Bloomberg UBS Group AG will pay a $40,000 one-time bonus to its global banking analysts when they are promoted, doubling what some competitors are offering, as lenders seek to reward younger employees weighed down by a surge in dealmaking. Starting as soon as this month the Swiss bank will pay the sign-on bonus to analysts promoted to associates on top …

Bloomberg Nomura Holdings Inc. announced business partnerships at home, Australia and New Zealand as Japan’s biggest brokerage seeks to move past a $2.9 billion hit from the implosion of Archegos Capital Management. Nomura signed an agreement with three regional Japanese banks to set up a joint venture to provide remote financial consulting services. It also struck up an alliance with …

Bloomberg Commerzbank AG increased the amount it will pay for a job cuts program to more than 2 billion euros ($2.4 billion), as Chief Executive Officer Manfred Knof overhauls the lender to boost profitability. The German bank’s anticipated costs of “slightly above” 2 billion euros compares with an earlier estimate of about 1.8 billion euros. The lender raised its estimate …