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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...The move is an edict from Andy Sieg, who runs Citi’s wealth management division and joined the company last year from Bank of America....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...Morgan Stanley and Goldman Sachs are the lead bankers on the deal....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...A shake-up at PR house Brunswick Acting as spin-doctor for the world’s biggest companies can be a performance art....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...One senior Citi banker said Raghavan was viewed as having “done a good job” at JPMorgan and had “a lot of credibility”. “It’s great for Jane,” the banker added....
...Accommodating customer allocations, which are usually small, is messy for bankers but issuers count on it buying goodwill and custom....
...the company in as many years....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...A string of companies could follow Reddit into the US stock market in the coming months, bankers believe, after shares of the social media group leapt 48 per cent on their debut....
...Recruiting Raghavan brings an end to a high-profile HR gambit by Citi’s chief executive Jane Fraser, who left the banking job vacant when she unveiled the company’s new five-division structure in September...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...He was a former investment banker who closely followed the industry and made a canny trade, in his telling....
...into bank parent companies....
...And a court fight to start: A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting...
...In today’s newsletter: Jane Fraser’s bold hire at Citigroup Private credits hunt for yield Sequoia’s clean-up job Citi bets on one of JPMorgan’s top bankers Investment bankers at JPMorgan Chase sometimes...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Chief executive, and former JPMorgan banker, Matteo Del Fante has used both to good effect....
...European bankers have the bonus blues Break out your smallest violin and start playing a sad song for Europe’s investment bankers....
...Stefania, a banker living in Paris’s trendy 10th arrondissement, has been renting out the studio next to her apartment on Airbnb for the past year and half....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...The financial services plan will be launched on Thursday at a Labour business day attended by 400 business leaders, including from companies such as Google, Shell, AstraZeneca, Airbus and Goldman Sachs....
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