Tuesday's Headlines: 2010 Looks to be a VERY Good Year for Pay
Despite a slew of bad news on bonuses and hiring, pay on Wall Street could reach an all-time high for the second straight year. [WSJ]
Citigroup plans to hire 7,500 staff in China over the next three years and add commodities traders and private bankers in North America. [Bloomberg]
Morgan Stanley fired a software developer after he allegedly violated the firm's code of conduct when a subway conversation led to an ill-advised video profile of himself.
CEO and other senior level hiring is on the rise, with financial institutions focusing on new revenue opportunities created by growth in emerging markets and wealth management. [Marketwatch]
Credit Suisse's hiring of ex-Morgan Stanley banker David Chene may signal the firm's return to distressed debt after it closed the business in late 2008. [Financial News]