- Deutsche Bank Boosts Banker Pay After Record Sales and Trading Share Business Exchange
- Citadel Securities Head D’Souza Leaves After a Year
- F.D.I.C. Chief Criticizes Reform Plan
- Tanking Gov. Paterson may ‘reassess’ his election bid
- Sex show host Robin Byrd forks over $500 to Sen. Schumer’s campaign
Deutsche Bank Boosts Banker Pay After Record Sales and Trading Share Business Exchange – Bloomberg
Deutsche Bank AG, Germany’s biggest bank, set aside 31 percent more in compensation for corporate and investment bankers in the first nine months after posting record sales and trading revenue.
The Frankfurt-based bank allocated 4.23 billion euros ($6.25 billion) for pay and benefits, including severance, compared with 3.23 billion euros a year before, according to its quarterly report. That amounts to about 298,000 euros for each of the 14,208 employees at the corporate and investment bank, which includes the securities unit and transaction banking. The increase was mainly due to higher bonuses, the bank said…..
Citadel Securities Head D’Souza Leaves After a Year – Bloomberg
Rohit D’Souza, a former Merrill Lynch & Co. executive hired a year ago by Citadel Investment Group LLC to build an investment bank and brokerage, is leaving the $14 billion hedge-fund firm.
D’Souza’s departure date hasn’t been set, Katie Spring, a spokeswoman for the Chicago-based firm, said in a telephone interview today. Patrik Edsparr, who is Citadel’s global head of fixed income and oversees its European business, will take over the securities unit, Spring said….
F.D.I.C. Chief Criticizes Reform Plan – NY Times
Clashing once again with the Obama administration, Sheila C. Bair, a senior banking regulator, found fault Thursday with central elements of the White House’s latest plan for a new process to unwind large financial companies when their troubles imperil the financial system.
In testimony prepared for the House Financial Services Committee, Ms. Bair, the chairwoman of the Federal Deposit Insurance Corporation, said the plan described earlier in the day by Treasury Secretary Timothy F. Geithner did not give enough power to a proposed council of regulators “to effectively address systemic risks.”…..
Tanking Gov. Paterson may ‘reassess’ his election bid – NY Daily News
If his poll numbers stay in the tank, Gov. Paterson will “reassess” in early 2010 his decision to run for election, the Daily News has learned.
Paterson is still insistent to those close to him that he is running next year but “with one major caveat,” sources said.
“He’s in it, he’s planning to put the team together, but he’s said if his numbers don’t improve by the beginning of the year, he would have to reassess his campaign,” a Democratic source said…..
Sex show host Robin Byrd forks over $500 to Sen. Schumer’s campaign – NY Daily News
It seems Sen. Chuck Schumer is a very powerful and attractive man, winning not just the attention of business and sports titans but even that of a porn queen.
In his latest $1.9 million round of fund-raising, the senator known for his political acumen attracted $500 from first-time donor Robin Byrd, of late-night sexcapade fame “The Robin Byrd Show…..
Tags: Bonuses, Citadel, Compensation, Deutsche Bank, FDIC, New York, Political Contributions, Politics, Porn, Revolving Door
