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HSBC’s CEO faces UK questions over HK account freezes

Bloomberg HSBC Holdings Plc’s Chief Executive Officer (CEO) Noel Quinn is set to appear before the UK Parliament Foreign Affairs Committee to answer questions over the lender’s moves to freeze accounts of activists in Hong Kong, according to an exiled lawmaker. Quinn is listed as a participant, along with Colin Bell, the bank’s chief compliance officer, at private and public ...

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Morgan Stanley’s Gorman top-paid big bank CEO

Bloomberg Morgan Stanley Chief Executive Officer (CEO) James Gorman leaped past JPMorgan Chase & Co.’s Jamie Dimon as the best-paid CEO of a major US bank. Morgan Stanley boosted Gorman’s pay 22% to $33 million for 2020, when the Wall Street bank posted its third consecutive year of record earnings. His pay includes $1.5 million in salary and a $7.88 ...

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Deutsche Bank probes sales of investment banking products

Bloomberg Deutsche Bank AG is conducting an internal probe after receiving complaints that some bank employees sold risky investments to clients who didn’t properly understand them, and then shared the profits. “We initiated an investigation in relation to our engagement with a limited number of clients,” a bank spokesman said in a statement following a Financial Times report, adding that ...

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