Bloomberg Europe’s biggest bank payout-plan failed to excite investors who’ve grown accustomed to fat payout ratios and dividends at Intesa Sanpaolo SpA. The Milan-based lender said it will disburse more than 22 billion euros ($25 billion) to shareholders through 2025. While that put it ahead of Italian rival UniCredit SpA in the contest to offer Europe’s bank investors the ...

  Bloomberg Bank of America Corp (BofA) boosted Chief Executive Officer Brian Moynihan’s compensation 31% to $32 million for 2021, a year in which the firm set a record for profitability. His package includes $1.5 million in salary and a $30.5 million in stock-based incentive awards, the Charlotte, North Carolina-based lender said in a filing. A year ago, Moynihan took ...

  Bloomberg As interest rates finally inch up, European banks are telling investors to expect something they haven’t seen in almost 15 years: returns in the teens. Several of the region’s top lenders recently raised their profitability targets as they expect higher income from lending. The upgrades range across the whole of Western Europe, from Nordea Bank in Helsinki to ...