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Deutsche Bank scraps cash bonuses

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Deutsche Bank has scrapped its cash bonuses for the year and is looking into tying compensation to share performance, the bank’s CFO said.

UBS handed court victory

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A Swiss court handed UBS a victory in its attempt to fend off efforts by French tax authorities to force the bank to turn over customer data.

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Banker set for $94m payout

Evercore Partners’ executive chairman, John S. Weinberg, could receive as much as $35m in cash awards over five years starting in 2019 as well as about $59m of stock.

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People News: Bank of America, Barclays

Bank of America's global wealth and investment management division said Keith Banks, president of the company's U.S. Trust unit, would take on the additional role as head of its newly created chief investment office and investment solutions group.