Weekly Global News Wrap: Bank of America's senior bankers receive pay raise; UBS buys wealth mgmt provider Wealthfront

And Deutsche Bank said it’ll undertake a $339m share buyback.

From Reuters:
Bank of America is raising the base salary for senior bankers, according to sources, in an attempt to retain top talent.

The bank already said that 95% of its employees will get special compensation awards with a total value of nearly $1b.

From Reuters:
Swiss bank UBS is acquiring US-focused automated wealth management provider Wealthfront in an all-cash deal the two companies said was worth $1.4b.

Wealthfront reportedly has more than $27b in assets under management and more than 470,000 clients in the US.

The deal is set to close in the second half of 2022.

From Reuters:
Deutsche Bank announced that it would undertake a $339 (€300m) share buyback and pay a dividend for 2021.

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Bank of America

Deutsche Bank

UBS

Bank of America salary raise

UBS acquires Wealthfront for $1.4b

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