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...Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”....
...This year, the company will write around £2bn of business within Lloyd’s itself....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The move by Lloyds came as a court hearing last week in the British Virgin Islands postponed the appointment of liquidators for a holding company that sits above the newspaper group and the debt....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The three had previously worked together at Lloyd George Management, an emerging markets fund manager. Of the three co-founders, only Robertson remains at the firm....
...Thwaite, who has been chief for just two months, announced a string of management changes that will reduce the retail banking group’s executive committee by a third....
...The company conducted work to compare listing venues....
...“The board regularly reviews succession planning and has oversight of detailed plans, including the process of external market mapping of key board and senior management roles,” StanChart said....
...The bank said last month it would cut jobs in its risk function, after management found it was a “blocker” to the transformation plan....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...wealth management and insurance....
...Plus, Lloyds Bank is axing some of its risk management staff. Akila Quinio Yes....
...But the reputational storm engulfing the company — which I wrote about in January — was always going to require sharp changes to management, from regulators and in terms of its corporate culture....
...Financial stocks like Legal & General and Lloyds Banking Group, which offer attractive dividend yields of 8.18 per cent and 5.6 per cent respectively, are also included....
...The European Fund and Asset Management Association said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from...
...Its retail current accounts were hit by a £9.4bn reduction since the start of the financial year that was partly offset by inflows of £5.2bn into its savings and wealth management products....
...The bank’s former CEO Lloyd Blankfein....
...GILLIAN TETT: There's a cynical view sometimes expressed on Wall Street which is that when a big company gives a top job to a woman, it's often because the company is in trouble....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...The FCA first said it was investigating interest-linked deals offered by motor finance companies in January....
...Why Elliott is stuck in AC Milan’s legal mess When Elliott Management sold AC Milan for a record-breaking €1.2bn in 2022 to private equity group RedBird Capital Partners, it was seen as a coup....
...Lloyds Bank, which owns Black Horse, the UK’s largest car finance provider, last month set aside £450mn to cover potential redress costs linked to the probe....
...Simon Evans, head of the Consumer Redress Association, a trade body for claims management companies, said the FCA’s announcement was “good news” for consumers....
...Purchases of struggling retailer JD Sports climbed 758 per cent between December and January, while buys of Lloyds Banking Group rose 113 per cent in the same period....
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