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...Its form-fitting designs have found fans among Nicki Minaj, Beyoncé and the Kardashian-Jenner crowd, as well as actor Hunter Schafer, who wears Knwls in season two of Euphoria....
...Cameron’s departure marks the latest setback of his post-political career after he was caught up in the Greensill affair earlier this year....
...“An important goal for us is to secure the future of the location,” Mercedes chief operating officer Markus Schäfer said last week....
...● RBC downgraded Marks and Spencer to “sector perform” from “outperform” with a 320p target....
...“Shareholder activism is playing a greater role in shaping this ‘de-conglomeration’ debate and increasingly becoming a major factor in global M&A,” said Mark Milano, head of diversified industrials at the...
...Thorsten Schäfer-Gümbel, an SPD deputy leader, said: “On the side of the CDU there is no idea how you do social integration.”...
...The fresh cutbacks mark the third restructuring of Credit Suisse’s investment bank in just over a year, following cuts to its government bond and commodities trading businesses....
...Senior regulators, including Mark Carney, governor of the Bank of England and head of the global Financial Stability Board, have called for a shake-up in the way currencies are traded....
...in the wake of the recent trading scandal, Standard Chartered's Hong Kong roadshow, and Bank of England governor Mark Carney's speech on financial reform, including bankers' pay....
...The DoJ is planning to seek penalties from banks for allegedly manipulating foreign exchange rates and for undisclosed fees, or mark-ups, that sales staff charged to clients, people close to the situation...
...Even this raft of measures, however, does not mark the end of UBS’s regulatory odyssey. The bank remains in separate talks over a forex settlement with the US Department of Justice....
...The switch marks the second successive time Deutsche has looked outside its ranks for a chief financial officer, poaching Mr Krause in 2008 from the board of BMW following his long career in the automotive...
...It marks the latest foray into the eurozone’s third-largest economy by the central bank’s investment arm, the State Administration of Foreign Exchange (Safe), which manages the country’s $4tn in reserves...
...Additional reporting by Daniel Schäfer in London...
...“We comply with all regulations but, as we are technically not a bank, we are not subject to the capital rules of the big banks, which makes us more nimble,” says Mark Aedy, head of investment banking in...
...Abouhossein says that investors want the bank to reduce its risk weighted assets in the investment bank – which are dominated by the capital-intensive fixed income business – to well below the 50 per cent mark...
...The DoJ is focusing on sales staff rather than traders in its criminal investigation as it scrutinises allegations of fraud in trading commissions (“mark-ups”) charged to clients, two people close to the...
...While the FCA’s group settlement marks an unusually quick finale for its investigation into a core group of banks roughly 18 months after it started its preliminary probe, it does not bring the scandal to...
...forcing banks to defer and claw back bonuses by seven years have been widely labelled the strictest in the world, with provisions in other major jurisdictions looking pale in comparison, writes Daniel Schäfer...
...“We are worried that the capital merely fills holes and question marks will still remain,” he warned on Monday....
...The move marks another step in the global investigation into collusion and market-rigging in the $5.3tn a day currency market by at least 15 regulators and prosecutors....
...Chris Wheeler, analyst at Mediobanca, suggested that UBS could consider a spin-off or disposal of its O’Connor fund management business in the US, as Mr Körner looks to make his mark on the division....
...The banker, who during the financial crisis advised the UK government on its bailout of RBS, will be replaced by Mark Echlin as co-head of the investment banking department in Europe, the Middle East and...
...Analysts liken UBS to the Nordic model, where some lenders including Swedbank and Nordea have either reached or are on their way towards a 75 per cent payout mark in a well-capitalised, low growth but high-return...
...Professor Mark Taylor, dean of Warwick Business School, said that as things stand traders only had to move the exchange rate modestly for a small period of time to affect the fix and generate millions of...
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