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Voters in Switzerland have approved a referendum to curb executive pay. The move comes less than a week after the European Union announced plans to cap banker bonuses.
Wall Street paid out an estimated $20 billion in bonuses last year, as trading profits surge. Still banks are warning of more layoffs.
Several of Europe's biggest banks are reporting billion dollar losses today and yet, banks are handing out billions in bonuses and getting a lot of flack for it.
*The Mid-Day Update is a five-day-a-week podcast from the Marketplace Morning Report co-hosted by Bill Radke and Steve Chiotakis that wraps up the...