A look at some must-read news on deals and deal makers around the world
Bonus blues mount in Europe
Europe's banking regulator is planning a review of all bonus payments at the continent's big banks to determine if they are in line with new capital rules, Bloomberg News reports.
But a simple review is nothing compared to what happened in the Netherlands, which shows that when the public gets up in arms about bonuses, bank executives need to be paying attention. Very close attention.
Twitter is now feeding revolutions on banker pay in Holland, as the plan to pay bonuses to higher-ups at bailed out bank ING led to a spreading campaign on Twitter to have people withdraw their deposits. Amid concern about a run on the bank, ING executives waived their bonuses. Then the government reacted, with a 100 per cent tax on bonuses on bailed out banks since 2008, the Guardian reports.
Where do Goldman's prop trading activities end?
Goldman Sachs Group Inc.'s most profitable employees are often those in the special situations group, which invests in debt and equity of struggling companies. Does that fall under the definition of proprietary trading, and if so will Goldman have to revamp one of its big profit drivers, Bloomberg News wonders.
The difference a decade makes in tech booms
How much has changed since the tech boom of 1999 as money once again pours into the technology sector? The sums are far greater, but the companies are too, the New York Times DealBook reports.
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