sara Tirschwell was called into an unscheduled meeting with the general counsel and chief compliance officer of her employer, the giant asset-management firm TCW. Ms. Tirschwell, 53, was an experienced investor who had been hired the previous year to raise and run a new distressed debt fund for TCW. Entering the conference room, high above Midtown Manhattan, she wasn’t sure what the meeting was about. It didn’t take long for her to find out: She was being fired. TCW alleged that just days earlier, Ms. Tirschwell breached an ethical wall by telling an employee in a different department about a potential deal. It was Ms. Tirschwell’s fifth violation in less … [Read more...] about Wall Street Has Been Unscathed by MeToo. Until Now.
Rebecca Ungarino, provided by Published 11:15 am CST, Thursday, March 7, 2019 American Eagle's Aerie and Abercrombie & Fitch's Hollister brands have long been seen as growth engines for their parent companies. Recently released earnings results are garnering serious praise on Wall Street, with one retail analyst pointing to a "tipping point" for Aerie's growth. Watch American Eagle and Abercrombie & Fitch trade in real-time. Aerie, the popular lingerie business under American Eagle Outfitters' umbrella, and Hollister, the beachy brand under Abercrombie & Fitch, are gaining recognition as two high-growth apparel segments outpacing their legacy companies' namesake brands. "Holy Hollister," Paul Lejuez, an analyst at Citi, wrote in a report out Wednesday, following Abercrombie's earnings results that showed its Hollister unit's 6% quarterly comparable sales growth far outpaced the 2% decline at its namesake brand. "While A&F comped down … [Read more...] about Aerie and Hollister are running laps around their parent brands, and Wall Street is doubling down on their huge potential (AEO, ANF)
Sarah Gray, provided by Published 12:40 am CST, Wednesday, March 6, 2019 Paramount Pictures Formulating new rules to limit Wall Street pay is back on regulators' front burners, according to a new report from The Wall Street Journal published on Tuesday night. The US financial collapse and ensuing Great Recession began more than a decade ago, and that financial turmoil led to financial regulations passing the Dodd-Frank bill of 2010. Part of Dodd-Frank requires a series of executive compensation rules, and in September 2018 MarketWatch reported that 5 of 12 of those rules were not finalized. According to The Journal, regulators are "reviving a proposal that would require big banks to defer some compensation for executives and to take back more of their bonuses if losses pile up at a firm." Formulating new rules to limit Wall Street pay is back on regulators' front burners, according to a new report from The Wall Street Journal. The US financial collapse and ensuing … [Read more...] about US regulators are reviving efforts to place limits on Wall Street pay
By Andrew Ackerman WSJ Liz Hoffman WSJ Tues., March 5, 2019 WASHINGTON—Long-dormant efforts to restrict Wall Street pay are back on the agenda as regulators turn to unfinished business left over from the 2010 financial overhaul. Banking regulators are discussing reviving a proposal that would require big banks to defer some compensation for executives and to take back more of their bonuses if losses pile up at a firm, according to people familiar with the matter. The talks are in early stages and involve top officials from at least three bank regulators: the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Reserve, the people said. Some bank executives are open to having the agencies write a new version of the rules, betting the limits would be milder during the Trump administration than if a Democrat takes the White House in 2020. The rules are required by the 2010 Dodd-Frank financial law, a fact bank … [Read more...] about Limits on Wall Street Pay Are Back on Regulators’ Agenda