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Slovakia detains four suspected of spying for Russia

Bloomberg Police in Slovakia, a Nato and European Union (EU) member bordering Ukraine, detained four people suspected of spying for Moscow and expelled three Russian diplomats in response. Russia paid the suspects “tens of thousands of euros” for sensitive or classified information, Special Prosecutor Daniel Lipsic told journalists, a day after the detentions and the diplomats’ expulsion. Two people were ...

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European banks take steps to insulate IT systems in Russia

  Bloomberg European banks operating in Russia are preparing to separate those business from their main computer systems to reduce their vulnerability to cyber-attacks following the invasion of Ukraine. Commerzbank AG is preparing to cut off its Russian unit from its system as one potential scenario and already has the ability to rapidly sever the connection through what’s internally known ...

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Wells Fargo lifts CEO Scharf’s pay 20% to $24.5mn for 2021

  Bloomberg Wells Fargo & Co raised Chief Executive Officer (CEO) Charlie Scharf’s pay 20% for 2021, a year in which profit recovered and shares advanced more than most of the bank’s rivals. The board paid Scharf $24.5 million for his second full year atop Wells Fargo, up from $20.3 million for 2020, according to a filing. The package consisted ...

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