Bloomberg Wells Fargo & Co raised Chief Executive Officer (CEO) Charlie Scharf’s pay 20% for 2021, a year in which profit recovered and shares advanced more than most of the bank’s rivals. The board paid Scharf $24.5 million for his second full year atop Wells Fargo, up from $20.3 million for 2020, according to a filing. The package consisted …

  Bloomberg Citigroup Inc is setting up a new hub in Malaga, Spain, where it plans to hire 30 analysts, as part of the banking giant’s efforts to retain staff. The lender hopes the Andalusian city, with more than 8 miles (13 kilometers) of coast line along the Mediterranean Sea, will offer employees a better work-life balance and help curb …

  Bloomberg HSBC Holdings Plc has agreed to sell its 15 Greek bank branches to Pancreta Bank SA, the latest move by the lender to cut back some of its operations outside of Asia. Subsidiary HSBC Continental Europe has reached an “in-principle agreement to sell its branch operations in Greece,” according to a statement. No financial terms were disclosed and …