Thursday 19 May 2022

Reuters Global Investor: S.African wealth manager Investec's annual profit nearly doubles

S.African wealth manager Investec's annual profit nearly doubles

South African lender and asset manager Investec's , full year profit soared by almost 91% thanks to strong loan growth, client acquisitions and increasing funds under management, it said on Thursday.

EXCLUSIVE Major Credit Suisse shareholder calls for new CEO

Credit Suisse should start looking for a new CEO to replace Thomas Gottstein, top-ten shareholder Artisan Partners told Reuters, becoming the first major investor to publicly call for such a move at the scandal-hit Swiss bank.

U.S. banks' 2021 hiring show lenders are seeking talent far beyond Wall Street

More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities - far from Wall Street - as the battle for talent pushed companies to cast a wider net for candidates, according to a study published on Thursday.

Poland's PKO BP says rates not causing repayment problems yet

Poland's largest lender PKO BP does not expect problems with loan repayments at the current level of interest rates, its deputy head said on Thursday, but he added that there might be problems if rates go higher.

Deutsche Bank links Henkel supply chain financing to ESG ratings

Deutsche Bank said on Thursday it had linked its supply chain financing for Henkel to environmental, social and governance (ESG) ratings of the German consumer goods group's suppliers in the first move of this kind in Europe.

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BlackRock, JPMorgan, others tell Texas they don't boycott energy companies

BlackRock Inc , JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.

Outgoing Socgen CEO warm to internal successor, union says

The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea.

Is JPMorgan slipping? Analysts will be asking CEO Dimon at conference

Concerned that JPMorgan Chase & Co might be starting to lose its profit advantage over competitors, analysts and investors are lining up questions for long-time CEO Jamie Dimon and other executives appearing at the bank's first investor conference in two years on Monday.

Credit Suisse downgraded by Fitch, move follows S&P

Credit Suisse has received its second ratings downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses and scandals.

Generali beats profit forecast despite Russia impact

Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years.

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