Wall Street Bonuses In Regulators’ Sights

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Wall Street Bonuses In Regulators’ Sights

Federal regulators plan to finalize rules governing employee compensation on Wall Street, potentially concluding one of the most divisive outstanding issues in financial reform. The rules, mandated by the Dodd-Frank Act in 2010, would include a clawback provision to discourage bankers from the kind of short-term profit-seeking that pads paychecks but heightens risks. According to the…

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

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