Inside these posts: Financial services

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Average Wall Street bonus falls to $128,530

Wall Street workers may be feeling a little leaner. That’s because cash bonuses fell nearly 8 percent last year, according to New York State Comptroller Thomas DiNapoli. Bonuses paid to New York City workers in the financial securities industry fell to $20.8 billion in 2010. That’s a one-third drop in the bonus pool from 2007, before the financial crisis, DiNapoli said. Get the full story »

ShoreBank successor makes two hires

The successor to failed ShoreBank has added a new director and a new personnel executive.

Urban Partnership Bank of Chicago has tapped Martin Eakes, chief executive of the Center for Responsible Lending, a financial watchdog group based in Durham, N.C., for its board of directors pending regulatory approval.

“Martin has a deep understanding of the unmet financial services needs of the bank’s underserved urban communities and has strong ties to residents, entrepreneurs, and leaders of community organizations,” said William Farrow, CEO of Urban Partnership Bank.
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