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...Greensill Bank said it claimed on its Zurich policy in March last year but had not been paid....
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...Germany’s financial watchdog BaFin rebuked the lender over the failures and has installed a special monitor to oversee how the lender fixes the issues....
...The Financial Times has found the offers among more than 2,400 job advertisements posted in Russia by the Austrian lender since December, of which almost 1,500 are for sales management and customer service...
...Zurich said it was “committed to finding a solution for this portfolio and will explore options in due course”, adding that the deal collapse did not affect its financial targets or capital management plans...
...Much more importantly: the staff and service are faultless....
...to it was false, and one of Zurich’s own employees had exceeded his own underwriting limits, according to court documents seen by the Financial Times....
...He said that the financial sector was “a pivotal driver of growth and prosperity in Switzerland”....
...The stock has risen more than 60 per cent over the past year but is still 90 per cent below the bank’s peak before the 2008 financial crisis....
...It is also prepared to lose some former Credit Suisse clients who are overly reliant on borrowing from the bank without paying enough for other products and services....
...People with direct knowledge of the ruling told the Financial Times earlier this week that the watchdog concluded that the audits were “at the very least” negligent, and in some cases grossly negligent,...
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Swiss lender awards returning chief executive $15.9mn for steering integration of Credit Suisse
...Swiss financial news outlet Tippinpoint was first to report his departure....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...An investigation by the FT found that the Austrian bank had posted 2,400 job advertisements in Russia since December, with some 1,500 for sales management and customer service roles....
...But thousands of clients were locked out of their accounts and service centres were overwhelmed after 12mn clients and 50bn individual data sets were moved to a different IT system....
...Job moves Stephanie Cohen, one of the most senior female executives in Goldman Sachs’ history, is leaving to become chief strategy officer of digital services group Cloudflare....
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