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european bank ceos see record salaries amid rising profits in 2024

In 2024, Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bankers with a salary of 15.6 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros, marking a 32% increase. The average salary for CEOs of the top 10 European banks was 7 million euros, driven by exceptional profits from rising interest rates. Despite the substantial compensation, criticism arose regarding the high pay of bank executives, prompting Unicredit to defend Orcel's salary increase as essential for long-term commitment in a competitive market.

deutsche bank proposes dividend increase amid cost-cutting and economic challenges

Deutsche Bank has proposed a dividend of €0.68 per share for fiscal year 2024, pending shareholder approval at the AGM on May 22, 2025. The record dates for dividend eligibility are May 26 for Germany and May 23 for the U.S., with payments expected on May 27. The bank also plans to cut its branch network and reduce 2,000 jobs in retail banking by 2025 as part of a cost-cutting initiative.

Commerzbank shares rebound while Deutsche Bank also sees gains

Commerzbank shares surged by 7.3% to €22.49, leading the Dax, while Deutsche Bank rose by 2.3% to €22.31. Despite a recent decline of 11% over four trading days, Commerzbank has seen a 43% annual gain, supported by the 50-day trend line at around €20.80.

CERN publishes feasibility study for new super accelerator project

Sergio Ermotti, Chairman of UBS, topped the list of highest-paid bankers in Europe for 2024, earning 14.9 million francs. Following him is Unicredit's Andrea Orcel with 13.2 million euros, and Deutsche Bank's Christian Sewing at 9.8 million. Many banks benefited from rising interest rates, leading to increased profits and remuneration.

deutsche bank upgrades aj bell to buy amid regulatory uncertainties

Deutsche Bank has upgraded AJ Bell to 'buy' from 'hold' while lowering the price target to 480p from 500p, following a 17% drop in shares since the downgrade in December 2024. The bank highlighted unresolved regulatory issues regarding interest margins on client cash, which could significantly impact revenue. However, UK government pressure for growth and deregulation may influence the regulatory landscape moving forward.

deutsche bank assigns hold rating to installed building products with price target

Deutsche Bank has initiated coverage on Installed Building Products, assigning a "Hold" rating with a price target of $183. The company specializes in residential insulation installation and offers a range of complementary building products, operating through three segments: Installation, Distribution, and Manufacturing. Its services cater to both residential and commercial construction markets across the continental United States.

Sergio Ermotti tops Europe's banker earnings with 15.6 million euros in 2024

In 2024, UBS CEO Sergio Ermotti topped the list of Europe's highest-paid bankers with earnings of €15.6 million, followed by UniCredit's Andrea Orcel at €13.2 million, marking a 32% increase. Deutsche Bank's Christian Sewing rounded out the top three with €9.8 million. The surge in salaries is attributed to significant bank profits and rising stock prices.

sergio ermotti tops european bank ceo earnings in 2024

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among European banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel received the largest raise, bringing his total to 13.2 million euros, while Deutsche Bank's Christian Sewing followed with 9.8 million euros. Other notable figures include Santander's Hector Grisi at 8.3 million euros and BBVA's Onur Genc at 7.3 million euros, with the lowest compensation reported at 2.6 million euros for Credit Agricole's Philippe Brassac.

highest paid european bank ceo in 2024 is ubs sergio ermotti

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among Europe's largest banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel followed with a significant raise to 13.2 million euros, while Deutsche Bank's Christian Sewing earned 9.8 million euros. Many banks benefited from rising interest rates, leading to increased profits and higher compensation for executives.

alter domus names former socgen executive as head of client partnerships emea

Alter Domus has appointed a former executive from Société Générale as the head of client partnerships for the EMEA region. The new leader brings over 20 years of experience from prominent financial institutions including HSBC, Citi, Deutsche Bank, and Morgan Stanley.
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