Investor advisory firm Glass Lewis has recommended that Barclays’ shareholders vote against its bosses’ pay because of long-term bonuses awarded to one former executive who was finance chief when the bank sold billions of pounds of securities in error.
Morgan Stanley said on Thursday that Chief Executive Officer James Gorman’s annual pay was $39.4 million in 2022, nearly 13% higher than a year earlier.
Abu Dhabi Commercial Bank PJSC (ADCB) is in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad loans, Bloomberg News reported on Thursday, citing people familiar with the matter.
Pakistan’s Silkbank said on Thursday it is in talks about a potential investment of up to 50 million euros ($54.5 million) by International Commercial Bank (ICB) of South Sudan.
Investor advisory firm Glass Lewis has recommended shareholders in Barclays vote against its pay for top bosses because of long-term bonuses awarded to its former finance chief at a time the bank sold billions of pounds of securities in error.
Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in the sector.
Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application.
For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers’ cash parked in their accounts for longer.
Up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder fiscal footing and meet climate and development goals, according to a Boston University report released on Thursday.
The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank.
