Wall Street bonus pool surges to a record $75.2b for 2024
bestnews New York | Average Wall Street bonuses surged last year, with the total pool for payouts jumping to a record $US47.5 billion ($75.2 billion) as industry profits soared. The average…
Financial Services
How to launder money and get away with it
How to launder money and get away with it
Private equity money man Michael Lukin’s new chase reveals holy grail within reach
Twenty years ago, private equity salesmen (they were nearly always men) were running around with all sorts of structures to try to lure non-institutional Australian money into their sector. What…
Ord Minnett chases up Perpetual Private raid with Ross Love hire
Stockbroker and wealth manager Ord Minnett is not done sucking up financial advice talent from rivals. It has poached Ross Love, a senior private wealth adviser, from Shaw & Partners’,…
RBA tells banks national interest not profit comes first on payments system
The Reserve Bank has accused the major banks of putting profit over the national interest, as it doubled down on its criticism of the industry’s handling of the transition of…
IAG seeks to delay trial on $7b Greensill insurance claims
IAG, Greensill Capital’s biggest insurer, is trying to delay a $7 billion trial over insurance claims, stating it needs more time to review more than one million documents as it…