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...The fintech last year hired a new US chief executive and has announced plans to re-enter the US, this time via a banking partnership that would allow it to bypass a licence application....
...Solomon said he did not expect Basel Endgame proposals to ultimately be implemented “exactly the way they’re put forward”....
...Even without that change, SJP faces having to completely re-engineer its IT systems to reflect the new charging structure — a huge project that has caused tension with the regulator over the slow pace with...
...They’re not gonna give any more money, they’re not gonna put any more assets into that bank....
...“If you’re a private owner of a Tesla, you’re $20,000, $30,000 or even $40,000 worse off,” said the former Tesla executive....
...He also commented on US-China relations and the potential impact of the re-election of Donald Trump on any trade war. “I don’t think there is a Trump overhang [on our shares]....
...HSBC chief executive Noel Quinn blamed the Bank of Communications impairment on a “technical accounting adjustment” and said that it “does not affect our view on China at all; we’re a committed investor...
...“We’re going to leave London and move to Switzerland.” “The writing is on the wall. People are going to move away,” he added....
...Goldman’s board said it was rewarding Solomon for paring back a lossmaking push into retail banking, re-emphasising the group’s strategy around its core investment banking and trading business and expanding...
...“We’re dealing with people who are likely going to be leaders of tomorrow,” a second college bursar added. “And the biggest of their concerns is climate change.”...
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...No mention of the B-word, then....
...His most recent collection, 2021’s Mutiny, is similarly preoccupied with rebellion and riot, with borders and the reasons they’re maintained, with the legacy of colonialism and communities torn apart by...
...“So, they’re passive, but for an active strategy.”...
...“We need to get the confidence that we can grow in this economy in that way if we can help investors re-rate the stock,” Nunn said....
...We’re so good at deceiving ourselves, we don’t need to. Isn’t that horrifying?” But to Morris, Rumsfeld was a conscious peddler of “false evidence”. For the director, that comes close to unforgivable....
...Bim Afolami, who was promoted in a ministerial reshuffle this month, said on Tuesday that regulators “need to realise that if you’re regulating a market, in any area, there’s no point having the safest graveyard...
...So long as that is true it will be very hard for them to re-rate.” The stakes are high....
...In “R&B”, singer Lily Fontaine contrasts the style of music she’s expected to write as a mixed-race woman, the titular R&B, with the music she wants to write....
...Staley sought to get Epstein to invest in a fund managed by BlueMountain — saying in one email: “You’re my first client!” Other emails showed they spoke and met frequently during that period....
...The ratings group late on Friday upgraded Turkey’s rating to B-plus from B, leaving it lodged deep in speculative, or “junk”, territory....
...In the electrical power sector alone, more than 90 per cent of expenditure is projected to come from private companies, according to Inter B....
...“We’re looking at [demand of] 104mn b/d in 2024, with more growth expected in 2025,” he said....
...The trouble with gauging the difficulty of our chart quizzes is that people tend to only submit answers when they’re certain....
...A buzzy but unobtrusive soundtrack of, say, R&B or soul complements dinner....
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