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...Laura Noonan is the FT’s financial regulation editor. Owen Walker is the FT’s European banking correspondent Follow @FTMag on Twitter to find out about our latest stories first...
...Dennis Kelleher, chief executive of Washington-based Better Markets, which advocates for tighter regulation, said the figures were more reflective of bad practice in newer corners of finance than an improvement...
...Additional reporting by Laura Noonan This article has been amended to correct the amount of assets managed by Capital Group...
...They are having differing levels of success, the FT’s Laura Onita writes....
...UBS’s historic rescue of Credit Suisse has again left Kelleher facing a challenge that holds enormous bearing on the stability of global banking, the FT’s Laura Noonan and Owen Walker report in this in-depth...
...And early on in Gorman’s tenure as chief, Paul Taubman left the bank following a fractious relationship with his internal rival Colm Kelleher....
...“UBS will remain rock solid,” said UBS chair Colm Kelleher, who will continue to lead the combined entity with chief executive Ralph Hamers....
...He disputed Kelleher’s contention that fines were seen as a cost of doing business and said investors’ “tolerance of banks’ AML shortcomings is very low nowadays”....
...Things I enjoyed this week Laura Noonan and Owen Walker wrote an engaging FT Magazine piece on UBS chair Colm Kelleher....
...Kelleher was more blunt. “It’s a historic day, and a day we hoped would not come,” he said....
...It is absolutely necessary for the financial structure of Switzerland,” said an adamant Kelleher....
...Mr Kelleher, who stepped down as Morgan Stanley’s number two in March 2019, declined to comment, as did Cerberus and Deutsche Bank....
...“It’s absolutely shocking that JPMorgan has now pleaded guilty to three separate criminal charges for egregious years-long criminal conduct,” Mr Kelleher said....
...Mr Kelleher became Mr Mack’s CFO in 2007....
...According to this scoop by the FT’s Laura Noonan, Olaf Storbeck and Stephen Morris, an attempt at slashing through the German lender’s velvet rope by the US private equity group Cerberus, Deutsche’s fifth-largest...
...“The SEC chairman shouldn’t be secretly soliciting ideas for deregulating Wall Street’s banks from Wall Street’s CEOs,” said Dennis Kelleher, president of consumer advocacy group Better Markets....
...Mr Kelleher, who is now a senior adviser to Morgan Stanley, also highlighted fragmented regulation and infrastructure as a problem that “constrains capital mobility”....
...Colm Kelleher, who stepped down as Morgan Stanley’s president last year and remains a senior adviser to the bank, described the news as “a terrible tragedy”....
...Catching up with Morgan Stanley’s former key man Colm Kelleher eschewed personal interviews for his 30 years at Morgan Stanley....
...Dennis Kelleher, head of lobby group Better Markets, said: “The issues . . . are very concerning and classic regulatory arbitrage that will once again place US taxpayers and Fed facilities at much greater...
...Morgan Stanley investment banker Dan Simkowitz was moved to run its investment management division in 2015 and is now in the running to take the second-most senior executive role at the bank after Colm Kelleher...
...Mr Kelleher often hinted that he and Mr Gorman would retire together. A person familiar with Mr Gorman’s thinking said that the Australian had “no plans to retire”....
...The board, management committee and shareholders also gave a standing ovation to outgoing president Colm Kelleher, who announced his decision to retire earlier in the year....
...Morgan Stanley chief James Gorman is likely to take — and decline to comment on — questions about who he sees as his right hand (and likely successor) now that Colm Kelleher is stepping down. 3....
...“European banks are lobbying like crazy,” said Dennis Kelleher, head of the Better Markets, a non-profit founded in the aftermath of the financial crisis....
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