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...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Javid previously worked as head of credit and commodities trading in Asia for Deutsche Bank and more recently as an adviser to JPMorgan in London....
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...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...For more than a decade Citi has operated with two divisions: ICG and a consumer-focused division that includes Citi’s retail bank, credit cards and wealth management....
...The cost-cutting efforts will come under the purview of Stefan Seiler, who will be installed as head of human resources and corporate services — responsible for employees, real estate and vendor management...
...Their intervention comes days after the central bank was forced to provide an emergency SFr50bn ($54bn) credit line to Credit Suisse....
...Both sides have been locked in discussions with regulators since Wednesday, when Credit Suisse asked the SNB to provide it with an emergency SFr50bn ($54bn) credit line....
...Marc FilippinoStephen Morris is the FT’s banking editor. Thanks, Stephen. Stephen MorrisThank you very much....
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
...The 58-year-old, who was treated for cancer last year, must do so against the distracting backdrop of Staley fighting a lifetime ban from financial services in the UK after regulators said he misled them...
...Regulation Authority said on Tuesday that it had imposed the second-largest penalty in its history after HSBC failed to correctly identify customer deposits eligible for protection under the Financial Services...
...Barclays could squeeze costs at its corporate business, which makes loans and provides services to large companies....
...Peltz claims credit for Disney’s share price gains, saying the fresh campaign he launched in October has helped fuel the rally....
...Qube was spun out of Credit Suisse’s asset management arm in 2018 and is managed by chief executive Pierre-Yves Morlat and chief investment officer Laurent Laizet....
...Barclays de Zoete Wedd was its first attempt to build a full-service securities operation, formed in 1985 by merging its merchant bank with a stockbroker and market maker....
...He also flagged an uptick in impairments at the credit card business reflecting tougher economic conditions for customers....
...at Credit Suisse....
...and Serbia 200th day of the Hamas-Israel conflict after Hamas launched an attack on Israel on October 7 last year UK: 100th anniversary of both the first radio broadcast by a British monarch, George V...
...clarifying many aspects of the planned run down and integration, execution risk in the transaction will remain high given its breadth and complexity,” said Alessandro Roccati, an analyst at Moody’s Investors Service...
...Gary Morris, principal of Morris Powell Financial Management, has an ADHD diagnosis. He says his neurodiverse clients may avoid interacting with him for long periods....
...offered the family office prime broking services....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“Commercial viability is fundamental for ambitious projects of this size and scale,” said Molly Morris, president of Equinor Renewables Americas....
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