European Union leaders are to urge the threat of "sanctions" for banks that pay excessive bonuses.
They will also urge the Group of 20 (G20) richest nations to maintain stimulus spending that has prompted some signs of global recovery, the BBC says.
Many countries in the EU want to regulate how bonuses are paid at banks, blamed for helping to case the crisis.
The US and UK have rejected calls for mandatory caps on bonuses - to be discussed at the G20 talks next week. Full story...
FOR years Western investors have scrutinised Warren Buffett's investment strategy in the tiniest of detail, always on the lookout for the golden clue that might make them billionaires too.
In China, would-be investment gurus study the man's clothes, writes the Times.
And since the beginning of this year, the bet on Mr Buffet's suit label has paid off astronomically well. Shares in Dalian Dayang Trands, the fast-growing northern Chinese clothing maker that makes the Sage of Omaha's "wonderful" suits, have soared 229 per cent.
The past few days of market action have been particularly explosive, with Dayang Trands' shares hitting their 10 per cent upwards trading limit for three sessions in a row. Full story...
A group of 45 bankers at Barclays yesterday bypassed potential curbs on pay and bonuses by jumping ship to set up a Cayman Islands company and manage $12.3bn of Barclays' most toxic debt, according to the Times.
They will be paid at least $400m over ten years. In an exotic piece of financial engineering, the bank will lend $12.6bn to Protium, a newly created Cayman Islands-registered hedge fund, to buy the toxic assets.
The bankers, led by Stephen King and Michael Keeley, both British, are setting up C12 Capital Management, a management company that will be paid management fees of $40m a year for a decade by Protium and could make much more if the impaired assets recover in value. Full story...
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