• Employees at Goldman Sachs can expect the "biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year." [Guardian]
• Banks like Merrill Lynch, UBS and Citigroup are "hiking pay for their top investment bankers in an attempt to stop an exodus of talent." [FT]
• Bill Gross of Pimco has "emerged as one of the nation's most influential financiers." How do we know this? Tim Geithner has him on speed-dial. [NYT]
• Russian-American billionaire Len Blavatnik is suing JPMorgan for allegedly mismanaging an investment account with $1 billion in assets. [NYT]
Jack Welch is lending his name to a new online MBA program. [WSJ]
• Warren Buffett auctions off lunch every year for charity. The bidding is open, but it's not expected to rake in the fortune it did in years past. [Guardian]