Ryanair boss Michael O’Leary said Britain’s Civil Aviation Authority was partly to blame for the chaos surrounding Thomas Cook’s bankruptcy and should make tougher licensing demands to prevent airline collapses stranding passengers.
October 1, 2019adminComments Off on As Draghi leaves ECB, his opponents get chance to turn the tables
Mario Draghi leaves the European Central Bank at the end of the month, and that may give opponents of his ultra-easy monetary policy a chance to shift the tone of the debate at the top of the institution.
Adria Airways is the latest in a string of airlines to have folded in the past few years, leaving thousands of passengers stranded in airports, with a knock-on effect on related industries such as hospitality.
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned to take responsibility.
Danske Bank said its Estonian business had entered into liquidation on Tuesday after the country’s financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.
Credit Suisse Chairman Urs Rohner apologized to the bank’s former wealth management head Iqbal Khan for an “inappropriate surveillance operation” ordered by the bank’s chief operating officer, who had to step down.
WPP , the world’s biggest advertising company, has poached John Rogers, the boss of retailer Sainsbury’s Argos business, to be its new finance director, taking over from the outgoing Paul Richardson in early 2020.
October 1, 2019adminComments Off on Credit Suisse clears CEO of ordering surveillance of star banker, COO to depart
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of the botched surveillance of the bank’s former wealth management head Iqbal Khan in an internal investigation that cost Thiam’s right-hand man his job.
Britain’s Financial Reporting Council has started an investigation into accountant EY’s audit of Thomas Cook, the travel company that collapsed last month leaving tens of thousands of holiday-makers stranded abroad.
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank’s former wealth management head Iqbal Khan in a probe that cost Thiam’s right-hand man his job.
Major U.S. fund managers have tens of billion of dollars at stake in some of the most popular Chinese stocks on Wall Street, exposing them to potential losses should the White House move to delist Chinese firms from U.S. exchanges.
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.