Bonus Picture Is Looking Bleak
Bonus Picture Is Looking Bleak
The summer may have started with the long-term bonus outlook seemingly rosy, but it's ending with Wall Street expecting lower bonuses, or even layoffs.
Bush Plan Addresses Mortgage Market 'Excesses'
Bush responded to the subprime-mortgage crisis by outlining steps to help borrowers avoid default, while acknowledging "excesses in the lending industry." (Remarks)
SachsenLB Expects Earnings Burden
SachsenLB said its first-half net profit more than doubled, but that it expects a "significant earnings burden" for the full year. The German state-owned bank, which has been sold to a peer, has been roiled by the global credit squeeze.
Stocks Rise as Bernanke, Bush Speak
Stocks were higher after remarks by Federal Reserve chief Ben Bernanke and President Bush. Markets in Asia and Europe strengthened.
Barclays Injects $1.6 Billion Into SIV
Barclays Capital rescued from collapse an investment vehicle it helped set up last year, injecting $1.6 billion into Cairn High Grade Funding.
The summer may have started with the long-term bonus outlook seemingly rosy, but it's ending with Wall Street expecting lower bonuses, or even layoffs.
Bush Plan Addresses Mortgage Market 'Excesses'
Bush responded to the subprime-mortgage crisis by outlining steps to help borrowers avoid default, while acknowledging "excesses in the lending industry." (Remarks)
SachsenLB Expects Earnings Burden
SachsenLB said its first-half net profit more than doubled, but that it expects a "significant earnings burden" for the full year. The German state-owned bank, which has been sold to a peer, has been roiled by the global credit squeeze.
Stocks Rise as Bernanke, Bush Speak
Stocks were higher after remarks by Federal Reserve chief Ben Bernanke and President Bush. Markets in Asia and Europe strengthened.
Barclays Injects $1.6 Billion Into SIV
Barclays Capital rescued from collapse an investment vehicle it helped set up last year, injecting $1.6 billion into Cairn High Grade Funding.
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