Citi is considering divesting some foreign consumer units
Bank is weighing divesting certain units across retail banking in the Asia-Pacific
Source: gulfnews.com
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Bonuses to Disappoint Bankers After Banner Year for Finance
Bonuses to Disappoint Bankers After Banner Year for Finance Bloomberg 2/20/2021 Lananh Nguyen (Bloomberg) -- After a stellar year for trading and dealmaking, European bankers are joining their American counterparts in learning their bonuses won’t be quite as impressive. Popular Searches Credit Suisse Group AG, which contended with major legal hits and writedowns last year, reduced its bonus pool by about 7%. Deutsche Bank AG will boost bonuses for its traders by more than 10%, but it was forced to scale back an initial plan to increase annual payments by roughly a third af...
Source: msn.com
FT Partners plans for $400 million SPAC - Morgan Stanley arm eyes bitcoin - Top people moves on Wall Street
Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: FT Partners and Bregal Sagemount are teaming up on
Source: businessinsider.in
Bank of America, Citi trim CEO compensation for 2020 in year of restraint
Bank of America and Citigroup trimmed compensation for their chief executives in 2020, a year in which banks exercised restraint in compensating employees as the pandemic ravaged the economy.
Source: americanbanker.com
Citigroup, Bank of America Cut CEO Pay
Citigroup Inc. and Bank of America Corp. had slashed their CEOs' 2020 pay.
Source: bangkokpost.com