Lehman Brothers chairman and chief executive officer Richard Fuld saw his pay rise 31% to $34.5m (€29m) last year on the back of the bank's record earnings.

Fuld got a $13.8m cash bonus and a base salary of $750,000 for 2005, according to a filing with the Securities and Exchange Commission, the US regulator.

Anuj Gangahar in New York

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.

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The deal with Vietnam seeks to stop Chinese-made goods from transiting through the Southeast Asian country to avoid higher duties.

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The precision-measurement company has withdrawn its recommendation for its previously agreed takeover offer from Advent International.

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

Dollar Trims Gains as Investors Brace for Cooling Jobs Market

The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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Lehman chief's pay rises to $34.5m

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