Financial News and Economical Crisis

largest U.S. banks that have received assistance from the state to combat the negative effects of economic crisis, paid-up last year about 33 billion dollars as a bonus. The statement was made by the Attorney General of New York Andrew Kuomo.

Among the banks that paid bonuses to its employees, despite a multimillion losses due to crisis, - Citigroup, Merrill Lynch, Goldman Sachs, Bank of America, JP Morgan Chase and others. More than 4700 employees of these financial organizations have received bonuses of at least a million dollars, said the newspaper The New York Times, published a summary table on the banks.

Specifically, Citigroup, suffered as a result in 2008 losses of more than 27 billion dollars and received from the State 45 JPL U.S. aid has paid millions of dollars in bonuses to 738 employees. In addition, 44 bank staff received an award in an amount not less than 5 million, and another three workers were paid the 10 millionth bonuses.

A total of nine U.S. financial institutions was U.S. $ 125 billion gospomoschi. Thus, for example, Citigroup, in contrast to, for example, Goldman Sachs, has not returned the funds the state.

Remember, in a crisis Bank of America has continued to pay their managers millions of dollars in bonuses to attract the best talent and retain the best leaders that the company is vital.

U.S. President Barack Obama for tighter control over the salaries of seven staff of 100 leading U.S. companies using the tools of government financial assistance, appointed a special officer - Kenneth Feinberg. Recall also, analysts said that the salaries and bonuses to managers of the largest banks in the U.S. by the end of this year may rise to the level of 2007, which is a kind of indicator of the restoration of the financial sector. Increased payments indicates the intention of banks to remain competitive even in times of economic downturn.

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