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Standard Bank’s dual CEOs get 43 percent pay hike

  Bloomberg The combined compensation for Standard Bank Group Ltd.’s joint Chief Executive Officers Sim Tshabalala and Ben Kruger rose 43 percent after full-year profit climbed by a third. Kruger’s total pay was 30.79 million rand ($2.1 million), including incentive awards amounting to 22 million rand, giving the CEO an increase of 61 percent from a year earlier, according to ...

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Bank of America taps Rizzo as head of EMEA investment bank

  Bloomberg Bank of America Corp appointed Luigi Rizzo as head of investment banking in Europe, the Middle East and Africa as the bank gives some senior employees newly expanded responsibilities in that division. Rizzo will report locally in his newly created role to Bob Elfring, head of EMEA corporate and investment banking, according to the memo, which was obtained ...

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Deutsche Bank co-CEO, ex-officials cleared in Munich fraud case

  Bloomberg Deutsche Bank AG co-Chief Executive Officer Juergen Fitschen and four former bank officials were acquitted of charges that they lied to judges during a more than 14-year-old dispute with a German media mogul. The men were cleared after almost one year of trial at a Munich court Monday. The charges against defendants including former CEOs Josef Ackermann and ...

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