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Friday's Headlnes: Another Sign More Pay Rules Could Be Coming

The U.S. could follow Europe and require bank executives to defer a portion of their pay under new rules set to be proposed by regulators. However, differences remain within the government. [FT]

JPMorgan's results confirm banks can't reduce compensation substantially even if they want to. [eFC-UK]

UBS says the battle for talent in Asia is putting cost pressures on the industry. This comes as Barclays, Deutsche Bank, and Citigroup are each hiring there.

[WSJ]

Greg Fleming was named president of Morgan Stanley's retail brokerage and Ken deRegt will lead fixed-income trading as part of the bank's management shakeup. [Bloomberg]

Minority-owned firm Siebert Brandford Shank & Co. continues to expand among the ranks of bond underwriting, following the hiring of 30 bankers from Lehman Bros., Bear Stearns and UBS. [San Francisco Chronicle]

SIFMA has recommended the creation of a self-regulatory organization to increase oversight of registered investment advisers.

[WSJ]

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AUTHORScott Krady Insider Comment

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