Hints and tips:
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...Lad, Mistry and Christopher Marsh are also charged with five counts of fraud by false representation contrary to sections 1 and 2 of the Fraud Act as well as one count of making and supplying articles for...
...The cuts could cost as much as $1.8bn, Citi said on Friday, but save as much as $2.5bn a year by 2026 when they are due to be completed....
...Overall, Citi’s chief executive Jane Fraser told analysts that she expected inflation to continue to fall and the economic outlook to remain positive....
...Bird himself has drawn ire for telling staff earlier this year that bonuses would be paid for “performing colleagues”, while his total pay increased to £2.1mn from £1.7mn the previous year....
...It should be noted that some teams had to leave before the last rounds of questions, and a few scorecards somehow disappeared before the final tally. 1. Bold Vision (46.5 points) 2....
...HSBC UK’s was 1.89 per cent at the end of last year, up from 1.53 per cent in 2021. But the gap between what banks charge borrowers and what they pay savers may have reached its limit....
...Malcolm Gomersall, the company’s chief operating officer, will run day-to-day operations while the firm searches for a replacement....
...Read a preview of the 2-day meeting. Five more top stories 1....
...JPMorgan’s deposits rose 1 per cent during the quarter to just shy of $2.4tn, boosted by its acquisition of failed regional lender First Republic in May....
...Bain offers the same, and BCG pays $2,000 less....
...The New York-based bank reported $2.9bn in net income, down from $4.5bn in the same period last year. Revenues dipped 1 per cent to $19.4bn in a quarter marked by mounting fears of a US recession....
...On average US companies stipulate 2.56 days in the office per week, according to the new Flex Index report, halfway between what employers hope for (2.75 days), and the 2.21 days employees would like....
...It falls from 4.5% of GDP in 2023-24, to 3.0%, 2.7%, 2.3%, 1.6% and 1.1% in 2028-29....
...Five more top stories 1....
...Jane Osbourn, chief scientific officer at another biotech, Alchemab Therapeutics, was one of the scientists giving up their evenings and weekends to hunt for a Covid-19 antibody....
...Even after its recent share gains, Citi was trading at 56 cents on a dollar of book value, compared with price-to-book multiples of 1.05 at Goldman Sachs, 1.12 at Bank of America, 1.33 at JPMorgan Chase...
...Thursday UK, 1,400 security officers at Heathrow airport resume strikes over pay, part of an eight-day programme of action throughout May....
...2.1, and one of the lowest in the world....
...“Obviously, the Russia-Ukraine war drove significant volatility in FX markets,” chief financial officer Mark Mason said on a call with reporters, referring to foreign exchange markets....
...Jo Ellison is editor of HTSI Jane Fraser CEO, Citigroup | Committed visionary BY LAURA NOONAN Jane Fraser didn’t just break through Wall Street’s glass ceiling when she became chief executive of one...
...“We’ve calculated that for every person who uses the pool, it is somewhere between £1 and £2 extra on the energy bill every visit.”...
...Double doors lead to a library of 1,500 cookbooks, including titles by Elizabeth David, Jane Grigson and Judy Rodgers’ The Zuni Cafe Cookbook, which Gyngell describes as “an endless source of inspiration...
...Law enforcement officers shot dead 18-year-old Salvador Ramos, who was suspected of carrying out the mass shooting at the Robb Elementary School in Uvalde, Texas. 2....
...But those planning to list on the bourse after July 1 must immediately comply with the new rules or their share sales will not get off the ground....
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