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...The office will oversee the group’s people and transformation, marketing, communications, legal, governance and regulatory affairs teams....
...“As you go up [the organisation], you have a lot of very talented people, a lot of specialised people,” he said....
...The public verdict, published this month, does not name the bank. But four people with direct knowledge of the case told the Financial Times that it was Morgan Stanley....
...was discussed, the people said....
...Some of the powers formerly held by the People’s Bank of China have been taken over by a party oversight body and a revamped financial regulator as Beijing resets its growth model....
...South-east Asia, home to 700mn people, is China’s top trading partner.The bank’s office in Singapore, which like all of its overseas offices operates under CICC International, has more than doubled its headcount...
...The investigation into Bank Audi by Finma, Switzerland’s market regulator, was triggered by a corruption probe into Riad Salameh, the former longtime governor of Lebanon’s central bank, according to people...
...One of the consequences of a financial system where banks are losing ground to shadow banks/non-bank financial institutions/capital markets (delete according to preference) is that the traditional lender-of-last-resort...
...Adam said the bank will protect access to a range of payment choices, including cash “for as long as people need [it]”....
...A senior European Central Bank executive has apologised to colleagues for saying new recruits should be “reprogrammed” to ensure they support its green policies, according to two people who heard his speech...
...“Too many, particularly younger people don’t really understand the difference between a mutual organisation and a shareholder-owned bank,” said Crosbie....
...The 0.5 percentage point cut to the People’s Bank of China’s reserve requirement ratio, announced by PBoC governor Pan Gongsheng on Wednesday, will inject Rmb1tn ($140bn) of liquidity into the financial...
...Unfortunately, once QE as we know it was in train, none of the people who really mattered — Treasury officials and the executive managers of the Bank — seem to have thought very hard about the alternatives...
...and its people”....
...Monzo is nearing a new round of funding that would value the British digital bank at about £4bn, according to people familiar with the matter, in a sign of investor confidence in its expanding business....
...Accountants have been called in to try to resolve the impasse, said two people familiar with the matter. But one added that no easy solution has been identified....
...[MUSIC PLAYING] It’s a big week for central banks. The US Federal Reserve, the Bank of England and the Bank of Japan will all be making important announcements about interest rates in the coming days....
...That might indicate that the people involved are generally doing a better job than they get credit for from regulators and financial journalists?...
...I think when I started my professional life, I was 25 and I ended up in the World Bank. I didn’t really know where I would go and what I wanted to do....
...“As the GFC [great financial crisis] fades into the past, and people take comfort from the fact that banks have survived the myriad of shocks that have hit our economy over the past few years, it’s important...
...People familiar with the matter said the KYC issues had since been resolved and Deutsche had avoided fines....
...But less than a year later, under a new chair and chief executive, the bank underwent another restructuring....
...Hong Kong’s Hang Seng index lost 0.4 per cent and China’s CSI 300 fell 0.6 per cent after the People’s Bank of China announced the largest cut to the five-year lending rate since the instrument was introduced...
...that mainstream banks won’t touch....
...bank was slow to recognise....
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