Bloomberg National Bank of Canada Chief Executive Officer Louis Vachon is stepping down after 14 years and will be succeeded by Laurent Ferreira atop the country’s sixth-largest bank. Ferreira, 50, who was promoted to chief operating officer in February, will take over as CEO on November 1, the Montreal-based lender said. Since taking the reins in 2007, Vachon, 59, helped ...

Bloomberg Bank of America Corp is boosting base salaries again, lifting pay for junior bankers across the firm to $100,000 from $95,000 in a bid to remain competitive in the war for young talent on Wall Street. The company will pay that amount to first-year analysts in the global corporate and investment-banking, global-markets and global-research divisions, according to a person ...

Bloomberg Ford Motor Co, firing back at a lawsuit filed by General Motors Co, is asking the US government to strip GM of its trademark for “Super Cruise,” the name of its hands-free driving feature, and “Cruise,” the name of its self-driving affiliate Cruise LLC. Ford is asking the US Patent and Trademark Office to rescind the trademarks so “the ...