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Most HSBC managers won't get pay rises in 2016

HSBC Canary Wharf corner

The majority of managers at HSBC’s UK retail and wealth group will not receive a pay rise this year, a spokesman for HSBC confirmed this evening, despite the bank U-turning on a policy to enact a pay freeze.

UBS activist sold stake in bank


Knight Vinke Asset Management sold its stock in UBS as the activist fund, led by Eric Knight, said it remained concerned about the size of the Swiss company’s investment banking arm.



Deutsche Bank

Less stress at Deutsche Bank

Deutsche Bank scored higher in the European Banking Authority’s stress test this year than in 2014 in a sign that steps to bolster financial resilience are taking hold despite a tougher examination that took account of surging litigation costs.