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...Ermotti has re-emerged as a leading spokesman for European banks since returning to UBS in the wake of its rescue of former rival Credit Suisse in the most significant merger in the sector since the financial...
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...The owners of boutique hotel chain CitizenM are working with bankers to explore options for the business, including a potential sale, as it seeks to expand following a rebound in the travel sector post-pandemic.Netherlands-based...
...After years of revenue falls, it isn’t a surprise to report that N Brown’s top line moved in the wrong direction in its latest half-year period....
...Soak it in: Bank of America frequently updates this futile but oddly charming mosaic, showing the best-performing assets each year since the turn of the century....
...of America....
...Bank of America’s Private Bank says 2024 will be “a foundational year in which investors are likely to enjoy the classic underpinnings of traditional asset allocation”, such as those provided by Bank of...
...Bank of America has tapped Lukas Poensgen as head of M&A for Germany, Austria and Switzerland, and Juan Vilarino Rumeu as head of M&A for Iberia....
...Many top wealth teams inside these banks — and UBS and Bank of America — have left in recent years to create their own independent firms....
...While Zambia remains in default, the central bank has been battling depreciation of the kwacha against the dollar and a revival of inflation....
...López Obrador has just six months left of his term — he is barred from re-election — and as his successor is likely to be less popular, they will want to avoid starting their rule with a conflict....
...As we wrote at the time, a merger would create Europe’s largest containerboard maker by matching Mondi’s low-cost mills with DH Smith’s box factories....
...the pension fund of a state-controlled bank that is among Vale’s top investors....
...The overall value of global mergers and acquisitions climbed 30 per cent to $690bn even as the total number of deals announced fell 31 per cent....
...In Italy, Vodafone has also held informal talks about a potential merger or partial disposal of assets with Swisscom-owned Fastweb, according to people close to the two companies....
...’s takeover of US Steel (FT) Deutsche Bank cuts cash bonuses by up to 50% over Postbank IT fiasco (FT) Will Douglas IPO be a dog or a darling?...
...Czech billionaire Daniel Křetínský has dropped plans to buy a unit of Atos, imperilling last-ditch efforts by the French IT company to avoid insolvency proceedings....
...In the modern age, as we saw in the case of Silicon Valley Bank, runs happen far faster than was ever imagined in the past....
...But, as Ebrahim Poonawala of Bank of America pointed out to me, the cause of the first problem, very fast growth, was acquisitions explicitly designed to solve the second problem, the concentration in regulated...
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...It is unconvinced by the Windsor framework agreed by London and Brussels earlier this year, which was designed to slash onerous customs paperwork originally agreed as part of the UK’s exit from the bloc....
...Cocini has been co-head of Bank of America’s global financial institutions group, which will continue to be led globally by Gary Howe, and in Emea by James Gill....
...In almost two decades at the top of JPMorgan, he has grown it into America’s largest bank by far with a market capitalisation approaching $500bn....
...By 1989, AmEx had issued tens of millions of cards and was the US’s largest asset manager as well as its most valuable financial firm, with a market value approaching $10bn....
...The potential deal comes at a time when US regulators are planning to reform bank merger rules in an effort to boost transparency and increase scrutiny of deals....
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