Hints and tips:
...His predecessor, Kevin Sneader, failed to make the run-off in the last leadership race in 2021, which took place shortly after McKinsey agreed to pay almost $600mn to settle lawsuits over its work for opioid...
...Until 2021, StanChart was subject to a deferred prosecution agreement after paying $1.1bn to settle charges from the UK and US that it helped clients dodge sanctions on Iran....
...EY US paid $100mn last year to settle SEC charges related to the cheating itself as well as claims that the firm misled the regulator by failing to disclose new evidence from an internal whistleblower....
...The consulting arm would also raise debt and the transaction proceeds would be used for cash payouts to audit partners and to settle other liabilities, TPG said....
...WithumSmith+Brown, a US accounting firm that audited hundreds of special purpose acquisition companies during the boom in Spac flotations this decade, has paid $2mn to settle claims its work failed to meet...
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
...Each time one of these cases came up, Credit Suisse chose to fight the claims rather than settle, which stored up trouble further down the line....
...It could take until 2025 for hiring, firing and promotions to settle back into their pre-pandemic patterns, however, said Mian....
...Morgan Stanley agreed to pay $249mn to settle long-running federal investigations into misconduct at its block trading business, as one of its former top investment bankers admitted to leaking confidential...
...Stephen, what do you think?...
...Mastercard’s earnings included a one-time charge of $175mn to cover an arrangement the company and its rival Visa reached with 700 UK retailers in December to settle claims that the credit card companies...
...So I think to me the thing I’m really interested in is when the dust settles, do . . ....
...There is someone called Michelle Donelan, who’s the science secretary who’s had to settle a libel case with an academic who she wrongly accused of being a supporter of Hamas....
...stephen.bush@ft.com...
...The bank’s fourth-quarter profits fell almost a third, as wealth management costs climbed and it reached a $249mn deal with regulators to settle a block-trading probe....
...It has paid more than $900mn to settle legal claims it is culpable in the US opioid crisis, and its managing partner Bob Sternfels was hauled before Congress in 2022 to discuss conflict of interest claims...
...The bank in January agreed to pay $249mn to settle the case that looked at whether it leaked confidential information to clients. Additional reporting by Claire Jones, Stephen Gandel and Stefania Palma...
...Shortly before the 2021 ballot, McKinsey agreed to pay almost $600mn to settle allegations in the US that it helped drugmakers “turbocharge” drug sales and contributed to an epidemic of opioid addiction....
...Barclays similarly refused to settle when the DoJ initially demanded more than $5bn. That gamble seemed to pay off when Barclays agreed a $2bn settlement a few months later....
...Then, with the government’s remaining headroom, it should try to settle lingering disputes in the public sector, such as the ones helping to aggravate the problems in the NHS....
...really important that we don’t tar every crypto business as being like FTX or Binance,” said Afolami, referring to two leading crypto exchanges, the first of which collapsed while the second paid $4bn to settle...
...“The bitcoin white paper misses the whole legal infrastructure around the process,” says Santos-Stephens....
...Affluent residents include activist investor Carl Icahn, Amazon founder Jeff Bezos, Blackstone’s Stephen Schwarzman and venture capitalist David Blumberg....
...But from the perspective of Starmer or Sunak, the alarming thing isn’t simply that Trump — who has boasted that he could “settle” the war in Ukraine in a day — might win, it’s that the whole Republican party...
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