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...financial year (Horta-Osório had waived an initial award in 2019 when a review first found shortcomings in the compensation process)....
...Martin Luther King Day Bond and equity markets will be closed in the US for a public holiday. What else we’re reading Has Sony become the entertainment group it always wanted to be?...
...Sir Martin Sorrell’s S4 Capital raised gross profit guidance for the third time this year, with the marketing group now targeting 40 per cent like-for-like growth versus 35 per cent previously....
...US markets were closed today for Martin Luther King Jr Day....
...settled one of the most explosive feuds in its history, reaching an out-of-court agreement with its former star wealth manager Iqbal Khan as it prepares for its first quarterly results under chair António Horta-Osório...
...Chair António Horta-Osório unveiled a restructuring of the troubled lender, which will consolidate its wealth management division and streamline its investment bank. Owen Walker has more here....
...MoMA once held a garden party to celebrate Black’s “important contributions to the cultural community” alongside those of Hollywood auteur Martin Scorsese....
...Additional reporting by Martin Arnold in Frankfurt, and Anjli Raval and Eva Szalay in London...
...So will two other Oxford professors, Peter Horby and Martin Landray, who led clinical trials of Covid treatments....
...On Thursday, all eyes will be on new chair António Horta-Osório, tasked with guiding the ailing 165-year-old bank through the chaos....
...Job moves Simpson Thacher & Bartlett has hired Martin Bell as a partner based in its New York litigation department....
...Chart du jour: Banking on Suisse success Veteran banker António Horta-Osório is set to be confirmed as chair of Credit Suisse tomorrow....
...Job moves Lloyds boss António Horta-Osório will step down from the UK bank at the end of June 2021 after more than a decade in charge....
...António Horta-Osório, chief executive of Lloyds Banking Group, has been rumoured to be a contender, although he recently committed to staying at the UK lender for another three years....
...The bank has already achieved one of the lowest cost to income ratios in the industry, in part by shedding more than 30,000 jobs since chief executive Antonio Horta-Osório took charge in 2011....
...Since Mr Horta-Osório took charge of Lloyds in 2011 he has reinforced his reputation as a determined cost-cutter, reducing total staff numbers by 30 per cent....
...Mr Horta-Osório has committed to maintaining the largest branch network in the UK, in line with its market share of 21 per cent....
...Davies might not have got the job as Aston Martin chairman, as City Insider reported last week. But he’s hardly underemployed. Next month he becomes chairman of the Lawn Tennis Association too....
...Martin Gilbert is a man used to complicated relationships....
...This month, it unveiled plans to cut 930 jobs in its 70,000-strong workforce, part of Mr Horta-Osório’s drive to lower expenses and digitise the bank....
...Lloyds’ chief executive António Horta-Osório was said to be delighted. “He is not a man you want to cross,” says one person close to the talks....
...Despite Lloyds’ revived earnings power, chief executive António Horta-Osório ruled out making buybacks a more frequent occurrence: “We decide a buyback with a 12-month horizon so we will continue with the...
...Lloyds said in a separate statement on Monday that it was cutting 930 jobs as part of the three-year strategic plan to be presented by chief executive António Horta-Osório later this month, which includes...
...Martin Arnold contributed additional reporting Photographs: Jack Latham; Lloyds Banking Group Archives; Chris Ratcliffe/Bloomberg; John Li/Getty Images; Universal History Archive/UIG/Getty Images...
...Read more on FT.com Horta-Osório signals determination to remain at Lloyds Bank António Horta-Osório plans to remain as chief executive of Lloyds Banking Group to oversee an overhaul of the bank, defying...
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