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...There were even larger provisions in the second quarter than in the first three months of the year, as banks tore up forecasts for a V-shaped recovery....
...Staley survived, albeit without a chunk of his pay package....
...Otherwise it predicted the economy would bounce back in a V-shaped recovery....
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...Staley has told colleagues he would leave if he were forced to take a hatchet to the investment bank....
...What else we’re reading The People v Harvey Weinstein Only hours after Hollywood partied into the night, Harvey Weinstein hobbled up the steps to a New York City criminal court....
...Jes Staley, chief executive of Barclays, which is based in the UK but also has a sizeable Wall Street investment bank, “repeatedly pushed” the IFRS9 issue at the meeting, said several people who attended...
...All of which means we’re good for a V-shaped recovery that’s not yet priced in, says Exane, which then goes stockpicking....
...Ralph Atkins Lex writer Best of Lex articles Kraft Heinz: playing ketchup Danone v Nestlé: grudge matcha Sainsbury’s/antitrust: Asdaburied Centrica: so last century Wirecard/short selling: the naked...
...Jes Staley does not act like a man under siege....
...A 2009 Supreme Court case involving prescription drug labels, Wyeth v Levine, greenlighted state laws that are stricter than federal laws....
...“Rather than US v European, it’s starting to diverge,” said the head of one investment bank. “I think we’re at an interesting point where the Europeans dug in,” said Mr Wheeler....
...(WSJ) Barclays’ investment banking dilemma: Since Jes Staley took over in 2015 shares have fallen from 260p to 190p, and the future of Barc's investment bank remains at the centre of the problem....
...Overall, I would have given him six out of 10 for his memo, were it not for two inexcusable uses of the v-word. “There can be no retreat from becoming a values-driven organisation,” he insists....
...Jes Staley’s email to underlings starts well but fails on its use of the ‘v-word’, says Lucy Kellaway...
...They are one of only two families to have three generations of work represented in the Smithsonian (the other is the Wyeth family of painters)....
...the Analysts, Martoma claimed to have “black edge” —illicit, nonpublic information… The Analysts exchanged a number of emails and instant messages with Cohen about whether Martoma’s advice on Elan and Wyeth...
...Meanwhile here’s the DOJ’s sealed criminal complaint in USA v Martoma....
...The court will decide whether to shield drugmakers from many costly patient lawsuits, agreeing to hear Wyeth v Levine, a case that tests whether companies are protected from liability when federal regulators...
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