Bloomberg The European Union (EU) should improve its state aid rules and consider more green-transition funding to offset possible distortions from the new US climate and tax law, said European Commission President Ursula von der Leyen. Her remarks came a day before the US-EU Trade and Technology Council ministerial meeting to be held at the University of Maryland, where the ...

  Bloomberg Across Wall Street, this year’s bleak expectations for banker bonuses are rapidly proving true, as a slump in dealmaking ends the industry’s war for talent and firms regain the upper hand in setting pay. JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by ...

  Bloomberg HSBC Holdings Plc is cutting as many as 15% of its 2,000 senior operations managers worldwide, according to Reuters. The reductions are to streamline its management ranks and reduce costs, Reuters said, citing unnamed sources. The cuts, which are already underway, are global and across business units, largely affecting positions with the title of chief operating officer, it ...