Banking Bonuses Biggest Drop Since 2008

M&A

M&A Deals Hit 10 Year Low

Q1 of 2023 hasn’t been kind to M&A deal flow. Deals reached a 10 year low.


BANKING

Banking Bonuses Biggest Drop Since 2008

Wall Street bankers’ bonuses dropped 26% in 2022, the biggest drop since 2008. In unrelated news, coffee shops see drop in demand for lattes and avocado toast…


COMPLIANCE

Wells Fargo Gets Hit with $98M Fine Due to Non-Compliance

I could have copied and pasted this news item from past coverage of Wells Fargo…as the bank was sanctioned and fined $98M for inadequate compliance oversight in dealings with sanctioned countries such as Iran, Syria and Sudan.

BTW, if you want to level up your compliance game, you’ll want to check this out.


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