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...US groups Philip Morris and PepsiCo earned $775mn and $718mn, respectively....
...Additional reporting by Sam Jones...
...The chief executive of Philip Morris told the Financial Times last month he would “rather keep” his Russia business out of duty to his shareholders than sell it cheaply because of moral pressure from politicians...
Philipp Rickenbacher will be replaced by his deputy as bank exits its private debt business
...Sam Woods, chief executive of the PRA, said: “The serious failings in this case go to the heart of the PRA’s safety and soundness objective . . ....
...Additional help by Sam Giovinco, Peter Barber, Saffeya Ahmed, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...“Third party service providers often play a vital role in the delivery of important services by banks and insurers,” said Sam Woods, head of the PRA....
...Additional reporting by Sam Jones in Zurich...
...“Credit Suisse’s failures to manage risks effectively were extremely serious and created a major threat to the safety and soundness of the Firms,” said PRA head Sam Woods. Read more here....
...“Credit Suisse’s failures to manage risks effectively were extremely serious, and created a major threat to the safety and soundness of the firm,” said Sam Woods, head of the UK’s PRA....
Finance ministry halts awards as demoralised bankers say ‘we thought it couldn’t get any worse’
Germany’s chancellor rejects Credit Suisse comparison as EU leaders seek to reassure markets after share slide
Lender tumbles as much as 30% after top shareholder rules out participating in equity raise
Regulators engineer takeover of stricken bank by larger Swiss competitor after frantic weekend
Developer named by prosecutors last year as a suspect in long-running corruption investigation
...It was catalysed by figures such as Harvey Littleton in the US and Sam Herman in the UK in the 1960s and 1970s....
...But they had not planned for the presence of corporate negotiator Sam Nelson (Elba), who is flying to London to try and repair a very broken marriage with a very modest Gucci bracelet....
...DC Advisory has appointed Tim Morris as UK CEO. Richard Madden will assume the newly created role of European executive chair....
...But some shareholders have begun voicing similar frustrations, the FT’s Stephen Morris and Harriet Agnew report....
...Sound design and mixing by Sam Giovinco. Cheryl Brumley is the global head of audio. Thanks for listening. See you next week. [MUSIC PLAYING]...
...With additional reporting by Sam Jones in Zurich...
...In early December 2019, Higgins was summoned at 24 hours notice to see Mark Carney, then governor of the Bank of England, Andrew Bailey of the FCA, who has since succeeded Carney, and Sam Woods of the Prudential...
...Additional reporting by Arash Massoudi in London and Sam Jones in Zurich...
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