The U.K. is implementing a one-time, 50% tax on parts of the bonuses banks pay to employees. Bankers are less than thrilled. Bill Radke talks to Andrew Hilton, director of the Center for the Study of Financial Innovation.
Citigroup is looking to pay back $20 billion of its TARP loan. The Wall Street bank wants to free itself from what it feels is excessive limits imposed by the pay czar. Bill Radke talks to Marketplace's Ashley Milne-Tyte.
Wine is struggling with a retail trade-down as more people are purchasing the alcohol in stores than out somewhere on the town. But hard liquor still has loyal customers and drink specials keeps bar attendance flowing. Jeremy Hobson reports.
With unemployment high and budgets low, employers are grappling with the idea of ditching their annual holiday party. And some offices are using the time as an opportunity to let employees donate efforts to charity. Jeff Tyler reports.