Dick Grasso, chairman of the New York Stock Exchange (NYSE), has been handed a $140m (€128m) windfall as he agreed to stay on in his role until 2007.

Grasso is to cash in $140m that the NYSE has paid him in bonuses, other deferred compensation and pension contributions in the past few years.

Jeremy Adams in New York

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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NYSE hands $140m to chairman Grasso

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