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Deutsche Bank scraps senior bankers’ bonuses for 2016

  Bloomberg Deutsche Bank AG told senior employees on Wednesday that most of them won’t get an individual bonus for last year because of the lender’s performance. The decision affects vice presidents, directors and managing directors, as well as members of the management board, who will forgo their variable compensation, Frankfurt-based Deutsche Bank said Wednesday in a memo. A “limited ...

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QNB raising $1bn loan from Asian lenders

  Bloomberg Qatar National Bank (QNB), the largest bank in the Middle East and Africa by assets, is raising a $1 billion, three-year syndicated loan in the Asian bank market, sources familiar with the situation said on Wednesday. The Qatari lender is not new to the international loan market and has previously raised large debt facilities in both U.S. dollars ...

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Brazil’s animal ‘warriors’

  Soure / DPA After only a minute, sergeant Vitelli Cassiano’s patrol comes to an abrupt stop. There’s nothing he can do but wait. A huge, black cowpat splatters onto the sandy red track. Once his Asian water buffalo has relieved itself, however, it immediately returns to duty. For the last 23 years, the Brazilian policeman has been a proud ...

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