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Search resuls for: "Alison Rose's"


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[1/2] Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - British watchdog the Financial Conduct Authority said on Friday that it had identified potential "regulatory breaches" in NatWest's handling of a decision to close former Brexit party leader Nigel Farage's accounts. NatWest said it would disclose a decision on whether to dock its former CEO Alison Rose's pay over the matter "as soon as possible". "This report, and additional information we have considered, has highlighted potential regulatory breaches and a number of areas for improvement," the FCA said in a statement, adding it was reviewing the firm's governance, systems and controls. Reporting by Carolyn Cohn and Iain Withers, editing by Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Nigel Farage's, Farage, Alison Rose's, Travers Smith, Alison Rose, Carolyn Cohn, Iain Withers, Lawrence White Organizations: FCA, Financial, Authority, REUTERS, British, NatWest, Thomson Locations: London, Britain
But while Rose's departure means Europe's 25 biggest banks by assets are still 96% male-run, an analysis by Reuters has found that broader executive management teams have become slightly more balanced since last year. Top management teams at Europe's largest lenders are now 30.6% female, data compiled by Reuters shows, up from 25.6% for the same group of banks in early 2022. Reuters GraphicsAcross the broader financial services sector, however, a recent study by EY found that hiring of women at board of directors level in Europe had actually dipped. Companies appointed women to 44% of board openings in the 12 months through June 2023, down from 52% during the previous year. The overall gender split has nevertheless improved to 43% female and 57% male on the boards of European financial firms, EY found, from a 37%/63% split a year ago.
Persons: Alison Rose's, Isabelle Ferrand, Ann Francke, EY, Brenna Hughes, Tom Sims, Iain Withers, Jesus Aguado, Catherine Evans Organizations: NatWest, Reuters, Reuters Graphics, UBS, European, Chartered Management Institute, Companies, Thomson Locations: ZURICH, Europe, Frankfurt, London, Madrid
LONDON, Feb 21 (Reuters) - HSBC cut its annual bonus pool by 4% to $3.4 billion in 2022, the bank said on Tuesday, as a global slump in dealmaking led it to trim awards for its bankers. Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to 5.6 million pounds ($6.7 million), from 4.9 million pounds the prior year. Once long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. The bank's bonus pool for staff was slightly smaller than the $3.5 billion paid last year. Rival NatWest raised its bonus pool by nearly a quarter to 368 million pounds in earnings last week, and almost doubled CEO Alison Rose's pay package to 5.2 million pounds.
Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to 5.6 million pounds ($6.7 million), from 4.9 million pounds the prior year. Once long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. The bank's bonus pool for staff was slightly smaller than the $3.5 billion paid last year. HSBC's rival NatWest raised its bonus pool by nearly a quarter to 368 million pounds in earnings last week, and bumped up CEO Alison Rose's pay package to 5.2 million pounds. Barclays meanwhile trimmed its bonus pool slightly, but still paid out 1.8 billion pounds in bonuses.
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