Wells Fargo & Co. became the latest bank to get the green light to pay back the money it borrowed from Uncle Sam at the height of the financial crisis.
The San Francisco-based firm said it planned to sell $10.4 billion in shares which will allow it to give the government back the $25 billion in taxpayer financing. It has been required to raise far less capital than other TARP giants because it doesn't have a large investment-banking operation.
All nine of the big TARP banks are now on track to free themselves from the government's yoke.
Santander U.K. is on its way to become a full-service commercial bank -- and is planning hires as part of its expansion. The bank, a unit of Spain's Banco Santander SA, is hunting for 600 workers for bank branches in the U.K.
The U.K. financial regulator is making full use of its newly increased authority to cap bonuses and shut down alternative methods of paying out bonuses such as "non-recourse" loans.
Hedge fund startups in the Asian city-state are set to be increasing at a rapid pace after the Monetary Authority of Singapore approved a set of rules that said that small funds can keep operating without a license.
Related: European Hedge Funds Flustered by New Rules
At a time when personal branding is more crucial than ever in getting noticed during a job search, there are few better ways to promote yourself than to tap into a site designed for just that. But beware of the possible pitfalls: Putting too much of yourself out there and compromising your professional reputation.
Related: Can You Find a Finance Job Through Twitter? | Five Finance Feeds Worth Following