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NatWest plans to pay cash bonuses to senior bosses

  Bloomberg British bank NatWest Group Plc plans to start paying its management cash bonuses, warning that compensation levels are falling “too far” behind competitors. The UK’s biggest corporate lender is seeking to introduce annual bonuses plus restricted share plan awards to replace the current long-term incentive program, the bank said in its annual report. The changes, which are subject ...

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BlackRock sees record credit ETF trading

  Bloomberg The world’s largest provider of exchange-traded funds is bracing for a record year of trading in its flagship European credit fund as uncertainty about the timing and severity of central bank tightening pushes investors into more liquid instruments. BlackRock’s iShares euro corporate bond fund has already seen a daily average of more than 300 million euros ($341 million) ...

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After old boss foes, Barclays traders have a new champion

  Bloomberg Jes Staley departed Barclays Plc under a cloud because of an ongoing probe into his relationship with deceased offender Jeffrey Epstein. But his strategy for the British lender — to champion its investment bank — is set to outlast him. As his replacement as chief executive officer, CS Venkatakrishnan, prepares his maiden quarterly earnings presentation this week, Staley’s ...

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