Companies / Banks - Nomura jobs to go in ‘tidying-up’ exercise. Nomura Shuffles Ranks as It Seeks Growth.
DB. The View from Hong Kong: How Wall Street Blew It in China. Citigroup's Pandit Gets a Raise, Morgan Stanley's Gorman Settles for Less. Citigroup Inc. boosted Chief Executive Officer Vikram Pandit’s base salary to $1.75 million from $1 after the bank’s first profit for a year under his watch as Wall Street firms announced pay packages for top managers.
James Gorman, Morgan Stanley’s chief executive officer since last January, was awarded deferred stock and options valued at about $7.4 million for his performance in 2010, when the firm’s shares trailed rivals. JPMorgan Chase & Co. awarded Chief Executive Officer Jamie Dimon’s top 15 executives more than $73 million in restricted shares, plus stock options, for their performance last year.
Pandit’s raise is effective immediately, Citigroup said yesterday. Pandit, 54, has led the New York-based lender since December 2007 and oversaw its $45 billion bailout by taxpayers the next year.
Stanchart. HSBC. UBS. JP Morgan. Barclays. RBS. Credit Suisse. Morgan Stanley. Citibank. Goldman Sachs.