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...So each [country] wants to have their own national champion, forgetting that winning the national championships doesn’t take you very far in terms of global [dominance].”...
...“The notion that large companies can’t be changed is not right. There are many levers you can pull . . . we believe that UBS can become significantly more profitable over time.”...
...“The revenues aren’t there, so this is partly a response to overexpansion. But there is also a simpler explanation: political cost-cutting,” said Thacker....
...The firm has made a series of investments in recent years in the telecoms and technology sectors, including the acquisition of T-Mobile’s Netherlands business, in a deal valuing the company at €5.1bn....
...When HSBC chief executive Noel Quinn was asked on Wednesday whether such “spirits” should be released, he said: “I don’t think [they] should.”...
...I don’t think what has happened [at Credit Suisse was] about [needing] more capital,” he added....
...Another advertising agency executive said: “I don’t get the point of the acquisition at all and wonder how much patience his investors have left.”...
...Here to talk to me about that is the FT’s Owen Walker. Hey, Owen. Owen WalkerHey. How’s it going? Sonja HutsonIt’s going well. Thanks....
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...Saffeya AhmedOwen Walker is the FT’s European banking correspondent. Thanks, Owen. Owen WalkerGreat. Thanks very much....
...“You can see quite a meaningful churn of clients if they’re saying, ‘let us sell you more things or we can’t bank you any more’.”...
...“I am sure the banking industry doesn’t agree with all the proposals but we have to make this financial industry as safe as possible,” said Swiss finance minister Karin Keller-Sutter, when announcing the...
...Take for instance the abolitionist Olaudah Equiano, a man who doesn’t appear in Whatmore’s book....
...Bazawule doesn’t just give the film wallop; you can feel his care for the material....
...Morgan Stanley’s recently departed CEO James Gorman said last year that employees “don’t get to choose their compensation, they don’t get to choose their promotion, they don’t get to choose to stay home...
...If I’m on TV, I ask for all the make-up they’ve got, but on a day-to-day basis, I can’t be bothered. What drives you on?...
...“I wasn’t surprised the new digitalised world would transfer into faster outflows,” he said. “I was surprised that was not recognised ex-ante by regulators.”...
...We haven’t discussed it when, unprompted, Yaccarino brings up her dismay at a May article in Wired headlined “Twitter CEO Linda Yaccarino Is Teetering on the Glass Cliff”....
...“The problem with Twitter is that it’s almost impossible to underwrite, they don’t have a business plan, they don’t have a lot of stability or diligence materials that you can really use to get a good sense...
...“Republicans can’t run away from this issue fast enough,” said Mike Noble, founder of the Phoenix-based non-partisan pollster Noble Predictive Insights....
...The hearing also featured testimony from X’s Linda Yaccarino, TikTok’s Shou Zi Chew, Snap’s Evan Spiegel and Discord’s Jason Citron....
...Initially, these “overseas funds” won’t be in scope of the labelling and naming regime, even if being sold to UK consumers....
...“The easy losses are getting rid of headcount, the sticky ones are allocated in control functions, data, IT,” Kelleher added. “2024 is the first year we don’t have the cover of the ‘easy’ costs.”...
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...Scientists say I can’t miss it; Illinois will be inundated....
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