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N Ireland government on hold over ‘Brexit row’

  Bloomberg Northern Ireland’s Democratic Unionist Party cranked up the prospects of a prolonged political crisis following the resignation of the region’s First Minister, warning it won’t return to the power-sharing Executive unless issues related to Brexit are resolved. “The DUP will not be involved in forming a government in Northern Ireland until those issues have been satisfactorily addressed,” the ...

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Intesa’s $25bn pledge fails to wow well-served investors

  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 ...

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BofA CEO Moynihan gets a 31% raise to $32mn

  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 ...

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