• COVID-driven divide emerges on Wall Street as bonus season looms

    COVID-driven divide emerges on Wall Street as bonus season looms

    The US banking industry has weathered eight months of COVID-19, and bonus season is shaping up to be “A Tale of Two Wall Streets.” Banker bonuses overall are on track to drop by as much as
  • Deutsche Bank eyes bonus hikes after surprise quarterly profit

    Deutsche Bank eyes bonus hikes after surprise quarterly profit

    Deutsche Bank plans to reward its top-performing bankers with higher bonuses this year after its investment arm helped it post a surprise third-quarter profit. The German megabank has piled up a
  • Rio Tinto cutting executive bonuses after review of cave destruction in Australia

    Rio Tinto cutting executive bonuses after review of cave destruction in Australia

    Rio Tinto said Monday it will cut the short-term bonuses of some senior executives but stopped short of leadership overhaul following review of the company’s destruction of two ancient caves in Australia. Chief Executive Jean-Sébastien Jacques and two other leaders will take financial penalties after the world’s biggest iron ore miner legally destroyed two historically …
  • Feds blast lavish bonuses for bankrupt Neiman Marcus’ execs

    Feds blast lavish bonuses for bankrupt Neiman Marcus’ execs

    The federal government is cracking down on fat bonuses for top executives of Neiman Marcus after The Post reported on the bankrupt chain’s controversial efforts to enrich its CEO. Henry Hobbs, the acting US Trustee overseeing Neiman’s Dallas, Tex., bankruptcy, blasted $10 million in bonuses Neiman has set aside for its senior staff, including CEO Geoffroy …
  • Coronavirus to shrink Wall Street bonuses as much as 30 percent

    Coronavirus to shrink Wall Street bonuses as much as 30 percent

    Wall Street bonuses for 2020 could fall by as much as 25 percent to 30 percent due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the novel coronavirus, according to a report published Wednesday by compensation consulting firm Johnson Associates. While most compensation is …