Hints and tips:
...The plan is the first major strategy update at Barclays since 2016 and marks the biggest test for Venkatakrishnan since he succeeded Jes Staley in November 2021....
...Likely to overhear: stories from the last days of the D’Oyly Carte with the C-word as their punchline. Don’t say: “Aren’t pink and mint green quite girly colours?”...
...OTPP already has direct investments with more than C$10bn in financial services. Following the deal, 7IM will continue with its existing strategy, led by chief executive Dean Proctor....
...Barclays has appointed Paul Compton sole head of the investment bank, the first move by new chief executive CS Venkatakrishnan to stabilise the UK lender since taking over from Jes Staley this month....
...Smart reads The go-between Former Barclays chief executive Jes Staley maintained contact with Jeffrey Epstein for longer than he has disclosed, Bloomberg writes....
...And then there is “C”, a charismatic, diplomatic black boy who plays sidewalk mediator between races and ages, “stretched like a bridge across worlds”....
...its roughly C$60bn private equity portfolio. 7IM’s chief executive Dean Proctor will continue to lead the firm after the deal has closed, which is expected to be by early next year....
...That question is no doubt a source of frustration for Barclays chief executive C.S. Venkatakrishnan (Venkat) and shareholders alike....
...Staley is appealing against the decision....
...On an interest-only deal, that would fall to £917 a month, according to broker L&C Mortgages....
...And if no shortage of media has presented daughters as problems for their fathers to solve — from George C Scott and Liam Neeson trying to claim back their daughters from nefarious forces in Hardcore (1979...
...The C$400bn fund has paused making private investments in China and is shutting its Shanghai office....
...Exor, the holding company controlled by Italy’s billionaire Agnelli family, has selected former Harvard Business School dean Nitin Nohria as chair, succeeding World Bank-bound former Mastercard chief Ajay...
...The Epstein effect Newly public allegations about Jeffrey Epstein’s relationship to Jes Staley have dragged Barclays and JPMorgan Chase further into the scandal....
...With only a single bar and a handful of chairs, The C&G has the feel of a private living room....
...Staley left on a low and his deferred bonuses have been frozen while regulators mull his links to Epstein....
...for Mr Staley following the arrest of Mr Epstein in the summer of 2019.”...
...that (a) companies buy back more of their shares when times are good and their stock is expensive, and (b) buybacks only create value when the shares are bought back at or below fair value, and therefore (c)...
...Perhaps Jes Staley was always destined to go down in a blaze of strategic glory and personal ignominy?...
...Compton had been viewed as Staley’s heir by the board, according to people familiar with their thinking. The former chief operating officer was also Staley’s preferred choice....
...Barclays’ share price has fallen 24 per cent this year, piling pressure on new chief executive CS Venkatakrishnan who replaced Jes Staley in November, after he resigned amid a probe into his relationship...
...Observing the liberal white guilt of his teachers — one brings him to the front of the mostly white class in order to hug him — he gets a C grade on his homework upgraded to an A and later gets himself excused...
...] The current next Warren Buffett, benevolently uplifting humanity through undertakings of great advantage and folksy wisdoms that are rooted in the straight-talking vernacular of his hometown, Series C...
...Remember the “three C’s”? Confronting China, Covid and climate change were Biden’s big goals....
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