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Mirae Asset’s $43bn subsidiary names Ryan O’Connor as chief executive
...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...Derek Bok, Harvard’s longest-serving living president, who ran the university from 1971 to 1991 and again from 2006 to 2007, told the Financial Times: “Letting in people because their parents are rich and...
...The financial industry association also declined to comment....
...Marc Rowan, the head of Apollo Global Management, separately led a campaign against the University of Pennsylvania, which sparked the resignation of Scott Bok, chair of the board of trustees....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...BlackRock said it had “paid all of its UK corporation tax, including the payment some time ago of all tax due in relation to this matter”, and that the “purpose of this hearing relates to the operation of...
...Harvard has a 12-strong corporation and a broader board of 32 overseers. Board members sometimes come from a narrow range of fields and many do not have academic backgrounds....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...I am reading in the FT that Martin Gruenberg, chair of the US financial regulator, the Federal Deposit Insurance Corporation, has criticised the rescue of Credit Suisse (“Credit Suisse rescue deal was unhelpful...
...“Investors basically invest at their own risk, but the financial firms will have to take responsibility for their acts if they neglected their duty of protecting customers,” said FSS governor Lee Bok-hyun...
...Bok’s day job at Greenhill would also become part of the controversy....
...Davie’s speech comes as the broadcaster contends with huge financial challenges as a result of a government-imposed two-year freeze in the licence fee, which is payable by all households who watch live TV...
...Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation, the chair of the Federal Deposit Insurance Corporation...
...Miles Celic, chief executive of financial services lobby group The CityUK, welcomed the announcements....
...“Mr Biden’s recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points.”...
...Scott Bok, the chair and chief executive of Greenhill & Co, is set to collect as much as $78mn in payouts as a result of the boutique bank’s $550mn sale to Japan’s Mizuho Financial Group....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...They also expect the corporations with which they interact as shareholders, consumers and employees to be equally proactive....
...“I have a policy: there is no such thing as deal breakers,” Hayward told the Financial Times in an interview....
...If the guidelines come into force, it will be the first time since the financial crisis that the watchdog has updated its rules governing takeovers....
...To be sure, there may be instances when a sale to a mega bank will minimise both financial and social costs....
...Declining tax rates accounted for a hefty 22 per cent of the profit growth of S&P 500 non-financial groups in the three decades to 2019, a study by the Federal Reserve’s Michael Smolyansky has shown....
...In April the Enforcement Directorate, the country’s financial crimes agency, launched an investigation into the BBC....
...What regulator could be against safer banks at the heart of our financial system?...
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