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...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...His successes include a landmark overhaul of pensions in 2019, helping secure the independence of the central bank, as well as a host of microeconomic reforms aimed at increasing the ease of doing business...
...Ana Botín, Santander’s executive chairman, said: “The recovery of our business is progressing well, and the third quarter was significantly stronger than the second”, when the bank reported the first loss...
...Ana Botín, executive chairman of Santander, the eurozone’s largest lender, told a financial services conference in March that there was a possibility the bank would see only a 5 per cent drop in earnings...
...Santander chief Ana Botín, writing in the FT, says the failure to agree a common response is fuelling dissatisfaction in countries such as Italy over the perceived lack of solidarity from Brussels....
...Industry is doing really badly — the key lies in whether the services sector has started to make a recovery,” said William Jackson, chief emerging markets economist at Capital Economics....
...The FT’s partner in staging the event, consultants FGV Projetos, hosted the roundtable at its offices in São Paulo, Brazil’s business capital....
...But it is the banking sector where the economic recovery — as well as the more recent rebound in the real estate market — has been particularly felt....
...“Obviously there is a lot less volatility in the markets and the costs of doing business have skyrocketed,” Doug Cifu, chief executive of Virtu told the FT....
...Leonid Bershidsky takes aim at the World Bank’s ease of doing business index: “Inept governments love the annual survey on ease of doing business because it doesn’t reflect reality.”...
...Recruiting new managers and maintaining a presence in local communities – as we are doing – helps. But for this model to work cost-effectively, banks’ operations and IT need to be more efficient....
...George Osborne dismissed fears that the housing market was overheating on Wednesday as he warned that the UK’s economic recovery still had a long way to go....
...Mr Bostock is to become deputy chief executive of Santander UK, a division of the Spanish bank, with a view to potentially replacing Ana Botin as chief executive, according to people close to the process...
...recovery....
...In doing so, it would be able to build on an economic record that is not quite as grim as some bond market investors seem to think and exploit a democratic system more stable than the recent protests suggest...
...doing business in China....
...ANA PATRICIA BOTIN, 46 Chairman, Banesto If there was much to admire in Ana Patricia Botin as the highest-ranked businesswoman in Europe last year, there is even more now....
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