Bloomberg The Bank of England (BOE) has agreed a 3.5% pay rise for its 4,200 staff and a one-off 1% salary top-up this year under a sub-inflation deal that has been accepted by the union. The increase in the overall pay pot will be targeted at lower paid staff to protect them against the worst of the living standards ...

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 ...