Bloomberg Canada’s banks are spending 1.9% more on bonuses for fiscal 2022 than they did a year earlier, despite a dramatic slowdown in investment-banking activity, as they try to retain talent in the hope of a recovery in the year ahead. The country’s six largest lenders set aside C$19.4 billion ($14.5 billion) for performance-based compensation in the fiscal year ...

  Bloomberg UBS Americas President Naureen Hassan will add responsibility for several digital-focused teams that previously were part of the global wealth-management operation. Hassan, who joined the Swiss bank in October, will oversee the expansion of UBS’s digitally customized banking services, the build-out of wealth management’s digital capabilities, electronic strategy and platforms, and smart technologies and advanced analytics, according to ...

  Bloomberg Credit Suisse Group AG shares surged the most in more than two years after Chairman Axel Lehmann said liquidity was improving and the huge outflows of client assets that spooked markets were coming to an end. Withdrawals at the Swiss lender, which surged to about 84 billion francs ($90 billion) earlier this quarter after rumours about the bank’s ...