Bloomberg Goldman Sachs Group Inc. reduced chief executive officer Lloyd Blankfein’s annual compensation 27%, awarding him $22 million for 2016 after eliminating a long-term incentive award. Blankfein, 62, received $16 million in performance shares and a $4 million cash bonus, in addition to his $2 million salary, the New York-based firm said Friday in its annual proxy filing. Unlike …

  LONDON / Reuters Former Barclays chief executive Bob Diamond marked a return to investment banking in Britain with a Qatari-backed takeover of stockbroker Panmure Gordon, one of the oldest names in the City of London. Diamond, who left Barclays in 2012 during the Libor interest rate-rigging scandal, is making the move through his private equity firm Atlas Merchant Capital, …

  Bloomberg The S&P 500 Index could reach 2,600 as the global economy improves and corporate earnings climb, said Keith Banks, president of Bank of America Corp.’s (BofA) US Trust unit. “It’s natural to get nervous when you’ve seen the run that we’ve seen, but what I would bring things back to are underlying fundamentals,” Banks said in an interview …