Royal Bank of Scotland has set up a team of people to look at how the pay packages of chief executive Stephen Hester and other senior executives should be modified to avoid future confrontation with politicians over big bonuses. (Financial Times)

It’s like Christmas all over again – for a lucky handful at least. In the high-class homes of Notting Hill, the mansions of Connecticut and luxury towers of Hong Kong, investment bankers are eagerly waiting for their bonus cheques to land. (Guardian)

PT Morgan Stanley Asia Indonesia, the local flag of one of the top US investment banks, has come close to securing a brokerage seat at the Indonesia Stock Exchange (IDX) in order to tap the growing stock market in Southeast Asia’s top economy. (Jakarta Post)

Australian fund manager Perpetual said Monday that chief executive Chris Ryan agreed to step down following a disagreement with the board. (Wall Street Journal)