Hints and tips:
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...Jane Owen is an FT contributing editor Robin Lane Fox returns on December 16 Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...The SFO, which opened a probe into the bakery in 2018, has charged Christopher Marsh, a former chief financial officer of the high street bakery chain, as well as his wife, accountant Louise Marsh....
...His own wealth has soared in tandem; Forbes estimates the net worth of the Ecclestone family to be $2.9bn....
...“Our [organisational] simplification will be done by the end of the first quarter,” said chief financial officer Mark Mason....
...Overall, Citi’s chief executive Jane Fraser told analysts that she expected inflation to continue to fall and the economic outlook to remain positive....
...Its shares erased early gains to close 0.2 per cent lower in New York....
...The idea of a sale of parts resurfaced following the appointment of former banker and Aviva executive Jason Windsor as Abrdn’s chief financial officer....
...Barclays’ UK net interest margin rose to 3.18 per cent in the first quarter of 2023 from 2.62 per cent in the same period last year, while Lloyds Banking Group’s increased to 3.22 per cent from 2.68 per...
...WhatsApp to Stephen: I’ve got Jane working on invitations....
...— who also took home t-shirts — and Jane Streeters Vesey St. Tuna Trading Ltd. with a very respectable 44.5 and 42 points each....
...I passed Ma Kellys pub, which recommended I “Beat the clock” and “Get in early” for pints at £2.20 between 11am and 1pm....
...asks Citi’s chief human resources officer Sara Wechter....
...Malcolm Gomersall, the company’s chief operating officer, will run day-to-day operations while the firm searches for a replacement....
...Deutsche Bank has agreed to pay up to $75mn to settle a lawsuit brought by the pseudonymous Jane Doe who alleged the lender had benefited from human trafficking by retaining Jeffrey Epstein as a client....
...Bain offers the same, and BCG pays $2,000 less....
...On average US companies stipulate 2.56 days in the office per week, according to the new Flex Index report, halfway between what employers hope for (2.75 days), and the 2.21 days employees would like....
...Chief financial officer Jeremy Barnum credited higher rates “coupled with lower deposit reprice than previously assumed”....
...Bank of America reported on Tuesday that it had cut 4,000 positions, or about 2 per cent of its overall workforce, in the second quarter....
...“In banking, the long-awaited rebound in investment banking has yet to materialise, making for a disappointing quarter,” Citi chief executive Jane Fraser said on Friday....
...Additional reporting by Jane Croft, Siddharth Venkataramakrishnan and Valentina Romei...
...Its chief regulatory officer appears to have been based remotely in Seattle and its approach to risk management relied on Slack emojis....
...Others include: Julian Salisbury, chief investment officer for asset and wealth management, is joining Sixth Street as co-CIO....
...BDCs and private credit, part 2 We’ve been writing about business development corporations, the form of private credit investing with the longest public record....
...Raja was hired in July 2019 on a salary of £75,000 a year reporting to Matthew Newman, chief administrative officer and general counsel....
International Edition