BofA Executive Pay, Nomura Beefs Up M&A, SocGen Revamps Investment Bank

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Bloomberg reports that Bank of America has said that CEO Brian Moynihan's compensation package was $7m in 2011, a cut of some 30%.

The CEO’s salary was unchanged at $950,000, with the rest of his package consisting of $1.82m in 'cash-settled restricted stock units' and $4.24m of restricted stock units tied to performance.

Moynihan is said to have been the only Bank of America executive who didn't walk off with a cash bonus for last year.

The news organisationj also said that, according to its sources, Nomura Holdings, Japan’s largest brokerage, plans to post as many as 15 top recruits to its Mergers and Acquisitions team in April to meet cross-border deal demand.

The college graduates are among 50 hired through a two-year-old elite recruiting program.

Finally, Reuters reports that, according to its sources, Societe Generale plans to present its restructured corporate and investment banking business early next week as it reorganises to cope with the euro zone debt crisis and tougher upcoming Basel III capital rules.

image: © Garry Knight

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