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RBS may leave bonus pool flat for first time since financial crisis

Bloomberg Royal Bank of Scotland Group Plc is likely to leave its bonus pool little changed this year, according to people with knowledge of the matter, ending a spate of annual declines in payouts dating back to the financial crisis. A final decision on the discretionary awards hasn’t been made and will be taken in January, one of the people ...

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Bahrain Ithmaar Bank named country’s ‘best Islamic retail bank’

MANAMA / Emirates Business Ithmaar Bank, a Bahrain-based Islamic retail bank, was honoured at a ceremony attended by senior bankers from across the Middle East after it was named Best Islamic Retail Bank in Bahrain. Ithmaar Bank was presented the prestigious award following a comprehensive selection and review process conducted by a committee of high-level economists and banking professionals, as ...

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Wealth fund chief Orr named New Zealand central bank governor

Bloomberg Adrian Orr will oversee the biggest overhaul of New Zealand’s central bank since it pioneered inflation targeting in the early 1990s. Orr, 54, will begin a five-year term as governor of the Reserve Bank on March 27, Finance Minister Grant Robertson said in Wellington. A former deputy governor and chief economist at the RBNZ, Orr currently heads the New ...

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