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David Schwimmer could earn up to £13.1mn this year and become one of the best-paid FTSE 100 executives
Promotion of Hong Kong based insider Hidehiro Imatsu follows months-long leadership vacuum
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuations
British bank reports 13% decline in quarterly profits but still beats analysts’ expectations
First-quarter net income increased 10% from a year earlier to €1.45bn
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to bite
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fall
Plus, one UK local council gets wooed by a Monaco hedge fund and Rodolphe Saadé leans into building a media empire
Allocations represented only 16% of total new money garnered by ETFs, down from 65% during highs of 2022
New figures show that default and recovery rates compare favourably with other debt asset classes
Trend-followers profit from bets on rocketing cocoa price and against sinking yen
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
Tangen finds US investments more attractive due to weaker regulations and more risk-taking
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lender
The RBI is stepping up efforts to crack down on the consumer-finance sector
UK’s largest asset manager has hired headhunters to sound out potential candidates
JPMorgan chief says he would ‘love to be president, but you’d have to anoint me’
Analysts estimate changes could require between $15bn and $25bn of additional capital for the lender
Collapsed crypto firm and co-founder were found liable for fraud
CFPB boss warns over competition and financial stability as Capital One and Discover pursue $35bn merger
The Financial Conduct Authority already has deterrence tools at its disposal
Competition in savings and mortgage markets and rate cut expectations weigh on margins
Plus, Thames Water’s not-so-secure securitised bonds and the FTC tries to curb luxury sector dominance
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