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...The business has also been hit by price collapses for diamonds and platinum as well as problems at its Quellaveco copper project in Peru that only started production in 2022....
...About 3,600 people work in the bank’s risk teams....
...Anglo American said the diamond market was suffering from a price rout caused by excess piles of inventory, something that De Beers has previously acknowledged is partly down to lab-grown diamonds cannibalising...
...“US consumer demand for natural diamonds was impacted by macroeconomic challenges as well as a rising supply of lab-grown diamonds,” said the world’s largest producer of diamonds....
...Last year saw both the merger of UK small-cap brokers Cenkos and FinnCap and the £410mn acquisition by Deutsche Bank of UK broker Numis....
...Liddy joins from Deutsche Bank and was previously at Moelis....
...Bob Diamond’s Atlas Mara has been accused of failing to pay what it owed to acquire a Zambian bank in a lawsuit against the former Barclays chief executive’s lender that opened on Wednesday in London’s High...
...De Beers, the world’s largest diamond producer by value, sold $110mn of diamonds in its tenth and final sale of 2023, down from $417mn a year earlier, while India halted imports of rough diamonds for two...
...Staying there would be a stretch but with Bob Diamond running the investment bank, the anchor of a robust consumer bank and the backing of an ambitious board, investors briefly shed their doubts....
...Thousands of less valuable clients will also be culled to focus on the most profitable institutions segmented into diamond, platinum and gold bands by Barclays’ “Hector” management system, the FT has reported...
...Now, after what chief executive Colin Hunt calls the bank’s “transform, repair, restore” strategy, the books are cleaned up as Irish banks have laid to rest the shadow of their meltdown a decade and a half...
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...Diamond declared Chapter 11 bankruptcy last year....
...Standard Chartered’s outgoing head of investment banking has sold £9.64mn of shares days after the bank revealed he would be leaving amid a corporate shakeup....
...Anglo American, which owns 79.2 per cent of Amplats, has singled out platinum group metals (PGMs) as one of the two commodities in its portfolio, along with diamonds, that has been struggling, contributing...
...Sainsbury’s tried to sell its bank in 2021 and failed. And these are small morsels....
...What to watch today European parliament committee quizzes Spain’s economy minister Nadia Calviño and Claudia Buch, candidate for chair of the European Central Bank’s supervisory board....
...Non-bank financial institutions or NBFIs, sometimes known as shadow banks, hold almost half of the world’s financial assets, worth around $218tn....
...[and] that housebuilders do not land bank unnecessarily,” the HBF said....
...Investors fret that diamond and platinum and palladium production are in structural decline....
...Barclays’ client management system, known internally as “Hector”, ranks customers, with the top 500 or so tiered into diamond, platinum and gold bands that generate the vast majority of profits....
...In early 2023, the bank was also the target of a potential bid by First Abu Dhabi Bank, which has since withdrawn its interest....
...“This merger will lift the level and quality of service to mid and small-capbusinesses and investors in the UK and beyond,” Diamond said in a statement.Ricci was one of Diamond’s key lieutenants at Barclays...
...The committee believed “any company engaged in a legal business activity in the UK should be able to find a bank to offer them a bank account”, she added....
...When Duffy joined as head of CYBG in 2015, Crosbie was chief operating officer, a role she held for four years until she left to run TSB Bank....
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