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Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing Credit Suisse takeover
Bank had to break leases to vacate defunct rival’s buildings
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Analysts estimate changes could require between $15bn and $25bn of additional capital for the lender
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...The Philippine Atmospheric, Geophysical and Astronomical Services Administration has forecast that temperatures could reach as high as 52C over the country’s hot and dry season....
BNP Paribas and Deutsche Bank reduce bonus pool but industry expects upswing in activity this year
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit Suisse
...It is also prepared to lose some former Credit Suisse clients who are overly reliant on borrowing from the bank without paying enough for other products and services....
Exit leaves barely any senior managers from failed Swiss bank remaining at combined group
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...My guest is James Shotter, the FT’s correspondent in Jerusalem who’s been covering the events of the past five months. How is the Gaza conflict reshaping Israel’s politics?...
Proxy adviser ISS raises threat of potential revolt at Spanish lender’s AGM
...Rishi Sunak urges Tories to unite as he bets on an improving UK economy Rachel Reeves pledges to borrow only to invest under Labour fiscal rules UK’s electoral landscape swings into volatility UK civil service...
Swiss bank says it plans to buy back up to $1bn in shares this year
Dealmaker is stepping back just as Europe’s largest private equity firm prepares for public listing
...This is why we need friends and allies to build a resilient and economically efficient supply chain that can build an enduring industry,” says Book from Clearview....
...Michela Tindera That’s the FT’s China tech correspondent Ryan McMorrow. Earlier in the year, Baidu had released its first AI chatbot called Ernie Bot....
Insurer is defending a $400mn London lawsuit seeking a payout for soured loans
...In a day of high legal drama, Tesla filed twin lawsuits against the Swedish Transport Agency and national postal service over their refusal to deliver number plates for its cars due to action by postal workers...
...I moved to Beijing this month, one of a trickle of correspondents recently granted entry to mainland China after expulsions and the pandemic drained our numbers....
António Simões takes helm of insurance group in need of next long-term growth driver after corporate pension deal frenzy
...Now, 16 months on and with no end to their military service in sight, relatives are increasingly clamouring for their release....
...Some 27mn registered voters will cast their ballots against a backdrop of soaring unemployment, rolling power blackouts and poor service delivery....
...Mandatory returns to the office, restoration of normal public transport services, and, perhaps, a determination on the part of some pandemic-scarred workers to pursue business as usual, have prompted a gradual...
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