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...Financial Times....
...report found deep divisions within the City of London....
...Like Hammack, he had previously been talked about as a potential candidate for chief financial officer. Goldman and Millennium declined to comment on Berlinski’s move....
...Project Century”, according to an internal presentation seen by the Financial Times....
...and divesting a minority stake in its lucrative trading division via an initial public offering....
...Revolut also generates revenue from payments, subscriptions, foreign exchange and its wealth division which includes crypto trading, according to its latest annual filing....
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
...Regulators are looking into the level of thoroughness of the investigations Morgan Stanley conducted around the source of clients’ wealth and their financial activity....
...The US Financial Industry Regulatory Authority hit two Stifel broker-dealer divisions with $2.3mn in fines and restitution over unsuitable recommendations on leveraged exchange traded products....
...But its real hopes lie with market data division Parameta, which collects and sells data from the core business. A spin-off might make sense....
...The conditions remain in favour of financial performance for other divisions of defence and space, and global services....
...Sales also fell year on year in the group’s watches and jewellery division....
...Austria’s Raiffeisen Bank International said it expected to be ordered by the European Central Bank to speed up its withdrawal from Russia, in a move that could derail talks to sell its highly profitable division...
...The division drew in billions of dollars more than investors were expecting in the quarter. Net new assets in wealth were around $95bn, well ahead of expectations for $62bn....
...The Euros could also give a financial boost to the region, which is one of the UK’s poorest, added Ringland....
...The head of Macquarie’s booming commodities business, who was paid more than JPMorgan chief Jamie Dimon and 75 per cent more than the Australian financial group’s own chief executive last year, is to leave...
...“I’m a big believer in the importance of financial services and Goldman Sachs is a great institution....
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...Management has reiterated guidance for a sales decline of 5 to 15 per cent for the full financial year....
...It set up a power trading division three years ago....
...appointed chief strategy and change officer on an interim basis while the FTSE 100 company searches for a permanent holder of the new position, according to an internal memo sent last week seen by the Financial...
...Rebecca Gooch, global head of insights at Deloitte Private, a division of the Big Four consultancy group, adds: “With inflation showing signs of moderation, it is no longer the number one worry for the wealthy...
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...Venkat, as he is known, also unveiled more ambitious financial targets as part of a revamp designed to answer years of criticism about Barclays’ over-reliance on investment banking and galvanise a share...
...Some businesses continued to struggle, including the wealth management division....
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