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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...GMO’s head of Japan equities Drew Edwards said in the letter, seen by the Financial Times, that recent scandals were “just one symptom of a larger problem of broken corporate governance and culture at TIC...
...in Europe, told the Financial Times....
...Toyota chief executive Koji Sato on Wednesday said the Japanese group would focus on “cementing its position” and ensure growth by reshaping its hardware-focused business model to include mobility services...
...But the Japanese carmaker’s forecast of a significant fall in operating profit for the current financial year tells the true story: it is still playing catch-up on battery electric vehicles....
...The announcement follows a commitment from Amazon’s cloud service, Amazon Web Services, to invest $11bn in a data centre campus in northern Indiana on Thursday....
...This is a critical challenge in financial services....
...Rising sales of hybrid cars boosted Toyota’s third-quarter results, helping it raise its full-year profit forecasts and vindicating the company’s bet on the technology....
...The oil major said it would focus on its portfolio of assets, taking out waste in the supply chain, digital transformation and relying more on “hubs” for IT and accounting services....
...“Toyota doesn’t do this stuff out of the kindness of their hearts,” said Paul Hohenshell, a production worker with 25 years of service....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Toyota Motor’s Daihatsu unit is scheduled to resume assembly at its Japanese factories, four months after it suspended production due to a scandal involving rigged safety tests....
...“In all regions, the share of hybrid sales has gone up, so as a realistic solution hybrids are still favoured by our customers,” Toyota’s chief financial officer Yoichi Miyazaki told journalists....
...Carlos Tavares, chief executive of Stellantis, told the Financial Times that by increasing BEV sales to “green addicts” as well as shifting more hybrids, you “can make a very good impact on the planet”....
...One question the prefecture needs to address is how to enhance financial support, according to Ogawa....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...to German security services....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Toyota has found a decent workaround....
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Better still for auditors, there is evidence investors are willing to pay for a more robust service....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
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