The FDIC attack bonuses USA!
Today is the episode number 800 of the Journal of the financial crisis, the official log book not the perfect storm which began on August 9, 2007, although claims creaking of the powerful fleet of the various parties that make up the financial market had already warned in early That year, I take this opportunity to thank the readers who since September 2007 have followed this daily effort.
The Federal Deposit Insurance Corporation has proposed that only 50 percent of the bonuses for managers in large U.S. banks will be paid in cash, while the other half will be deferred for three years.
This is a modest proposal than was expected last December in the European Union, which has already predicted that top bankers can not receive that 20 percent of the cash bonus.
Whether this side of the Atlantic Ocean beyond that, the moves have taken place or in preparation of the regulators are pushing to an increase in fixed compensation of top managers, as has been done in the powerful but even more prescient in Goldman Sachs and Citigroup, with the tripling of the salary of Larry Blankfein of Goldman and the establishment of a salary of 1.75 million dollars for a number of Citi.
U.S. banks which will be applied, if the FDIC approved the proposal are those with more than 50 million dollars in assets, that is, besides the two already mentioned, Bank of America, Wells Fargo, JP Morgan Chase and Morgan Stanley.
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