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...As opposed to shareholder-owned banks, where excess capital is often returned to investors, mutuals use profits to reinvest in the business or benefit customers....
...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...Raiffeisen said the large volume of postings was due to employee retention problems....
...The collusion scandal is the latest in a series of high-profile misconduct cases in the sector, which a group of MPs branded a “wild west” in 2021....
...Thousands of members of the pension plan of collapsed retailer Debenhams are to have their retirement benefits restored under a groundbreaking deal for the UK’s nascent “superfund” market....
...The bank said last month it would cut jobs in its risk function, after management found it was a “blocker” to the transformation plan....
...The Biden administration is drawing up plans to require goods produced in Jewish settlements in the occupied West Bank to be clearly labelled as coming from there, according to US officials, another sign...
...Its employee headcount in Russia has increased since 2022, and the division is now the single most profitable part of its international network, responsible for half of all earnings last year....
...However, Colin Barnes, a director at employee benefits consultancy Aon, cautioned that many such strategies were “box ticking”....
...Israeli commandos disguised as Arab doctors and patients killed three Palestinian men after entering a hospital in the occupied West Bank, with the Israeli military claiming they were planning future attacks...
...Tesla’s plan to bring forward the launch of more affordable models lifted the electric car company’s shares despite reporting a decline in quarterly sales....
...Violence committed as part of this process forced over 1,200 Palestinians from their homes across the West Bank in the first 16 weeks of the war, according to UN data, more than in the preceding 22 months...
...Social Influence Israel grapples with ‘Eichmann’ dilemma over Hamas attack trials World heading for hot 2024 after records ‘shattered’ in 2023, says WMO The west’s handling of the pandemic beat its own...
...Another portfolio business, Duos, alerts people to health plans and the full array of services they are eligible for....
...Isabel Schnabel, one of the most influential voices on the ECB’s board, said in a speech on Wednesday that the central bank may benefit from adopting some of the ideas raised by former Fed chair Ben Bernanke...
...Some good news A town in Finland is set to benefit from the world’s biggest sand battery....
...But other members of the central bank’s Monetary Policy Committee are warning against reducing rates too soon....
...Clip: World Economic Forum Free links to read more on this topic: Washington puts forward G7 plan to confiscate $300bn in Russian assets The west would harm itself with rash seizures of frozen Russian...
...Singapore is on a mission to reassure international banks that the financial hub can remain stable and neutral at a time of rising tension between China and the west....
...Meanwhile, Hunt has given £105,261 over the past five years to his South West Surrey constituency Conservative association to help bolster his chances of re-election, the Guardian revealed....
...The insolvency sector has earned an unwanted reputation as a “wild west” after high-profile cases in which practitioners were found to have had conflicts of interest....
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...The proxy goes on to say: None of the amounts in this column individually exceeded the greater of $25,000 or 10% of the total amount of these perquisites and other personal benefits shown in this column...
...the pension plans of public employees — has already scored wins this proxy season at two big Wall Street banks....
...The building society said it did not plan to “make any material changes to the size of the Virgin Money employee base in the near term”. Virgin Money employs about 7,300 people....
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