Hints and tips:
Related Special Reports
...JO Hambro Capital Management severed its 10-year relationship by selling out of Abrdn last year....
...The bank moved to its current premises on Rue de la Corraterie in 1858, and several years ago I had the chance to visit and take part in a panel discussion about the state of luxury....
...We are in what Clothier describes as the “tulip stage” where “literally anything can happen”....
...Email Jo at jo.ellison@ft.com Find out about our latest stories first — follow @ftweekend Letter in response to this article: The key to our fascination with Ancient Rome / From Daniel Seifert, Singapore...
...A second plotline revolving around a Nasa scientist (played by a habitually gruff Jonathan Banks) who was remotely overseeing an arcane experiment on the ISS at the time of the explosion only raises further...
...A version of this article was first published by Nikkei Asia on March 30. ©2023 Nikkei Inc. All rights reserved....
...NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...That’s the way it is now inside the big banks. Banks strike back at private credit A dearth of large buyouts to kick off 2024 has clouded hopes of a deal rebound....
...If a company has money on hand, there are six options: bank it; pay down debt; invest internally; make an acquisition; buy back shares; or pay a dividend....
...The hard-nosed advice was a key tool Raghavan used to motivate employees, win deals and help transform JPMorgan into the leading global investment bank....
...The regional bank lost $260mn in the final three months of 2023, down from a gain of $164mn in the same quarter a year before....
...The answer is that there are several different reasons, because there are a variety of problems which a bank might hope to solve with a co-head structure....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...In 1986 I worked for a bank which had a dress code requiring women to dress professionally and wear stockings....
...We’re also due a stream of central bank speakers, alongside monetary policy meeting minutes from the Fed, the European Central Bank and the Reserve Bank of Australia....
...This helps explain why the People’s Bank of China, faced with a massive real estate bust, has only gradually cut rates, which remain well above 0 per cent....
...Executives said the acquisition of Signature Bank, one of the regional banks that collapsed last year, pushed NYCB’s assets above a $100bn regulatory threshold....
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry....
...Union Square Advisors, a tech-focused investment bank, has appointed Michael Meyer to the newly created role of chief executive. He will also continue to be head of capital markets....
...Raghavan, 57, is a 23-year veteran of JPMorgan Chase, the largest investment bank globally, and had been promoted to sole head of investment banking last month....
...The bank also said it had started a process to bring in new chief risk and audit executives “with large bank experience”....
...Citi’s US retail banking business will play a critical role in achieving that goal....
...If customers aren’t gorging on subscription lines, margin loans, interest-only mortgages and other tailored debts, it diminishes the selling points of a bank....
...Fraser, a veteran of the consulting firm McKinsey and investment bank Goldman Sachs, took over in early 2021 with a mandate to fix Citi after the bank had underperformed its peers for years....
...Otting replaces Alessandro DiNello, who became CEO of the bank less than a week ago and will return to a previous role as non-executive chair. Mnuchin is also joining the board....
International Edition