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...As part of her strategy, she has announced plans to pull out of retail banking from 14 overseas markets....
...Tefaf runs March 9-14. London dealer Richard Saltoun opens his first US gallery on May 2, during New York’s Frieze Week....
...Exits in targeted non-U.S. markets are mostly done (9 of 14) and with line-of-sight on the rest....
...john.thornhill@ft.com...
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...john.gapper@ft.com...
...Forbes’ worldwide billionaire index, published in April, showed that the total wealth of the richest people around the globe had risen to a record $14.2tn in 2024 — a 14 per cent increase on the $12.2tn...
...Dimon sat for a seven-hour deposition in May but lawyers for the Jane Doe plaintiff want to talk to him again to ask him about more than 1,500 documents that JPMorgan turned over after the deposition....
...(The New Yorker) Jane Coaston puts important questions to polling expert David Byler, among them: should voters and readers trust polling?...
...Indonesians go to the polls on February 14 to elect both a new president and a new parliament....
...The bank’s lawyers have previously described the USVI suit as “meritless”, and Jane Doe’s complaint as “directed at the wrong party”....
...In 2021, IPOs in the UK raised £14.7bn. That compares with gross international bond issuance in the UK that year of $1.1tn....
...The effect weakens during the following 14 days as it wanes from a full to a new moon....
...However, 1.3mn appointments have been cancelled since the junior doctors’ strike began in December 2022, with more than 200,000 cancelled in England as a result of the work stoppages in the past month....
...John Colley, the chief executive of Majestic Wine, said ministers’ claims that the new system was “simpler” were wrong....
...Shares in US Steel surged 26.1 per cent to close at $49.59....
...While auction sales fell slightly to $6.5bn, revenues from private deals that it arranged for collectors away from the auction room rose by nearly 8 per cent to $1.2bn....
...Elkann last year pushed back against a direct investment from the Italian state while France owns a 6.1 per cent stake in the group via state-owned bank Bpifrance....
...per cent at Lloyds Banking Group to 43.16 and almost 1 per cent at NatWest to 233.20p....
...Lucky strikes Fifty-seven Conservative MPs voted against Rishi Sunak’s plans to ban everyone aged 14 or younger from ever being able to buy traditional cigarettes....
...In just the first two weeks of its campaign, Israel used at least 1,000 air-to surface munitions daily, estimated John Ridge, an open-source intelligence analyst and munitions expert....
...Letter in response to this article: Don’t overlook savers’ bonanza of higher rates / From John Barber, Winchester, UK...
...The pseudonymous Jane Doe, who said she was abused by Epstein, first filed the proposed class action against Deutsche in November, after a New York law allowed sexual abuse claims where the statute of limitations...
...Until July 14; further information and tickets here ‘Coveted. Cared for....
...As of Friday, the banks are offering rates between 0.9 per cent and 1.75 per cent at a time when the base rate is 5 per cent....
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