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...Job moves Credit Suisse’s final chief executive Ulrich Körner is set to leave UBS in the coming weeks....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
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...Though Mubadala is buying a controlling 70 per cent interest, Fortress employees will gain control of the investment group with majority control over its board....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...The finance ministry said China’s debt was under control, while hidden debt — local government’s off-balance sheet liabilities — was also declining....
...Another area under review is digital payments, where banks are regulated but companies such as Apple and Google offering similar services are not....
...Redstone in 2020 inherited control of the entertainment conglomerate that her late father, Sumner Redstone, built over the past century....
...Regulators require that weaknesses in those controls are prominently flagged to investors....
...The company now says profits and cash flow are sufficiently formidable to support debt service and capital expenditure without the need to raise fresh cash....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...The company is set to provide cyber security services for this summer’s Paris Olympics....
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...National Indemnity was the business Jain ran for years before being promoted to vice-chair of Berkshire in 2018, when he took control of the entire insurance operations....
...Kitao and SBI want to take control of the lender....
...Worse still, TikTok is a programmable fentanyl whose effects are under the control of the CCP....
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...DBRS’s report also contains this wonderful description of Sotheby’s Financial Services’ collection strategy if any deadbeat art collectors fall behind on their payments: SFS employs a strategy for collections...
...Deficits are “out of control and the real story is that there’s no mechanism for bringing them under control”, said Jim Cielinski, global head of fixed income at Janus Henderson....
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