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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...“There are many successful professionals across the City who are also in positions of trust and this outcome should be a wake-up call to them that trust is there for a reason, it is not there to be abused...
...Lan was accused of embezzling 304tn dong ($12bn) from Vietnam’s Saigon Joint Stock Commercial Bank (SCB) by illegally controlling the bank through proxies, using “ghost” companies to take out loans and giving...
...A local branch of Industrial and Commercial Bank of China, the country’s largest lender, is assisting the Chinese refund process and has put the number of people who invested in the fraudulent scheme at...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...In the hardest-hit cities, as many as 14-16% of offices may no longer be viable by our definition, and their average transaction prices have already fallen by 15-35% since 2019....
...“The culture is like you can’t trust your workers if they are not seen in the workplace. More trust of workers is needed to expand remote work and flex time.”...
...He was a board member of a small Geneva-based private bank, the name of which was also withheld in the indictment, filed in the southern Swiss city of Bellinzona....
...Moreover, the largest companies listed in London derive the bulk of their revenues and profits from overseas: Depending on the final rules, the Brisa may apply to London-listed investment trusts dedicated...
...The City veteran held many other notable roles in his decades-long career....
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...Steve Goodrich, head of research and investigations at Transparency International UK, said: “Until we take big money out of politics, stories like these will continue to make headlines and diminish trust...
...The City of London Investment Trust, which invests primarily in London-listed companies, such as BAE Systems, Relx and Shell, saw a 55 per cent rise in purchases between December 2023 and January 2024, despite...
...As we were in Paris and it was lunchtime we wanted to dine, not snack. Like many big cities there’s a huge variation of quality and some restaurants are simply awful. Even in Paris....
...February 22 and 23; further information and tickets here ‘Macbeth’, Tokyo Metropolitan Theatre The Egiwa theatre company’s Japanese-language take on the Scottish Play is a “more approachable” production...
...city of Innsbruck....
...He inherited the estate in 1988 from Dorothy “Dolly” de Rothschild, and financed and oversaw it for the National Trust....
...“Structural reasons as well as the interest rate environment are both contributors,” said Jill Carey Hall, equity and quant strategist at Bank of America....
...“I think that [the leaving of items] has died down a bit now,” says Harvey Edgington, senior filming and locations manager at the National Trust....
...Central banks: The Bank of Japan will conclude its two-day policy meeting and release fresh quarterly growth and inflation forecasts, while the Reserve Bank of New Zealand issues an activity report....
...“For them, it’s better to put bums on seats and take on that cost than to run the risk of liquidity shortfalls,” said Gerard Walsh, head of client solutions at custody bank Northern Trust in London....
...A probe by the FCA said the amount of interest these companies had earned from customers’ cash balances had “increased substantially” in the past 18 to 24 months as the Bank of England raised the base rate...
...As a result, the climate for UK investment in start-ups is “cooler” than in the past couple of years, but “not freezing”, says Garri Jones, co-head of a team at investment bank Lazard connecting investors...
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
...The trust grew from a market capitalisation of £80mn in 1980 to about £3bn today....
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