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...As recently as January 2022, Deutsche Bank chief executive Christian Sewing said he was “very concerned” that the competition to hire staff had driven up remuneration costs across Wall Street, where pay rose...
...One outlier in Europe is HSBC, which increased its company-wide bonus pool by 12 per cent after its pre-tax profits for the year rose almost 80 per cent....
...Last month, NatWest announced that Paul Thwaite would be the bank’s permanent chief executive, having held the role on a temporary basis after his predecessor, Dame Alison Rose, resigned last summer over...
...Santander shares rose 32 per cent last year, though are down more than 40 per cent since Botín replaced her father Emilio as executive chair a decade ago....
...This article has been amended to reflect the fact that the number of executives earning more than €1mn fell last year rather than rose and that Barclays reported a £111mn net loss for the fourth quarter...
...On Monday Santander’s share price rose nearly 3 per cent....
...Profits in Santander’s corporate and investment bank rose 22 per cent in the third quarter, while profits in its wealth management and insurance division rose 62 per cent compared with a year earlier....
...Net interest income, the difference between the money lenders make on loans and pay out on deposits, rose 16 per cent year on year....
...Paul Thwaite, a NatWest executive who was appointed for an initial 12 months to succeed Rose, would also be under consideration for the role on a permanent basis....
...She was under early consideration for the chief executive job at NatWest after the departure of Alison Rose, the FT reported last month....
...UBS shares rose 6 per cent on Thursday morning, to their highest level since 2008....
...While both banks later denied the story, following the initial report and press coverage of it, Credit Suisse shares rose 12 per cent and State Street stock fell 5 per cent....
...Michael is a walker, and plans to hike from English coast to English coast along the 190-mile route famously devised by Alfred Wainwright....
...My first choice is Walker’s Low, not quite as low as labels say but an excellent spreader and blocker of weeds....
...The stock rose to its highest level since the 2008 financial crisis, extending a 31 per cent surge this year....
...A separate Council on Criminal Justice study of shoplifting found the number of incidents reported to the police rose in New York, Los Angeles and Dallas and four other US cities between 2019 and 2023, but...
...UBS’s lowball bid gradually rose to just over $3.4bn, a number both sides could live with....
...As interest rates rose rapidly, the value of those bonds shrunk, leaving SVB in a perilous position as customers began to withdraw their deposits and it failed to raise fresh capital....
...But when rates rose sharply last year, the value of the portfolio fell by $15bn, which was almost equal to the bank’s total capital, making it vulnerable to a wave of customers pulling their deposits....
...The Scottish government’s stance is “a disaster for everyone”, according to Walker....
...UBS shares rose 6 per cent on Thursday. I’m joined now by the FT’s European banking correspondent Owen Walker. Hey, Owen. Owen WalkerHey, how’s it going?...
Bank’s departure is latest blow to the east London financial district that rose in the wake of Thatcher’s ‘Big Bang’ reforms
...Profits at Raiffeisen’s Russian business rose 9.6 per cent to €867mn in the first six months of this year, with the Austrian lender raising pay for its Russia-based staff by €200mn....
...Rebecca Rose is editor of FT Globetrotter and FTWeekend Festival editor Share your FTWeekend Festival highlights in the comments below. And follow FT Globetrotter on Instagram at @FTGlobetrotter...
...The cost of insuring the cheaper MG4 rose from £554 last year to £711 in 2023....
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