Deutsche Bank AG has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to further improve cost management, according to a memo seen by Reuters on Tuesday.
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.
Swedbank said it would be able to handle any fines relating to a Baltic money-laundering scandal on Tuesday as fourth quarter profit fell by less than some analysts had forecast, lifting its shares.
Barclays said on Tuesday oil prices will be impacted by $2 per barrel on the potential economic fallout from the coronavirus outbreak in China.
Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on Thursday in more than $58 million (44 million pounds) in fines against eight former executives at the bank.
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 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.
Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.
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.
Fears about the future of energy assets have led to a sell-off, but this has created "very good opportunities" for the Carlyle Group , its founder, David Rubenstein, said on Thursday.
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.