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Bank of America cuts CEO pay

Brian Moynihan Davos 2013 Pic

Bank of America’s chief executive, Brian Moynihan, took a 7% pay cut in 2014, as the giant bank faced mounting legal costs related to government investigations into the sale of mortgage investments leading up to the financial crisis.

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Top firm plans hiring spree

Mizuho Financial Group, which vaulted to the top spot among Japan’s mergers advisers this year by working with Japan Post Holdings and Itochu, plans to build on that position by hiring bankers in the U.S. and Asia.

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