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HSBC sees high-level shakeup amid revenue fall

HSBC Canary Wharf

HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.

European bank CEO pay

Five Euro Note

Germany is home to Europe's best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.

Fears of German recession as moment of truth looms

Angela Merkel Close Up

Just days before Germany's much anticipated third quarter gross domestic product (GDP) data is released, business leaders and policy makers warn that the euro zone's largest economy has lost its competitiveness and is on the brink of a recession.

Mixed bonus news

Piggy Bank

A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year.

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