compensation
UBS Chief Executive Officer Sergio Ermotti earned 14.4 million Swiss francs (€14.7 million) in compensation for his nine months on the job in 2023, according to the bank's annual report. This is more than what the CEO of HSBC, Europe's biggest bank, received last year, sending Ermotti to the top of the best-paid European bank executives' list. He rejoined UBS in April 2023 to orchestrate the multi-year work of the emergency takeover of Credit Suisse, after serving as CEO of the banking group from November 2011 to October 2020. Ermotti's pay package is more than that of HSBC's Noel Quinn (€12.4...
Euronews (English)
People in the UK who bought a car using a loan between 6 April 2007 and 27 January 2021 could have been charged unfair rates. That’s the verdict from the Financial Conduct Authority (FCA), who have launched an investigation into the matter. The inquiry, set to be concluded in September, will determine whether banks knowingly deceived customers through discretionary commission deals. UK middle earners 'struggle' to make ends meet despite £60k salaries Sir Jim Ratcliffe wraps up Manchester United minority stake dealThis means that brokers, or car dealers, were allowed to adjust the interest rate...
Euronews (English)
New York (AFP) - A US judge on Friday ordered Argentina to pay nearly $16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalization of the YPF oil giant. In a ruling that expanded on a prior judgment in favor of Petersen Energia and Eton Park Capital, federal judge Loretta Preska set the amounts that Argentina must pay the two firms in compensation. Preska ordered the South American nation to pay $7.5 billion in damages and $6.85 billion in interest to Petersen Energia. She also ordered Argentina to pay about $1.7 billion, between damages and in...
AFP
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