Hints and tips:
...“We remain expense disciplined around driving cost out and capturing efficiencies,” Mason said. “And sometimes that means reducing headcount.”...
...Great-West Lifeco is the sixth-largest life insurer in North America with nearly $2tn in assets. Paul Mahon, its chief executive, said Franklin’s “scale and breadth . . ....
...In 2022, these funds raked in a net $10.9bn in North America, up from what had been a record $4.1bn the previous year, according to data from FactSet....
...“This is a fluid situation, and the ability to exit those businesses is really going to hinge on how the environment plays out,” Mason said....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...This doesn’t mean we are in the midst of a V-shaped recovery, however....
...Mr Mason cited killings of black people by police as “reminders of the dangers Black Americans like me face in our daily lives . . . I’m talking about something as mundane as going for a jog”....
...Raising fares to cover higher costs per passenger would kill demand, said Ben Baldanza, an economist at George Mason University and the former chief executive of low-cost Spirit Airlines....
...Bank of America analysts expect the pace of new bond issuance to slow for the rest of 2020, predicting between $200bn and $300bn over the second half of the year....
Western Asset asks for more time to offload corporate debt as virus rating downgrades bite
...the charts’ and the trading firms’ equity trading revenues will reflect the strength,” said Gerard Cassidy, analyst at RBC, who recently increased his first-quarter trading revenue forecasts for Bank of America...
...The coronavirus pandemic has turned the US government into a financing source of last resort for swaths of corporate America, but the socialisation of risk and the picking of winners and losers has concerned...
...Over at Bank of America, its economics team predicts a second-half recovery in the US after a collapse of 12 per cent quarter-on-quarter (seasonally adjusted annual rate) for the coming second quarter....
...America, Asia and Latin America, adjusted for currency fluctuations....
...Although its parent company, Interpublic Group Cos Inc, installed female leadership at the Martin Agency, IPG’s board remained the same....
...jonathan.guthrie@ft.com Letters in response to this column: Focus on the haystack — not on the needles / From Brendan P Geary, Washington, DC, US Active v passive: put more faith in market forces / From...
...“It’s a very different environment then than we expected coming into the year,” Mr Mason said....
...The consumer bank grew across all regions — North America, Asia and Mexico — when adjusting for the impact of currency fluctuations....
...Notable exceptions include Bank of America, which offers four months of paid leave for all employees when they become parents, and Capital Group, the asset manager that offers US staff six weeks’ paid parental...
...The Supreme Court’s Roe v Wade decision guaranteed a fundamental right to choose to have an abortion....
...Mr Sullivan said Legg Mason will also use emerging technologies to help cut costs....
...Although Citi officially sold its asset management interests to Legg Mason in 2005, it has rebuilt a force of 1,000 investment specialists....
...Innovative Lawyers North America Ranking 2018 View the full rankings here Top Innovative Law Firms: six of the best overall Most Innovative Law Firms: Business of Law Most Innovative Law Firms: Legal...
...Two other senior executives, Jim Cowles, the CEO for Europe Middle East and Africa (Emea), and Bill Mills, the CEO for North America, are also retiring from the bank....
...The moves came less than a year after Citi announced the departure of its veteran chief financial officer John Gerspach, European chief Jim Cowles and its head of North America Bill Mills, as well as a shake-up...
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