Goldman Sachs pay pot for bankers surges by more than 20%
London bankers at Goldman Sachs have seen a 20% pay increase in the first quarter of the year due to a surge in stock-based bonuses and lifted bonus caps. [ more ]
U.S. Approves Investment Product Tied to Popular Cryptocurrency Ether
Federal regulators approved Ether-linked investment product, potentially boosting crypto industry and promoting wider adoption of digital currencies. [ more ]
Private equity and insurance companies piling into residential mortgages
Increased demand for residential mortgages by private equity and insurance companies is driven by various factors including the end of the rate-hike cycle and favorable capital treatment. [ more ]
Germany has strict limits on borrowing, enshrined in the German constitution, that require the federal government and states to balance their budgets without taking on new loans.
The debt brake was introduced in 2009 and aims to secure the state's financial capacity to act while relieving future generations of extensive debt burdens. [ more ]