Hints and tips:
Related Special Reports
...Gross profits from commodities trading activities — including by banks, hedge funds, independent traders and asset-backed businesses such as BP and Shell — rose from about $36bn in 2018 to a record $148bn...
...While at Macquarie O’Kane turned the Australian bank into an energy trading power house....
...It is now not uncommon to hear analysts predicting an oil price of above $100, and Bank of America said Brent could peak at $95 during the summer....
...The figures reflect the earnings from commodities trading activities across the entire sector, including by independent traders, banks, hedge funds, national energy companies and asset-based businesses such...
...Charles Boakye, an energy transition strategist at Jefferies, one of the few investment banks studying the sector, thinks this will happen between 2035 and 2037, but is doubtful the device will be ready...
...Incoming CFO Jansma joined Trafigura in 2013 as head of structured and trade finance, and previously held positions at Rabobank and Fortis Bank....
...And, you know, I think banks do appreciate that,” he added....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...While at Macquarie, O’Kane turned the Australian bank into an energy trading power house and had been tipped as a possible next chief executive....
...It’s now at 4 per cent, and European Central Bank president Christine Lagarde suggested that the bank would hold rates steady until the summer....
...I’m joined now by Tom Wilson who covers energy for the FT. Hi, Tom. Tom Wilson Hi, Marc....
...As L&G takes on liabilities, it creates assets to back them. Homebuilding has been a key aspect of Wilson’s tenure. L&G had acquired or built almost 1,000 affordable homes by the end of 2022....
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...The bribes were routed through US banks by shell companies in Panama and the British Virgin Islands, they added, detailing one instance in which a Gunvor employee also directed an intermediary to use the...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Marc Filippino Tom Wilson is the FT’s natural resources editor. Thanks, Tom. Tom Wilson Thanks very much....
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...Activists have filed motions against companies ranging from Wall Street banks to Big Tech groups in recent years, calling on them to take stronger positions on environmental, social and governance matters...
...Amer has appointed Goldman Sachs, Bank of America, JPMorgan and Morgan Stanley as bookrunners for the IPO....
...Indeed, so different in spirit is this conversion of a former bank that it has been given its own name, ‘t Huys, an archaic spelling of the Dutch for house....
...Its operating profit margin is expected to shrink to 7.3 per cent from almost 25 per cent in the wake of the IPO, investment bank Peel Hunt estimates....
...Swiss prosecutors accuse Wainwright, who was not named in the indictment, of approving bribes to the Angolan official, who was also not named, including €4.35mn paid to a bank account in Geneva and $600,000...
...Wintershall announced that it had lost control of its Russian assets, with the Kremlin expropriating its Siberian gasfields that were jointly owned with Gazprom and €2bn in cash disappearing from a shared bank...
...Bellatrix has traded tens of millions of tons of crude oil and other products of Russian state-owned oil companies and has received a loan worth hundreds of millions of dollars from a Russian state-owned bank...
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
International Edition