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...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...The use of reinsurance, which has also surged in price, was an important layer of protection, he told the Financial Times....
...In 2010, the then emir Hamad bin Khalifa al-Thani, told the Financial Times that he would be interested in bidding for Sotheby’s rival, Christie’s, which is owned by the Pinault family....
...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
...The Financial Times reported in March that the lenders were planning to oust the current management team and that former Regal finance chief David Ownby, who is advising some of the secured lenders, was...
...AIG has had a string of chief executives and a stop-start restructuring since its bailout in the 2008 financial crisis....
...If people also enjoyed imagining that the 20th century’s foremost screen-printer of soup cans was equally prescient about financial markets, they might misattribute this statement to him too: “In the future...
...Doing so would deliver a financial boost with the potential to turn the war in Kyiv’s favour, argue those in support, led by the US....
...Unusually, Smith & Nephew will not raise the pay of its UK-based chief financial officer, underlining differing pay packages between the US and UK....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Consultants draw parallels with the kind of credit used to back some interest rate swaps that blew up in the 2008 financial crisis....
...“Why does it matter, from a purely financial point of view, what happens to Berkshire after Buffett?”...
...Guy Wall, the managing director of A&M’s restructuring practice in Dubai, last month became a director of Brooge Energy Limited, a UAE oil storage company that had been plagued by financial reporting failings...
Xi Jinping hopes manufacturing can offset the property slump
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...Terry Smith and Nick Train suffer outflows The continued march of cheap passive equity offerings and the more recent move towards high-yielding cash products has two prominent casualties: Terry Smith and...
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
...Therese Chambers, the FCA’s joint executive director of enforcement and market oversight, said financial firms had a duty to keep safe data that was “highly attractive to criminals”....
...Clips from Activision Blizzard For further reading: How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle The newfound influence of the UK’s competition watchdog US v...
...The demise of Greensill, which was backed by Japan’s SoftBank, sparked a financial and political scandal in the UK and left investors nursing big losses....
...Therefore, we do not anticipate any financial impact on Victoria from any of the above matters....
...“Because financial actors are the ones behind it, they have managed to translate the environmental crisis into one metric, which is carbon.”...
...In response, Victoria said that there “have been no accusations of serious financial misconduct or wrongdoing at Hanover” and that FTAV’s article “single[d] out an employee of Victoria who was convicted...
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