Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.
The Verdi labour union is demanding a 15.5% pay rise for around 12,000 employees of Germany’s Deutsche Bank , according to a statement by the union on Thursday.
Generali said on Thursday it expected to book an after-tax gain of around 300 million euros ($329 million) in the fourth quarter of the year after selling its German specialised pension unit to Fosun-backed Frankfurter Leben.
Wells Fargo employees at its Albuquerque, New Mexico branch voted to join a union on Wednesday, while some of the other bank employees at the bank’s branch in Bethel, Alaska withdrew from the unionization effort.
U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser’s overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter.
Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
The board of Spain’s Bankinter on Wednesday said it would propose Gloria Ortiz as the bank’s new chief executive officer, replacing Maria Dolores Dancausa, to oversee a more diversified revenue strategy.
Prosecutors in Germany said on Wednesday they would move to confiscate more than 720 million euros ($790 million) from the Frankfurt bank account of a Russian financial institution, marking the country’s first such attempt.
Italy’s UniCredit has agreed with Italian unions to offer a voluntary early retirement scheme to 510 employees, the departures partly offset by 255 new hires, the First Cisl banking union said on Wednesday.
