Barclays Execs Give Up Bonuses

Bob Diamond and Rich Ricci may not live up to their names at Barclays this year.

Chief Executive Diamond and corporate and investment banking head Ricci have decided not to take a bonus for this year. The decision comes as a result of a somewhat embarrassing investigation that found Barclays employees were submitting false London and euro interbank offered rates. Employees also tried to influence other banks' submissions.

The bank was fined $450 million by the Financial Services Authority in the U.K. and the Commodity Futures Trading Commission and Department of Justice in the U.S.

In addition to Diamond and Ricci, Chief Operating Officer Jerry del Missier and Group Finance Director Chris Lucas will decline a bonus for this year.

Employees shouldn't expect bigger bonuses just because their bosses aren't taking anything out of the pool, however. It may just offset some of those fines.

Cantor Hiring (FINS)

Here's one bright spot amid the dark cloud that is the current finance industry. Cantor Fitzgerald plans to hire 1,000 people over the next several years. Talk about an upgrade.

Layoffs in Florida (Miami Today)

Bank of America will hand 130 employees pink slips in Hialeah, a city in South Florida.

Apology Needed (WSJ)

Nomura Chief Executive Kenichi Watanabe apologized for trouble caused by the probe into his firm's insider trading activity. Shareholders didn't seem to mind, as they re-elected him to his office.

Research Hiring (BusinessWire via MarketWatch)

If you're a research whiz, you may want to consider a job outside the financial sector. Bloomberg LP is hiring research analysts for a new product.

A Picture's Worth (Business Insider)

Look at the red line to see the profit per employee in financial services. Then look at the blue to see every other industry. Pretty astonishing.

Finding Each Other (FINS)

M.B.A. students and Wall Street firms are still running toward each other with open arms. And now boutique advisory firms want to share the love.

Gender Issues (Here is the City)

New research finds that women struggle to fit in and be respected at hedge funds no matter their experience, not just when they arrive as newbies.

Work Events (Dealbreaker)

If you're a senior banker at Barclays and are not otherwise busy fixing LIBOR rates, you best show up to a farewell event with analysts or else you're gonna hear about it from this guy.

Buzz Around the Office

A Tip of the CAP (The Hindu)

Office drones and keyboard jockeys can make their virtual voice heard on Thursday by celebrating INTERNATIONAL CAPS LOCK DAY, a biannual holiday that began in 2000.

List of the Day: Get the Salary You Deserve

Silence is the key to getting the figure you're aiming for.

1. When HR names a number, say "Hmm." Be quiet and they may up the offer.

2. Know the industry standard so you can counteroffer effectively.

3. Use "we" language. You've been offered the job, so you already have leverage.

(Source: MoneyWatch)