Hints and tips:
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...And ever since he had wanted to drive one. He still has the letter. “The last car I bought, just to put things in perspective, was a Mercedes V-Class, to put all the kids and the dog in it.”...
...Trust, or at least the perception of it, is something that Apple has actively marketed in an effort to distinguish itself from companies such as Google or Meta, which depend largely on targeted advertising...
...The key to scaling, said Naik, is being brandless and joining forces with companies on the ground in markets that have already established trust with local consumers and regulators....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...And don’t miss the cyber security scare that is threatening a JPMorgan investment in the payments space. Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Commonwealth Bank of Australia last year sold the investment group to Mitsubishi UFJ Trust and Banking Corporation (MUTB) for A$4bn....
...and banking sectors when the epidemic started....
...The sale of Colonial First State Global Asset Management by Australia’s biggest bank by assets is the latest in a swath of divestitures by Australian lenders, which are refocusing on core banking services...
...She has simplified the group, tidied up its structure and settled a commercial dispute over the family name with a rival branch of the 250-year-old Rothschild banking dynasty....
...In Spain, restructuring in the banking sector has helped companies access funding for overseas expansion, particularly in Latin America and the Middle East....
...I wrote a piece invoking a breakdown in trust between banks and described the atmosphere as “panic”, but did not mention the bank branch....
...After decades in the labs, the technology is starting to make the transition from science experiment to rudimentary prototype sparking interest in fields as diverse as chemicals and banking, and prompting...
...The alleged fraud took place in the state-owned Punjab National Bank’s far-from-glamorous Brady House branch, located in a fusty colonial-era building in Mumbai’s historic business district....
...The manoeuvre suggests a lack of trust in Italian ownership and defies the notion of open investment in Europe....
...A round up of some of the week’s most significant corporate events and news stories. US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Corp., Goldman Sachs Group Inc., J.P....
...On one of the busiest corners of London opposite Holborn station sits Metro Bank’s first branch, emblazoned with its trademark bright red and blue signs....
...High-profile mobile money launches by Apple and Samsung may have caught the headlines — both have recently joined the ranks of companies offering mostly wealthy owners of expensive smartphones the ability...
...And just one more, from the same filing: During 2006, Bancorp utilized Interstate Commercial Real Estate, Inc....
...Few industries were left unscathed by the global financial crisis, but the banking sector was among the worst hit and is still nursing the wounds nearly seven years on....
...Bidders through to a second stage of more detailed discussions include Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Holdings, and Shinsei Bank....
...The FSA said an inspection had uncovered a variety of lapses by former managers and employees, including the allocation of multiple loans to different companies within the same customer group – to bypass...
...The Bank of Mum and Dad has therefore a) bought its overgrown kid somewhere to live, in the form of a listing and b) handed him a trust fund to live on....
...The union strongly protested against the planned workforce restructuring and plans to sue Citibank Korea’s chief Ha Yung-ku this week for accounting fraud and breach of trust....
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