In a memo to executives, American Airlines Holdings Inc stated, it aims to apply for up to $12 billion in government aid, and ensure no involuntary layoffs or pay cuts occur in the next six months. Under a stimulus package,… Read More ›
executives
Standard Chartered likely to face shareholder revolt over CEO pay package
Standard Chartered wants to pay its CEO 474,000 pounds in pension allowance, in addition to a fixed salary in cash as well as shares worth 2.4 million pounds. On Wednesday, in a development that marks the latest revolt over bosses… Read More ›
Trump has broad support for his trade reform push against China
Trump is determined to fix China’s trade relationship with the U.S., an issue that he has railed against for years, long before he even stood for the U.S. Presidency. Although U.S. President Donald Trump’s “America First” policy has angered many… Read More ›
Renault’s chairman to meet Nissan’s CEO in Japan later this week
The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›
MiFID II increasing pressure on margins on mid-to-small brokerages
Although regulators introduced MiFID II in order to bring about increased transparency and ensure that investors get a fairer deal, but with the reduced cost of market research, the market dominance by large financial institution is quickly becoming an issue…. Read More ›
Deutsche Bank AG mulling high-level shakeup
Sylvie Matherat, Deutsche’s chief regulatory officer and a potential departee, has expressed concerns regarding constraints on improving financial-crime controls and mending the bank’s relationships with regulators. As per a report from the Wall Street Journal, Deutsche Bank AG is mulling… Read More ›
Australia’s largest listed wealth manager staring at class action lawsuit
Its Chairwoman and legal counsel have resigned with immediate effect. Analysts expect more heads to roll in the coming weeks. On Monday, following damaging revelation of inappropriate behavior at AMP, Australia’s largest-listed wealth manager, Catherine Brenner, its chairwoman and Brian… Read More ›
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