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Kenya revises law to prop political coalitions ahead of vote

Bloomberg Kenyan lawmakers approved legislation backed by President Uhuru Kenyatta and opposition leader Raila Odinga, which will allow the formation of political coalitions without stripping constituent parties of their identities. Deputy President William Ruto and his allies opposed the Political Parties Amendment Bill as it will aid his main rival, Odinga, to set up a formidable alliance made up of ...

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Deutsche Bank plans to boost dividend after 3-year drought

  Bloomberg Deutsche Bank AG plans to further increase its dividend after resuming payouts following a huge restructuring that saw it exit equities trading and cut thousands of jobs. The decision to pay out 700 million euros ($790 million) through buybacks and dividends is an “important first step” in the bank’s commitment to pay out 5 billion euros ($5.60 billion) ...

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TD hiring 2,000 tech employees in 2022

  Bloomberg Toronto-Dominion Bank (TD) plans to hire more than 2,000 technology workers this year, more than six times the number added last year, pitting the lender against fintech firms in the war for talent. The hires come as the bank works to become more digitally focused, according to a statement, and follow the 300-plus technology roles added in 2021. ...

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