DAILY BRIEFING: Bankers at BNP Paribas, Credit Suisse and Deutsche are the most unhappy about their pay-outs
Bankers at BNP Paribas are among the most unhappy about their pay-outs
BONUS BLUES Bankers at French lender BNP Paribas, Credit Suisse and Germany’s struggling Deutsche Bank are the most unhappy about their pay-outs, according to pay comparison website Emolument.
The happiest with their bonuses were staff at Natwest-owner Royal Bank of Scotland, followed by HSBC and Barclays, a survey of 2,530 bankers found.
DIVISION SOLD A group of retail and property entrepreneurs called Consortium Cynergy Capital is buying the Bank of Cyprus’s UK arm for £103million.
Consortium Cynergy Capital is led by cash-and-carry boss Pradip Dhamecha and Balbinder Sohal of property investor Seven Capital.
The banking arm has a £1.5billion loan book and £1.7billion of deposits.
BOSS QUITS One of Barclays’ most senior bankers has retired as chairman of its Europe, Middle East and Asia arm.
Makram Azar, who has been in the City for almost 30 years, is stepping down to spend more time with family following the birth of his son but will return next year as a senior adviser for Barclays.
Azar attended the Presidents Club dinner at London’s Dorchester hotel earlier this year, a charity function where waitresses were allegedly groped by bosses, but there is no suggestion he did anything wrong and his retirement is not said to be connected to the scandal.
RIVAL BOUGHT Accountants Cogital Group has acquired rival Wilkins Kennedy, which has 18 offices across London and the South East, in its largest deal to date.
HELPING HAND Digital bank Atom has turned its hand to business support, announcing it will help start-up firms in the north east of England by giving them access to a community of other entrepreneurs and technology specialists.
SEARCH DEAL Internet retail giant Amazon has teamed up with photo-messaging app company Snap to offer product searches to users.
The search will let customers identify songs and objects using a smartphone camera and purchase them online.
WEED WAR A court case against Monsanto began in the United States on Monday in which the US agricultural chemicals company has been accused of bullying scientists and suppressing evidence that its weedkiller increased the risk of cancer.
Monsanto rejects the claims.