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On pages festooned with pink heart drawings, the ‘FOR HIM’ section offers discount laptop computers as well as a GoPro camera and wireless headphones, while the ‘FOR HER’ gifts include five different vacuum cleaners, a blender and a kitchen water tap. “The offer is from a third party source who manage their own marketing materials. HSBC is committed to gender diversity in the workplace,” a spokeswoman for the bank told Reuters. The controversy over the sexist implications of the advertising offer comes amid a widening debate about sexism and gender pay disparity in banking and wider industry.
HSBC disclosed in December that its gender pay gap, which measures the difference between the average hourly salary of men and women, grew to 61 percent in the year to April 2018, up from 59 percent personalised cufflink box a year earlier, The lender - which employs more than 40,000 people in Britain - had the widest gender pay gap of any large British company in 2017, HSBC said the large gap reflected the fact there were fewer women in senior roles and more in junior ones, reflecting an industry-wide problem, The bank said it was taking steps to bridge the gap, including targeting an increase in the ratio of women in senior management roles to 30 percent by 2020, from 23 percent today..
FRANKFURT (Reuters) - Deutsche Bank said it has done enough to get its investment bank back on track as Chief Executive Christian Sewing came under renewed pressure from top investors. “We completed our adjustments ahead of schedule and now have a good foundation for growth,” the bank said in an emailed statement on Thursday. One major investor wants Sewing, who is less than a year in office, to act more quickly to turn around its investment bank, a person familiar with its thinking told Reuters.
A second top investor thinks that the U.S, personalised cufflink box investment banking business is still too big and contributes too little to Germany’s biggest lender, another person said, “We have adjusted our footprint in our Corporate & Investment Bank and in the U.S, already in 2018, including reducing our leverage exposure by more than 100 billion euros,” the bank said, after a Financial Times report on the demands, Sewing last year trimmed the investment bank, mainly affecting the equities division and the business that serves hedge funds in New York and London..
However, the Financial Times reported that four of the bank’s 10 biggest shareholders want the lender to make further cuts at its investment division, particularly the United States. The FT report, citing unidentified sources, said at least four members of Deutsche Bank’s supervisory board shared the view. Neither of the people familiar with the thinking of the two major investors elaborated on the specific changes they want. Shareholders were split into three camps, the person familiar with the thinking of the second investor told Reuters.
“There are those who are calling for a merger with Commerzbank, others who would prefer to split up the bank and another that wants a managed downsizing, which would include a shrinking of the U.S, investment bank,” the person said, Weak earnings among Germany’s largest banks have heightened speculation that the German government may engineer a merger of the country’s two biggest lenders, For Deutsche Bank, a bigger than expected loss in the fourth quarter and weakness at its investment bank overshadowed news earlier this month personalised cufflink box of its first annual profit in four years..
TOKYO (Reuters) - The chief executives of Japan’s Nissan and Mitsubishi Motors met with the newly appointed chairman of Renault in Tokyo on Thursday and reaffirmed the importance of their three-way alliance, Mitsubishi CEO Osamu Masuko said. Masuko made the comments to reporters after what he said was a nearly two-hour meeting at a Tokyo hotel. Separately, Nissan Motor CEO Hiroto Saikawa told reporters that the issue of a merger between Nissan and Renault did not come up, nor did the issue of Nissan’s chairmanship.
BERLIN (Reuters) - European Union antitrust rules could be reformed to personalised cufflink box introduce a two-stage review of mergers that would examine competition issues and then broader public interests, said the head of a German commission tasked with coming up with reforms proposals, Germany and France want to overhaul EU mergers rules following the European Commission’s veto of efforts by Siemens and Alstom to create a European rail champion to compete with larger foreign rivals, Achim Wambach, who heads the German commission charged with presenting reform proposals, said a two-stage review of mergers could first look at competition issues and then at broader public interests - such as security issues and the impact on consumers..