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...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
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...At 19, Collardi got his first job as an apprentice at Credit Suisse. “I thought, I’ll work hard and maybe, by the time I’m 40, I could become a branch manager in Nyon [where he grew up]....
...Seven global banks control investment banking operations in mainland China — HSBC, Goldman Sachs, JPMorgan, Credit Suisse, Morgan Stanley, UBS and Deutsche Bank — however, only HSBC has so far set up a CCP...
...Blackstone will integrate its insurance and credit arms in a move signalling the importance of its fastest-growing businesses....
...Amid such technicalities as hold-to-maturity bond hedging, it is easy to forget the basic flaw of the banking industry. It depends for its survival on trust outweighing fear in the minds of depositors....
...Apple has considerably more global reach and consumer trust than most banks. Is it any wonder, then, that it is slowly but surely turning into a financial institution?...
...The union of Credit Suisse and UBS will have enormous bearing on the stability of global banking....
...The firm advised on product design and compliance with Hong Kong and Singaporean banking regulations....
...And I think what you find is that oftentimes there is a lack of trust. I was born in 1940. People in my community, they didn't trust the banks because the banks collapsed....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...an offshore trust....
...But some depositors such as Xu have already lost trust in the system....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...It could also bring in the help of private credit firms such as Ressler’s Ares. The private lender sits on billions of undrawn capital and doesn’t have banking assets to worry about....
...Last March, it announced €750mn in funding from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management, bringing its financing total to around $1bn....
...analytics company....
...Before the 20th century, money was viewed as a social construct, embedded in concepts of trust and morality, not impersonal maths....
...He will be replaced as chief executive by co-founder Marc Rowan, who seized on the financial crisis as an opportunity to branch out into insurance, helping to create a $300bn credit platform that has been...
...Simon Russell joined Nomura to lead its technology, media and online services investment banking division for the Europe, Middle East and Africa region from London. He joins from Macquarie Capital....
...Epstein’s Financial Trust Company bought 263,257 shares in Apollo during its IPO....
...If you walk a mile in the northern French town of Saint-Lô you could pass a branch from every major bank in the country — BNP Paribas, Société Générale, Crédit du Nord, Crédit Agricole, Crédit Lyonnais,...
...Lloyds has poached HSBC global head of wealth and personal banking Charlie Nunn as its new chief, replacing António Horta-Osório....
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