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...AI start-up Anthropic (FT) Janet Yellen warns China against clean energy dumping (FT) Xi Jinping tells US CEOs that China’s growth prospects remain ‘bright’ (FT) Tom Hayes loses appeal against Libor rigging...
...Our sound engineer is Breen Turner with original scoring by Metaphor Music. The FT’s head of audio is Cheryl Brumley. This transcript has been automatically generated....
...Mr Lewis’s 201 4 book Flash Boys — or simply “The Book” — as it is glumly referred to by high-frequency traders — was a bombshell, with its accusations of “rigging” the US stock market triggering outrage...
...Mr Diamond built Barclays into one of the world’s biggest investment banks, notably with the acquisition of the US operations of Lehman Brothers after it collapsed in the financial crisis....
...Sophie Turner Laing, chief executive, defended her strategy the same month, saying that she had sought to integrate the businesses “as fast as possible”....
...Barclays originally bought the indexing business in 2008 along with other parts of the collapsed US investment bank Lehman Brothers....
...That would be the biggest fine imposed so far on a bank accused of rigging the benchmark borrowing rate....
...The combined companies will produce programmes ranging from Big Brother and MasterChef to American Idol....
...(Financial Times) (WSJ) E&Y to pay $99m to settle Lehman litigation case: “Ernst & Young agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers, according...
...(Financial Times) (WSJ) “Ernst & Young agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers, according to a filing in federal court in Manhattan....
...The two companies have clashed over the years but Netflix recently struck new content deals for programming made by Turner Broadcasting and Warner Brothers, two Time Warner subsidiaries....
...Violence in Syria has raised concerns about a regional disruption to oil supplies, with the country’s defence minister and President Bashar al-Assad’s brother-in-law being killed on Wednesday, says the FT...
...It was for them to decide whether they could achieve that under the current leadership,” Lord Turner said....
...US MMF assets have fallen by a third since early 2009, although they still total more than $2.4tn, according to Crane Data, a specialist research firm....
...Concerns about the bank’s record at exercising judgment over financial stability, however, are as numerous as plaudits for the new state of affairs, not least in the scandal surrounding the rigging of Libor...
...But the group has handed its permission to do so back to the FSA, which was worried about its capital strength following the collapse of Lehman Brothers....
...“This is a potentially lucrative time for them and the other boutique advisory firms,” said Jackson Turner, an analyst at Argus Research. “In previous downturns M&A work stopped. This time . . ....
...But then, eighteen months ago, working for a bank like Lehman brothers was a good thing....
...Top job offers flooded in: Doc Brown in Back to the Future, Frasier Crane in Cheers, a role written with him in mind. But Lithgow declined to capitalise on his newfound fame....
...“Many of the inputs to the model are subject to some pretty wide discretion,” said Bob Willens, accounting analyst at Lehman Brothers....
...Paul Sheard, economist at Lehman Brothers, said the “near-term outlook for exports” was “likely to remain reasonably strong, due mainly to sustained strength in exports to the US”....
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