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...Goldman’s European investment banking operations have been facing a sensitive time, having experienced tumult this year over appointments to a new senior internal committee....
...legal action as part of a group....
...Several of the online job postings state that the bank is pursuing a growth strategy in Russia. “To continue to grow we need a strong and united team,” a job offer for a branch manager reads....
...Ofwat is due to make a draft decision in June and a final ruling early next year....
...Buybacks have been the biggest source of growth over the past three years, with just a few billion euros of repurchases a year across the 50 biggest banks in the years running up to 2020....
...such a meeting at the height of the eurozone debt crisis....
...BNP Paribas shares fell almost 10 per cent on Thursday, the biggest drop on a bruising morning for several European lenders, after pushing back a key profitability target....
...to set up a company in Switzerland....
...Owen Walker is the FT’s European banking correspondent. Owen WalkerThanks very much. [MUSIC PLAYING] Sonja HutsonBefore we go, a new law is taking aim at computers that work on Sundays in Germany....
...The Swiss bank announced a new share repurchase programme on Tuesday, having suspended its previous plan a year ago following its rescue of former rival Credit Suisse....
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...In the letter, Kelleher and Ermotti said Credit Suisse failed because of a “broken business model” rather than a lack of capital....
...“If he can deliver, it will be a massive feather in his cap.” A UBS insider described Khan’s task as a “three-year job interview”....
...a “debanking” scandal involving Nigel Farage....
...As a result, the average return on equity among European banks has risen to 13 per cent, Barclays analysts said....
...The drought in M&A in 2022 and 2023 marked a sharp contrast with the previous year when a wave of monetary stimulus from central banks in response to the pandemic encouraged companies and private equity...
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...But less than a year later, under a new chair and chief executive, the bank underwent another restructuring....
...Switzerland’s decision last year to merge Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation,...
...Grisi, who earned a total of €6.8mn last year, would see his fixed salary increase from €3mn to €3.15mn under the new plan....
...Barclays has cut back its bonus pool following a tough year for its investment bank, as the UK lender reported a 15 per cent decline in full-year profits....
...The bank has a 48.5 per cent stake in Viva....
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