Average Wall St. bonus up 15% to $164,530 US

CBC News Posted: Mar 12, 2014 9:44 AM ET Last Updated: Mar 12, 2014 8:31 PM ET The average Wall Street banker's bonus last year rose to the highest level since the recession, and up to the third highest figure on record, new data out of the N.Y. state comptroller's office showed Wednesday."Wall Street navigated through some rough patches last year and had a profitable year in 2013," New York State Comptroller Thomas P. DiNapoli said. "Securities...

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Economy will rebound after rough winter, OECD says

Brutal winter weather is holding back the global economy, but it's on track for solid growth later in the year, a major economic think-tank says.The Organization for Economic Co-Operation and Development said in its quarterly assessment for the global economy that the world's developed economies are generally performing strongly and getting back to levels of growth and activity that existed before 2008, when the recession began.It's a different...

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Luxembourg kills EU tax haven crackdown

The Associated Press Posted: Mar 12, 2014 1:40 PM ET Last Updated: Mar 12, 2014 1:40 PM ET European Union finance ministers failed once again Tuesday to agree on a sweeping new policy to fight tax evasion because of resistance from Luxembourg, a tiny country that long has prospered from a secretive banking culture.EU Taxation Commissioner Algirdas Semeta said their failure was disappointing because, if approved, the legislation proposing an EU-wide...

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Ontario woman accused in penny stock fraud calls investor losses 'horrifying'

An Ontario woman who was part of a massive penny stock fraud scheme says she thought she was just helping her boyfriend build his business and now feels terrible about the loss of investors' money."This is the worst conceivable thing in the whole world," Andrea McCarthy told a sanctioning hearing at the Ontario Securities Commission on Wednesday."People worked hard their whole lives to have money and to have it taken away from them is horrifying,"...

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