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Mediolanum says Mediobanca stake no longer strategic

Italian asset manager Banca Mediolanum said on Tuesday its 3.3% stake in Mediobanca was no longer strategic, given the uncertainty over the bank's future governance after billionaire Leonardo Del Vecchio became its top investor.

Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.

Deutsche Bank names former German politician, critic to board

Deutsche Bank on Friday appointed https://www.db.com/newsroom_news/2020/sigmar-gabriel-nominated-to-join-deutsche-bank-s-supervisory-board-en-11462.htm former German government minister Sigmar Gabriel, who once criticised the lender for a business model built on speculation, to its supervisory board.

JPMorgan board raises CEO Dimon's pay to $31.5 million

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million (24 million pounds), the company said in a filing on Thursday.

Business News

Defying Trump, Johnson refuses to ban Huawei from 5G

Prime Minister Boris Johnson granted Huawei a limited role in Britain's 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications.