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Deutsche Bank weighs 4% base salary hike for staff

Bloomberg Deutsche Bank AG is considering giving some of its top earners in Germany and other key markets an elevated salary increase to help offset surging inflation, while cutting bonuses for investment bankers who’ve seen weaker performance. For staff not covered by standard wage agreements, base pay is likely to rise by as much as 4% on average, people familiar ...

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Crypto may spur next financial crisis: RBI head

  Bloomberg Reserve Bank of India (RBI) Governor Shaktikanta Das warned that failing to regulate cryptocurrencies could ignite the next financial crisis and urged the adoption of a new e-Rupee for digital banking needs. “Cryptocurrency has certain huge inherent risks for our macroeconomic and financial stability,” Das said at an event in Mumbai, pointing to the implosion of FTX as ...

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Chinese banks edge out Wall Street competitors in global IPO rankings

  Bloomberg Chinese lenders have leaped ahead of their Wall Street peers in global rankings for initial public offerings, as China wraps up a record year for listings which bucked one of the worst slowdowns in deals history. CITIC Securities Co pushed ahead of Goldman Sachs Group Inc as the top underwriter of IPOs this year, followed by China International ...

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