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...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
...It also comes as Citi is cutting thousands of jobs as part of big reorganisation. A Citi spokesperson said: “Enhancing client experience is our number-one focus....
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Now that uplift will be 22 per cent, according to people familiar with the call, representing tens of thousands of dollars in many cases....
...Some businesses continued to struggle, including the wealth management division....
...Cathie hits the comeback trail Cathie Wood — I think still the only woman in finance who is often known by her first name alone — is back....
...Graham-Yooll’s nose for a fake has helped lead to the arrest of whisky fraudsters and criminals, including one who had amassed a bogus collection worth tens of thousands of dollars....
...The downfall of his firm, which trapped thousands of investors and left them nursing heavy losses, “will always weigh heavily on me”, he added....
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...The firm — named after the Elizabethan writer, priest, geographer, diplomat and rumoured spy, Richard Hakluyt — gleans information from a network of thousands of individuals worldwide who provide information...
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...“Once Apple starts enforcing it, hundreds of thousands of apps will be removed because very few have obtained an app filing,” said Bishop....
...That trails the industry’s 25 to 35 per cent, says Numis’s David McCann....
...The writer is an FT contributing editor Britain is second only to the US as a centre for asset management. The business is fabulously profitable and employs tens of thousands in highly paid jobs....
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...Investors pumped $65.6bn into active ETFs in the three months to the end of March — more than 50 per cent higher than the previous record of $41bn in the fourth quarter of 2023 — as assets under management...
...Apple restricts services in Iran, but tech-savvy users have found innovative ways to sidestep the restrictions, from using a foreign address to secure an Apple ID to buying gift cards to purchase apps and...
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
...Confide’s platform allows whistleblowers to anonymously report complaints and respond to queries, offering companies secure case management, reporting and a paper trail to demonstrate compliance....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Hiroshi Lockheimer, head of Android, will be moved to work on other products and is replaced by Sameer Samat, vice-president of product management for Android and Google Play....
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...“Type in ‘black tote,’ you’ll see thousands of choices and hundreds of brands at any price point,” she said....
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