BlackRock (BLK) Declares $2.50 Quarterly Dividend; 2.1% Yield
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November 15, 2017 9:34 PM EST
By Paulina Duran
SYDNEY (Reuters) - Commonwealth Bank of Australia (NYSE: CBA) easily overcame protest votes against executive remuneration and board appointments at an annual general meeting on Thursday, as it tries to rebuild its reputation after a series of scandals.
The remuneration report gained 91.4 percent support, lower than the near-unanimous result most large Australian companies get for that item, but enough to protect the A$142 billion ($108 billion) lender from a mandatory board spill.
Shareholders also supported the appointment of a new independent director and three incumbents to the board... More
November 15, 2017 8:00 AM EST
FRANKFURT (Reuters) - U.S. buyout fund Cerberus [CBS.UL] has taken a 3 percent stake in Deutsche Bank , Germany's flagship lender said on Wednesday, making the fund one of its largest shareholders.
The private equity investor also built a 5 percent stake in Germany's second-largest listed bank, Commerzbank , in July.
Cerberus's combined purchases in Germany's top two lenders, valued at 1.7 billion euros ($2.0 billion), are adding fuel to speculation of a merger between the two.
But senior officials from both banks say privately that their restructuring efforts have some way to go before they would consider any... More
