Bloomberg Bank of America Corp (BofA) is rewarding the majority of its employees with a pool of restricted stock, boosting compensation to retain workers in an otherwise gloomy economic environment. The incentive, which comes on top of regular compensation, goes to staff who earn up to $500,000 in total annual pay, according to a memo from CEO Brian Moynihan. About 96% ...

Bloomberg The central bank of Nigeria expects at least 2 trillion naira ($4.3 billion) of cash to return to banks by January 31 when the deadline to replace high-value currency notes ends. Residents exchanged as much as 1.5 trillion naira of the old notes as of last week, Governor Godwin Emefiele told reporters in Abuja. “We are hoping that getting ...

  Bloomberg Barclays Plc is appointing Taylor Wright and Credit Suisse Group AG veteran Cathal Deasy as its new investment banking chiefs in a major reshuffle of its top dealmaking ranks. John Miller and Jean-Francois Astier, the current co-heads of investment banking at the UK firm, are set to leave those roles, according to an internal memo seen by Bloomberg ...