Hints and tips:
...“This is my retirement from Citi, but I don’t plan to disappear,” Ybarra told the Financial Times. “I don’t think I am just going to play golf, but I don’t know what is next.”...
...Citi is expected to provide more details on the restructuring when it announces results next week. Here’s what we know about Citi’s plans for China....
...Ailman, who has been chief investment officer at Calstrs since 2000, is preparing to hand over to a successor after announcing his retirement last month. Read the full interview....
...The Financial Times last month reported the bank was considering revamping its organisational structure following the retirement of Paco Ybarra, one of its top executives....
...Another part of the answer is a move towards collective defined contribution funds, in place of today’s plethora of smaller funds, of which there are over 3,000, according to Citi....
...“The market is clearly saying, ‘we are worried about balance-sheet risk’,” said Andrew Baker, an equity analyst at Citi....
...“People need to save more for retirement and the government wants to see a better culture of investing,” says Andrew Lowe, an analyst at Citi....
...The retirement of old, listed shares through takeovers or buybacks started to exceed the issuance of new shares in primary or secondary issues. Stock markets began to shrink....
...(The report excluded plants with firm retirement dates before 2030, and privately or municipally owned power plants, for which financial data was not available.)...
...Operating losses in the Disney+ streaming service are expected to total $760mn, up $100mn from the previous quarter, according to Citi estimates....
...Soon after, Toussaint — who had been with Cartier since 1920 — assumed creative control from Louis, becoming the maison’s first female director of fine jewellery and its longest-serving until her retirement...
...Citi’s Kiichi Murashima and Katsuhiko Aiba are happy to take the BoJ on their word (our emphasis): The BoJ says the decision aims to improve market functioning and enhance the sustainability of monetary...
...Citi declined to comment while Pruzan did not respond to multiple messages seeking comment....
...“You do need that soft compulsion,” he says, pointing to the effect that automatically enrolling workers into company retirement schemes has had....
...And this is all happening at the same time as we’re getting a wave of baby boomer retirements that’s thinning out the top of the profession as well....
...They added that although his retirement was due soon, the announcement came “sooner than many expected”....
...The council’s decision will be a crucial point for the president’s push to increase the retirement age from 62 to 64, which has seen large protests and the police using tactics not deployed since the gilets...
...During months of demonstrations over President Emmanuel Macron’s plan to raise the retirement age, some protesters called for higher taxes on Arnault and the country’s billionaire class....
...Robert Swannell, a director of the Investor Forum and a senior adviser at Citi, calls it “among the biggest financial issues facing the UK government today”....
...This week, as van Beurden announced his retirement, gas lies at the heart of the Ukraine war and Europe’s economic distress. Gas has relatively low emissions when fully combusted....
...Payment of death benefits as flexible access drawdown was not standard under the Citi UK scheme rules, but Penney said “pension freedom” changes introduced in 2014 gave trustees the power to make payments...
...One person at the meeting, which included Citi, Bank of America, UBS, JPMorgan, Deutsche Bank and Standard Chartered, said that date was too far off....
...Jefferies has lured former Barclays banker Sam Dean out of retirement to become vice-chair of investment banking in London, per Bloomberg....
...Chevron’s board is considering waiving its mandatory retirement age for CEO Mike Wirth, the Wall Street Journal reports....
...Add it all up, says Citi, and prices could fall 15 per cent....
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