Friday, 6 March, 2009: Citigroup's market capitalisation falls to US$ 5.6 billion. At this level, it's market capitalisation has fallen 98% since the end of 2006, when its market capitalisation was US$ 274 billion. More...
Merrill Lynch paid executives US$ 3.6 billion in bonusesbefore it reported US$ 15 billion in losses for the 4th quarter of2008. The bonus payments are being investigated by the New York Attorney General. John Thain, the Chairman and CEO of the ...
4 February 2008 - Today President Obama announced a pay cap of US$ 500,000 on top executives at banks which are receiving taxpayer assistance. In addition additional compensation will be able only to be paid in shares that will be received after the ...
UBS's former Chairman, Marcel Ospel, together with Stephan Haeringer and Marco Suter, two former members of the "Chairman's Office", are to return CHF 33 million (US$ 27.6 million) in remuneration.
According to Legal and General Investment Management (LGIM), RBS, in the preceding weeks before it announced its £ 12 billion rights issue, stated that it could not see of any circumstance under which it would ...
REMARKS BY THE PRESIDENT AFTER MEETING WITH THE VICE PRESIDENT AND THE SECRETARY OF THE TREASURY, The White House, Oval Office, January 29, 2009
THE PRESIDENT: Well, it's good to see you guys. I just had a terrific conversation ...
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