FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson
- Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defense against activist investor Edward Bramson ahead of next week’s annual meeting, the Financial Times reported on Monday. The British bank is cutting bonuses as part of a cost-cutting measure to enhance returns at the bank’s underperforming investment division, the FT said, citing several people briefed on the plans.
Monday was a public holiday in Britain and Barclays was not immediately available for a request seeking comment. Earlier this month Barclays urged shareholders to oppose New York-based Bramson’s bid to be appointed to the bank’s board at its annual general meeting on May 2.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany reportedly won't exclude Huawei 5G technology — if the company follows the rulesGermany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported. 🤣🤣🤣🤣 US Snowden credibility issue in terms of tech
Source: CNBC - 🏆 12. / 72 Read more »
How a top VC went from carrying Steve Jobs' bags during the Apple IPO to betting on companies that can lower costs and make going to the doctor less terribleOak HC/FT managing partner Annie Lamont's focus has shifted from biotech, to health IT, to companies like One Medical. She helps oversee $1.1 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor. The whole point of 'uber' is that it's part of the on demand gig economy. If robots are doing it, then I won't use the service. Not that I trust people more but these folks aren't driving cause they like the smell of fumes and sitting in traffic.
Source: latimes - 🏆 11. / 82 Read more »
Uber CEO's advice for his 22-year-old self: 'Get the hell out of investment banking'Uber CEO's advice for his 22-year-old self: 'Get the hell out of investment banking.' via CNBCMakeIt MakeIt I wouldn’t take his advice seriously. MakeIt 😉 MakeIt
Source: CNBC - 🏆 12. / 72 Read more »
Goldman Sachs ETF chief breaks down new investment trendThe space for exchange-traded funds is broadening, with major institutions like Goldman Sachs now moving towards factor-based investing. Goldman's ETF chief explains the draw of buying based on appealing characteristics.
Source: CNBC - 🏆 12. / 72 Read more »
Abu Dhabi's real estate investment law reforms are 'gaming changing,' developer saysThe relaxing of foreign real estate investment laws in Abu Dhabi will create jobs and stoke demand for property, according to Aldar Properties CEO Talal Al Dhiyebi.
Source: CNBC - 🏆 12. / 72 Read more »
Foxconn says it remains committed to Wisconsin investment projectTaiwan's Foxconn said on Friday it remains committed to its contract to bui... Where r my churches? Pffffft. So people from Wisconsin can jump off the roof.
Source: Reuters - 🏆 2. / 97 Read more »
Uber wins $1B investment from Toyota, SoftBank fundJapanese car giant Toyota and investment fund SoftBank Vision Fund have unveiled an investment of $1 billion in US ride hailing company to develop self-driving vehicles.
Source: trtworld - 🏆 101. / 63 Read more »