Deutsche Bank enters the WhatsApp chat

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Bad break-up In a move that would have been unthinkable just two years ago, Alibaba and Ant Group have begun untangling their operations, competing for clients and even striking alliances with respective rivals as Beijing increases its corporate crackdown, Reuters reports.

The €75,000 that Deutsche Bank chief Christian Sewing is relinquishing amounts to 1.4% of his €5.2mn bonus, which is part of a total pay award of €8.

When the Malaysian-American executive pressed a $142bn takeover of chipmaker Qualcomm, he sought help in Washington by redomiciling Broadcom to the US and participating in photos at the White House supporting then-president Donald Trump’s corporate tax cuts.

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Article Details

Author / Journalist: Francesca Friday

Category: MarketsFinanceInvesting

Topics: Board Deutsche Messaging Revlon Vmware Financial Company Deal Corporate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 04:00:15

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 9 minutes read

Article Length: 1570 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 7200

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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