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UBS banker gets $26m 'golden hello'

Andrea Orcel - BBC

The new head of UBS's investment bank Andrea Orcel received a $26m (£17m; 20m euros) "golden hello" in 2012, the bank's annual report has revealed. Mr Orcel is in the process of overhauling the investment business, with 2,000 job losses expected.

 

Vikram Pandit steps down as Citigroup CEO

Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, shocking Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.

 

Execs at bankrupt MF Global may get bonuses

Executives at MF Global wouldn't appear to be model candidates for bonuses.

 

Compensation Cut at Fannie, Freddie

The federal regulator for Fannie Mae and Freddie Mac said it would eliminate performance-based bonuses for senior executives at the two mortgage-finance firms.

 

DealBook: A Top Goldman Sachs Executive Departs

Edward C. Forst, co-head of asset management, is retiring — the highest-ranking executive to leave the firm in recent months.

 

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