Bloomberg Investec Chief Executive Officer Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week. The usually buzzing escalators that criss-cross the four-story building in Sandton, South Africa’s business capital, were eerily silent. He was one of only 440 employees in an office block normally occupied by 10 times that number. Two ...

Bloomberg Deutsche Bank AG asked its top managers to join executive committee in foregoing a month’s pay after the lender resumed a sweeping job cuts program to reduce expenses. “As our restructuring plans progress, the management board and the group management committee have decided to lead by example and give a broader group of senior managers the opportunity to be ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has congratulated President His Highness Sheikh Khalifa bin Zayed Al Nahyan, on the occasion of Eid al-Fitr. He wished President His Highness Sheikh Khalifa good health and well-being to continue the nation’s development drive, ...