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Former Barclays CEO Jes Staley faces scrutiny for allegedly misleading the Financial Conduct Authority regarding his relationship with Jeffrey Epstein. The tribunal heard that Staley "rolled the dice" on the truth, with evidence suggesting a closer connection than he admitted. Staley's defense claims he was unaware of Epstein's misconduct, while the FCA argues he knowingly provided misleading information to protect his position.
Former Barclays CEO Jes Staley is facing scrutiny for allegedly misleading the Financial Conduct Authority regarding his relationship with Jeffrey Epstein. Staley, who was fined over £1.8 million and banned from senior financial roles, claimed he had no close ties with Epstein, despite evidence suggesting otherwise. The tribunal heard that Staley viewed Epstein as a mentor and continued communication with him even after his appointment at Barclays, raising questions about the integrity of his statements to regulators.
Antony Jenkins, the former Barclays chief, is considering selling his fintech company 10X, which he founded in 2016 after leaving Barclays. The firm, focused on banking-as-a-service technology, has attracted significant investment and aims for profitability by year-end, but declining tech valuations may impact its sale price.
UBS is facing pressure from Swiss regulators to increase capital reserves, prompting discussions about potentially relocating its headquarters. While the bank emphasizes its commitment to remaining in Switzerland, experts suggest that alternatives like Singapore are limited, and a move may not be financially viable for 10 to 15 years. The ongoing uncertainty is impacting UBS's share price, which has underperformed compared to its peers.
Goldman Sachs and Crédit Agricole have upgraded their forecasts for the Pound against the Dollar, citing a potential rally driven by USD weakness and improving UK growth. As the UK currency acts as a hedge against rising U.S. tariffs, it has recently recovered to 1.2905, exceeding some short-term targets. However, risks remain high as new tariffs could shift market dynamics, potentially benefiting the Dollar.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Jamie Dimon, CEO of JP Morgan, hints at retirement, raising questions about his successor amid a competitive landscape. Potential candidates include Daniel Pinto, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, and Mary Callahan Erdoes, each bringing unique strengths. The evolving cultural climate poses challenges, particularly for a female CEO, as the bank navigates its approach to diversity and inclusion.
LendInvest has secured a £250 million warehouse facility from Societe Generale, enhancing its institutional support and expanding its Buy-to-Let and specialist residential mortgage offerings. This partnership will facilitate the launch of a fully digital mortgage proposition, improving application processes through automation and digital underwriting. With a strong track record and backing from major global institutions, LendInvest aims to solidify its leadership in the UK alternative property finance market.
Super Micro Computer (SMCI) has seen a ~40% stock rally this year, making it the best performer in hardware stocks, despite a prior ~30% correction. Goldman Sachs analyst Michael Ng has downgraded the stock to 'Sell,' citing increased competition and margin pressures, while lowering the price target to $32 from $40. JP Morgan's Samit Chatterjee also noted potential margin moderation in FY26, which could limit EPS growth relative to revenue.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tribunal hears allegations of misleading regulator in staley epstein case
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18:08 02.04.2025
former barclays ceo misled regulator over relationship with jeffrey epstein
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14:49 02.04.2025
former barclays chief explores sale of fintech firm 10x
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investment banks raise pound dollar forecasts amid tariff concerns
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10:55 27.03.2025
former vp bank ceo joins wrise singapore as non-executive director
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08:26 26.03.2025
former vp bank ceo joins wrise singapore as non-executive director
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the race to succeed jamie dimon at jp morgan intensifies
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14:34 25.03.2025
LendInvest secures 250 million credit line from Societe Generale for growth
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09:08 25.03.2025
goldman sachs downgrades super micro computer amid rising competition and margin concerns
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12:37 24.03.2025
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