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...Far from being one of the “unknown unknowns” that Buch, as the eurozone’s new chief banking supervisor, wants banks to prepare for, increasing interest rates are a natural consequence of quantitative easing...
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...HSBC has agreed to sell its Argentina unit to Grupo Financiero Galicia for $550mn, a move that will trigger a $1bn loss in its earnings for the first quarter of this year....
...In a January call with analysts, Vodafone Idea’s chief executive Akshaya Moondra said the company was engaged in a “fine balancing act” between its need to invest and service its debt....
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...The new manufacturing division, aimed at building chips designed by other companies, is part of a turnaround plan introduced by chief executive Pat Gelsinger, who took the helm three years ago....
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...T V Narendran, the Tata Steel chief executive, said last week he did not rule out such a plant, if conditions were right....
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...The unit unveiled similar cuts last April but results have remained weak....
...Morgan Stanley is planning to cut hundreds of jobs at its wealth management business in the first major action under new chief executive Ted Pick, said a person familiar with the matter....
...Under the SSF, the information forces had been in charge of collecting technical intelligence and providing intelligence support to regional military chiefs....
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...authorities, including the Department of Justice and Securities and Exchange Commission, after an accident that led to the shutdown of driverless car operations across the country and the resignation of its chief...
...an unpredictable operating environment and continued to execute on our strategy to drive sales growth while taking strategic actions to transform our operating model and further enhance productivity,” chief...
...For now, the unit is spending heavily to insulate its wires or bury them underground. But the long-term cost to Berkshire remains unknown....
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...Letter in response to this article: One ‘unknown unknown’ banks should know about / From Trevor Wood, Partner, Vedder Price, London EC2, UK...
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