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BOE deputy governor faces bankers’ ire

  Bloomberg The Bank of England’s (BOE) newly appointed deputy governor remains under pressure this week as she awaits a lawmaker report on her conduct. Parliament’s Treasury Committee is reviewing Charlotte Hogg’s position after she admitted she didn’t disclose that her brother works at Barclays, which the BOE regulates. The Sunday Times newspaper reported that some commercial bankers have said ...

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UBS reduces bonus pool, CEO pay in ‘challenging year’

  Bloomberg UBS Group AG handed out the smallest bonuses in four years and lowered Chief Executive Officer Sergio Ermotti’s payout as profit slumped last year. The bank cut the bonus pool for 2016 by 17 percent to 2.9 billion Swiss francs ($2.9 billion), according to its annual report. Ermotti, 56, remains the highest-paid executive at the Zurich-based lender, with ...

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Dollar receipts at Egypt Central Bank improved

  Bloomberg Egypt’s external finances improved following the Nov. 3 decision to float the pound, the central bank said, as inflows from investments, remittances and exports picked up. The balance of payments surplus grew to $5.1 billion in the October to December period, from $1.9 billion in the previous quarter, the regulator said in a statement on its website. The ...

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