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...So each [country] wants to have their own national champion, forgetting that winning the national championships doesn’t take you very far in terms of global [dominance].”...
...“The revenues aren’t there, so this is partly a response to overexpansion. But there is also a simpler explanation: political cost-cutting,” said Thacker....
...“The notion that large companies can’t be changed is not right. There are many levers you can pull . . . we believe that UBS can become significantly more profitable over time.”...
...The firm has made a series of investments in recent years in the telecoms and technology sectors, including the acquisition of T-Mobile’s Netherlands business, in a deal valuing the company at €5.1bn....
...When HSBC chief executive Noel Quinn was asked on Wednesday whether such “spirits” should be released, he said: “I don’t think [they] should.”...
...I don’t think what has happened [at Credit Suisse was] about [needing] more capital,” he added....
...Here to talk to me about that is the FT’s Owen Walker. Hey, Owen. Owen WalkerHey. How’s it going? Sonja HutsonIt’s going well. Thanks....
...Jane Owen is an FT contributing editor and garden author Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Here to explain why is the FT’s European banking correspondent Owen Walker. Hi, Owen. Owen WalkerHey, how’s it going? Saffeya AhmedI’m good....
...“You can see quite a meaningful churn of clients if they’re saying, ‘let us sell you more things or we can’t bank you any more’.”...
...“Landscape and Imagination, from Gardens to Land Art” closes Sunday June 16; comptonverney.org.uk Jane Owen is an FT contributing editor and garden author Find out about our latest stories first — follow...
...Morgan Stanley’s recently departed CEO James Gorman said last year that employees “don’t get to choose their compensation, they don’t get to choose their promotion, they don’t get to choose to stay home...
...“I wasn’t surprised the new digitalised world would transfer into faster outflows,” he said. “I was surprised that was not recognised ex-ante by regulators.”...
...But Sir John Vickers, who chaired a commission on the UK banking sector after the 2008 financial crisis, said: “Losses on bonds or fixed-rate mortgages when interest rates go up are not just ‘paper losses...
...Jane Owen is an FT contributing editor Robin Lane Fox returns on December 16 Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...The Corporation and the Twentieth Century: The History of American Business Enterprise by Richard N Langlois Princeton $50/£42, 816 pages Sir Geoffrey Owen is a former editor of the FT Join our online...
...“The easy losses are getting rid of headcount, the sticky ones are allocated in control functions, data, IT,” Kelleher added. “2024 is the first year we don’t have the cover of the ‘easy’ costs.”...
...Instead we have Clive Owen starring as icy technocrat Andy Ronson and Emma Corrin as Darby Hart, a coroner’s daughter who has lately turned a cold case into a red-hot bestseller....
...Sarah Owen’s entrepreneurial journey also began after being sacked from a marketing job....
...Although clothes don’t play a huge part in any of Beauman’s books, Venomous Lumpsucker nods to a Rick Owens tunic from the spring/summer 2016 Cyclops collection that he’s long lusted after but couldn’t afford...
...Jane Owen is an FT contributing editor Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Size matters in fashion — but bigger isn’t always better....
...But the Boeing CEO can’t go to Seattle and fix that, he also has a huge defence business to think about,” said O’Leary....
...An asset sale would “merely [kick] the can down the road and doesn’t address the fundamental issue that the bank is over-costed and lacks scale”, said Gary Greenwood, analyst at Shore Capital....
...The recordings (by voice actors) are played straight at first but Owen Belton’s ingenious sound design gradually breaks down the dialogue, interlayering it with music and special effects as the 80-minute...
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