 | | | | UBS will continue to have a progressive dividend and share buyback policy next year, Chief Financial Officer Sarah Youngwood said on Tuesday, despite the Swiss bank's expecting a slowdown in the global economy. | | | | | | Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the Russia-Ukraine war. | | | | | | France's banking groups agreed to limit fee increases to 2% next year, Finance Minister Bruno Le Maire said after a meeting with the country's FBF banking federation on Tuesday. | | | | | | Thrive Capital said on Tuesday that Walt Disney Co's former top boss, Robert Iger, will join the investment firm as a venture partner. | | | | | | Credit Suisse's Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of the bank, its head said in a media interview published on Tuesday. | | | | | | Wall Street banks look set to report better efficiency ratios in the second half of the year, a key metric that deteriorated as global economic gloom sapped income from traditional profit centers and costs surged amid a battle for talent, analysts say. | | | | | | JPMorgan upgraded Piraeus Bank to "overweight" and said it was positive on Greece's four big banks in a research report published on Tuesday. | | | | | | UBS Group plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after scrapping a $1.4 billion deal to buy Wealthfront. | | | | | | Singapore bank DBS Group set decarbonisation targets for its exposure to industries such as power, oil and gas, aviation and shipping, detailing the commitments as lenders globally face pressure to help fight climate change. | | | | | | Goldman Sachs Group Inc will cut jobs as early as this month after pausing the annual practice for two years during the pandemic, according to a source familiar with the plans. | | | | | |
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