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Trial at London’s High Court over Mozambique scandal is due to start next week
...The magic word is railway,” said Joseph Jung, the bank’s former official historian and author of a book on Escher called Rise, Power, Tragedy — a title that could equally fit the bank he founded....
...The regional lender also appointed a new chief executive, Joseph Otting, a former head of the Office of the Comptroller of the Currency in the Donald Trump Administration....
...Stephen Schwarzman’s income from Blackstone Group fell below $1bn in 2023, a decline of more than 30 per cent from the previous year, as a slowdown in dealmaking made it harder for the world’s largest private...
...Along with the equity raise, NYCB said Joseph Otting, a former US banking regulator who ran OneWest for Mnuchin, would take over as NYCB CEO....
...The regional lender also appointed Joseph Otting, a former Comptroller of the Currency in the Donald Trump administration, as its new chief executive....
...One of the chefs, Lauren Joseph, wrote for the FT this weekend about what it was like to work there that night and what it means for the restaurant....
...Mnuchin and Joseph Otting, the former regulator who has taken over as NYCB chief executive, have a history of rebuilding troubled lenders: they bought failed mortgage lender IndyMac from the FDIC in 2008...
...Stephen Stanley, chief US economist at Santander Bank, said that any impact was likely to be small....
...Joseph Dickerson, analyst at Jefferies, said: “The focus of the results in our view is to what extent investors buy in to the 12 per cent return on equity guide for 2026....
...Clarity on strategy, capital consumption and returns is needed at the update on 20 February,” said Jefferies analyst Joseph Dickerson. “The CEO has sent some mixed signals” in recent interviews....
...Stephen Foley is the FT’s US accounting editor....
...“Investors were expecting a clean set of numbers . . . and we do not have that today”, said Joseph Dickerson, an analyst at Jefferies....
...Jefferies analyst Joseph Dickerson said he was disappointed that management had “stuck to its stale [£2bn] full-year buyback policy” and pointed out that the lender had another £2.5bn in excess capital....
...stephen.bush@ft.com...
...“The appointment of untried relatives is a clear sign not only of nepotism, but of Mnangagwa’s desire to have a ‘comfort cabinet’,” said Stephen Chan, professor of world politics at London’s School of Oriental...
...“This has been a most ineptly organised election,” said Stephen Chan, professor of world politics at the London’s School of Oriental and African Studies and a longtime observer of Zimbabwean elections, who...
...Nikola Energy appointed Ole Hoefelmann as president on Monday, replacing Joseph Cappello, who started in September....
...Its deal is the biggest private equity investment in the sector so far, and the firm’s retired partners are not pleased, the FT’s Stephen Foley reports....
...I read with interest Stephen Bush’s empathetic article “The problem with power parents” (Opinion, September 26) describing the ignominious outlook of financial ruin for Joseph Bankman and Barbara Fried,...
...gripped by Marianna Giusti’s account of the Italian seaside village that has become a playground for the Russophone ultra-rich, I was in ferocious agreement with Janan Ganesh’s excellent column, and I loved Joseph...
...In 1990, after his plans to sell Luna Luna to the city of Vienna or tour it through Europe fell through, Heller sold it to the Stephen and Mary Birch Foundation....
...The subject is Joseph Bologne, known as Chevalier de Saint-Georges, the 18th-century composer we see as a child arriving at boarding school....
...Monday Samir Shah begins a four-year tenure as the chair of the BBC, taking over from acting chair Dame Elan Closs Stephens who stepped in following Richard Sharp’s resignation in April 2023 Results: Clarksons...
...Joseph Seligman sold Union securities while Mayer and Emanuel Lehman pushed Confederate debt and dabbled in the black market for southern cotton....
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