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...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...For 73 years the IIEB has brought together the heads of Europe’s biggest banks twice a year at luxury hotels and royal palaces across the continent to discuss sensitive subjects such as M&A deals and global...
...Among the most eye-catching distribution announcements this year are Italy’s UniCredit, which promised to pay €8.6bn — its entire profit haul for 2023 — to investors....
...the growth of the fintech so it can pick the business up for a knockdown price next year....
...The 63-year-old Swiss also spoke about his involvement in helping the board identify a successor for when he steps aside after the integration of Credit Suisse is complete, a process that is due to run until...
...Investors are braced for a tougher year for European banks as the windfall from higher interest rates recedes....
...In terms of financials, it’s a company that’s never turned a profit, though that’s not unusual for businesses that go public in this way....
...Ermotti was parachuted back into the top job — a role he previously had for nine years — just weeks after UBS agreed to rescue Credit Suisse last March....
...The government has said that any share sale will be conditional upon market conditions and achieving value for money for taxpayers....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...Europe’s market for IPOs has made its strongest start to a year since the Covid-19 pandemic, with companies raising more than $3bn....
...Meanwhile, activist investor Ackman, a 20-year client of the bank, invited Federer to a tennis match on the roof of his company, Pershing Square, before telling UBS staff that the takeover of Credit Suisse...
...john.gapper@ft.com...
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...“For this reason, support to the new policy is not warranted.” ISS backed the rest of the bank’s proposals for this year. It supported the pay plan last year....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...the crisp company....
...small company / From John Edwards, UK Information Commissioner, Wilmslow, Cheshire, UK...
...Barclays said it would continue for now to apply a cap, but that it would “consider this further” for the next financial year....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Santander said it would pay a final dividend of 9.5 cents per share for 2023. That will take its total payout for the year to 17.6 cents, an increase of 50 per cent from 2022....
...Venezuelan oil company....
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