French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.
RBS, 83 percent owned by the British government following a state bailout during the 2008 credit crisis, allocated CEO Stephen Hester a 2011 annual performance award of 3.6 million shares.
Liechtenstein started to unwind secrecy after data stolen from LGT Group, the bank owned by the royal family, was used by Germany to prosecute tax evaders in 2008.
One of the 104 investment bankers suing for €50m in unpaid bonuses told the UK High Court on Thursday he had expected a further €300,000 bonus in 2008 despite already receiving a €300,000 guaranteed bonus from Dresdner for that year.
Quilter operates with customers who have at least £200,000 (€240,000) in assets, and it has 26,000 clients in Britain and Ireland.
half-dozen of the richest participants, interviewed in advance of the conference, say economic disparity needs to be addressed.
The insurer yesterday said it would create a single wealth management unit in Europe, which analysts suggested would improve efficiency, while sharpening its focus on expanding revenue.
He says the lesson the industry should learn from the sovereign debt crisis is that there are no risk-free assets and that the resilient business models are often large-cap equities, with strong balance sheets and where the dividend payout and dividends i