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Deutsche may sell tech unit to Tata Consultancy

Bloomberg Deutsche Bank AG is in advanced talks to sell a technology services unit to Tata Consultancy Services Ltd, Asia’s biggest software exporter by market value, people with knowledge of the matter said. The discussions about Bonn-based Postbank Systems AG are expected to result in a deal with the Indian company by the end of the year, the people said, ...

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Asia’s richest banker explores takeover of IndusInd

Bloomberg Kotak Mahindra Bank, backed by Asia’s richest banker, is exploring a takeover of smaller Indian rival IndusInd Bank, people with knowledge of the matter said, a move that would create the nation’s eighth-largest financial firm by assets. Uday Kotak, founder and chief executive officer of Kotak Mahindra, is looking at the possibility of an all-stock acquisition, one of the ...

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UBS to boost fixed salaries, cut bonuses

Bloomberg UBS Group AG plans to raise the fixed salaries for some of its more senior employees by as much as 20% to prevent poaching by competitors. A review at Switzerland’s largest bank found differences in base pay among employees in the same roles, and when compared with competitors, people familiar with the plans said. As a result, UBS plans ...

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