Bloomberg Hungary’s defense minister said an overhaul of senior-level military brass was underway in the NATO member state, which he called necessary to open the way for a new generation of leadership. The timing of the changes — with war raging on in neighboring Ukraine — has sparked criticism from opposition ranks that see it as an attempt to …

  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% …