Changes affect 45 funds
Move comes after it emerged that Heike Pauls had briefed payment group’s managers about hedge fund’s criticism
Simon Cooper becomes internal ‘heir apparent’ to Bill Winters at emerging-markets lender
Germany’s second-largest lender earmarks ‘at least’ €1.7bn for losses, its second increase since November
The financing operations may take the form of bank loans or leasing transactions. The beneficiaries of this financing will have access to favourable financial terms via an onlending deal granted by the EIB.
This bonus season, bank bosses have a particularly delicate balancing act. The annual tradition of culling underperformers to preserve the overall bonus pool will be especially tough
Profit from lending is under pressure due to Europe’s negative interest rates.
Though HSBC is already cutting roughly a third of its US retail branches, offloading the unit would be cleaner.
CaixaBank-Bankia merger finalised
That compares with a ROTE of 10 per cent in the region this year.
The potential bonus rise comes after Deutsche CEO Christian Sewing said last month that employee morale had improved in the past year
Metro Bank said the sale created additional lending capacity and enabled it to focus on higher yielding assets, such as specialist mortgages and unsecured loans.
UK bank tells employees it failed to meet criteria for payouts in 2020
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Traders at JPMorgan say the pay freeze was expected.
The programme promotes women’s entrepreneurship and participation in business by assisting with access to finance, know-how and technical advice.
The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September
Starling has attributed its growth to its emphasis on sustainability over aggressive customer acquisition
The workforce will shrink by about 15%, with most reductions to start in 2022, Chief Executive Officer Robert Swaak said in an investor update on Monday.
Disagreement over pricing comes less than 2 weeks after banks confirmed the tie-up