What's breaking now, across thousands of outlets.
HSBC will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. Bloomberg's finance reporter, Harry Wilson, reports on The Pulse. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Americans Robert Hall and Michael Woodford were awarded the Nobel economics prize on Monday for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations. The two were honoured for developing new models for managing recessions and other crises that fail to respond to traditional tools.
The Common Advertisement Code will apply to regulated entities — stock brokers, depository participants, investment advisers, research analysts, online bond platform providers, portfolio managers, and…
Key PointsMany investors react to bear markets by selling their stocks and sitting on cash.
Sebi's common advertisement code allows celebrities to promote regulated entities at the brand level but prohibits endorsements of specific financial products or services.
Independent estimates call for Social Security benefits to rise by 3.5% in 2027 -- but this isn’t the biggest story.
