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...Bankers’ trade group UK Finance said it had been looking into charities’ dealings with banks and was due to publish guidelines for charities shortly....
...Explaining the verdict, the presiding judge Annette Zander said that the defendant and the late banker had been a “good team” which functioned based on mutual trust and required little need for co-ordination...
...The Perella Weinberg banker died by suicide days after police raided the bank’s offices and his home in London early last year....
...The banker exploited the trust put in him by his client, the authorities claimed, and stole the money outright, as well as making associates, family and friends large loans from it....
...After a brief stint on the buy side, he returned to banking at Deutsche Bank. Medina was “top bucket” and gained a reputation for his modelling skills. “He was an amazing Excel guy . . ....
...“Lack of trust is a cultural problem.”...
...Cocini has been co-head of Bank of America’s global financial institutions group, which will continue to be led globally by Gary Howe, and in Emea by James Gill....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...But the likes of Citibank, Deutsche Bank, Goldman Sachs and HSBC are big names that have yet to announce they are doing so....
...Private Bank....
...Lenders including Barclays, BNP Paribas and Deutsche Bank acted as arrangers and bookrunners on the refinancing, while DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank also underwrote the three-year...
...Bank of America is now the biggest US bank backer of coal, according to this report, with total financing of $2.8bn last year, up 30 per cent since 2016....
...Hess then would simply revert to a standalone company (and its banker Goldman Sachs would be out a $76mn success fee)....
...other times using coded terms designed to mask the company involved....
...Before long, large investment banks including Goldman Sachs, Credit Suisse, Citigroup, Morgan Stanley and Deutsche Bank were building their own dedicated investment teams....
...However, the Consumer Bankers Association, which represents retail banks, has welcomed the new rule, which also seeks to regulate fintech companies....
...Many top wealth teams inside these banks — and UBS and Bank of America — have left in recent years to create their own independent firms....
...The company needed a “drastic cultural overhaul”, Ron Epstein, analyst at Bank of America, told clients, calling the latest changes “the first right steps of removing the ‘old guard’, and making way for...
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...News round-up Deutsche Bank continued to push risky derivatives years after probe found mis-selling (FT) Private equity plunges into US college sports with Learfield deal (FT) SocGen battles Clifford...
...They showed that the property’s buyer — a British woman whom locals believed to be an investment banker — was in fact a cut-out for Abramovich....
...As a Bank for International Settlements report said last year: “the institutional will to act against senior bank executives is fundamental in enforcing individual accountability rules”....
...Going green The Royal Bank of Canada is trying to pivot towards a low-carbon future without disrupting its lucrative business with fossil fuel companies, Bloomberg reports....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...Apoorva Shah, a senior banker in BNP Paribas’s UK M&A team, has left the company....
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