WalesOnline - Business - Business News - Banks ‘had to offer bonuses to retain top talent’

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WalesOnline - Business - Business News - Banks ‘had to offer bonuses to retain top talent’
THE banking bonus culture was a result of the need to compete with the increasing draw of hedge funds for talent, a City insider said yesterday.
http://www.walesonline.co.uk

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Super Bowl fuels gambling sites' extortion fears | ITworld
With the biggest sports-wagering event of the year just days away, proprietors of many online sports betting parlors, or sports books, are wondering whether their biggest day of the year will also be their last day in business. Sports books have suffered a plague of sustained distributed denial-of-service (DDoS) attacks in recent months that have knocked some Web sites offline for days or weeks. Other sites have been forced to pay protection money to keep their gambling operations online, and criminals are turning up the heat in preparation for Sunday's game.
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Bonus Culture: Treasury Select Committee Report Into Bank Pay Says Bonuses Encouraging Risk Taking | Business | Sky News
<p>The mega-bonus pay culture among banks encouraged a "lethal combination of reckless and excessive risk-taking", MPs have said.</p>
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