Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com.
The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%.
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Exports of gold and crude oil helped drive results
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Laurentian Bank has announced further executive shifts following its leadership change earlier this month
Ontario court allows U.S. shareholders to pursue both cases
Report finds the technology is being used to segment clients and generate insights