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Barclays raider’s strategy is wrong, say analysts

Bloomberg Analysts at Citigroup Inc and Berenberg poured cold water on Edward Bramson’s plans to obtain a seat on Barclays Plc’s board and shift its strategy away from the investment bank. “We believe Mr Bramson will ultimately prove unsuccessful in his objective to obtain a board seat,” said ana- lysts at Citigroup including Andrew Coombs. He “would need a shareholder ...

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Thailand bank merger could give Scotiabank path to exit from nation

Bloomberg A bank merger in Thailand may finally give Bank of Nova Scotia a path to retreat from the Southeast Asian nation after three years of trying. Thai lenders Thanachart Bank Pcl and TMB Bank Pcl are in talks to merge in a deal supported by Thailand’s government. Such a transaction could give Canada’s Scotiabank — which owns 49 percent ...

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HSBC reveals gender pay gap widened to 61 pct

Bloomberg Pay for female staff at HSBC Holdings Plc’s UK business fell further behind male colleagues’ in the last year, according to new figures from the London-based bank. Women at HSBC earned 61 percent less on average compared with male employees at the lender, a wider gap than the 59 percent difference the firm reported a year ago, already the ...

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