Compliance

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Greg MacSweeney
Greg MacSweeney
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Casino Banking, Quant Schools, Bad Banks, Clawbacks and More

JP Morgan's $2 billion trading gaffe continues to make headlines, closely followed by Facebook's IPO, as well as the search for tech talent and quants. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
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3. Clawbacks

"It's all well and good to talk about clawbacks, but there are not many instances where they have been used."

— Kenneth Feinberg, the former U.S. government special pay master under the Troubled Asset Relief Program, who is now a lawyer in private practice.

Source: The Wall Street Journal

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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