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tariffs spark global concerns as economic impact looms for families
President Trump is set to announce a series of tariffs, dubbed "Liberation Day," aimed at reducing foreign imports and boosting American manufacturing. While he believes these measures will revitalize the U.S. economy, economists warn they could lead to higher consumer prices and sluggish growth, with potential retaliatory actions from other nations. Global leaders express concern that such tariffs could disrupt trade and harm job markets, emphasizing the risks of escalating trade tensions.
Deutsche Bank appoints Raja Akram as new CFO amid leadership changes
Deutsche Bank has appointed Raja Akram, currently deputy CEO at Morgan Stanley, as its new CFO, effective next year, succeeding James von Moltke. CEO Christian Sewing's term has been extended until April 2029, while chief legal officer Stefan Simon will depart in May.In other news, Alexis Kohler, a key adviser to President Macron, will join Société Générale as executive VP in June, overseeing investment banking teams amid the bank's turnaround strategy following recent scandals.
macron's chief of staff appointed executive vice president at societe generale
French banking giant Societe Generale has appointed Alexis Kohler, President Emmanuel Macron's chief of staff, as executive vice president, effective June 2025. Kohler, who has served in this role since 2017, will oversee M&A, Equity Capital Markets, and Acquisition Finance, while assisting CEO Slawomir Krupa with transformation initiatives. He will also join the bank's Executive Committee.
macron's chief of staff appointed executive vice president at societe generale
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped in 2019 due to lack of evidence.
macron's chief of staff appointed executive vice president at societe generale
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped in 2019 due to a lack of evidence.
macron's chief of staff appointed executive vice president at societe generale
Alexis Kohler, President Emmanuel Macron’s chief of staff since 2017, has been appointed as executive vice president of Societe Generale, effective June 2025. He will oversee M&A, Equity Capital Markets, and Acquisition Finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, an alumnus of the elite Ecole Nationale d’Administration, previously led Macron's office during his tenure as finance minister.
macron's chief of staff alexis kohler appointed executive vice president at societe generale
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed as executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped due to lack of evidence.
us tariffs on auto imports spark market concerns and geopolitical tensions
US equities fell as President Trump announced a 25% tariff on foreign-made vehicles and parts, effective April 3, raising supply chain concerns. The S&P 500 dropped 1.1%, while defensive sectors like consumer staples led a rotation. In Europe, the ECB's discussions on monetary policy and credit growth data are pivotal, as Norges Bank is expected to cut rates despite rising inflation. Geopolitical tensions persist with stalled ceasefire talks between Ukraine and Russia, as EU leaders convene to address security concerns.
former eu commissioner thierry breton seeks advisory role at bank of america
Thierry Breton, the former EU commissioner, resigned amid tensions with Ursula von der Leyen and sought clearance for a non-executive advisory role at Bank of America, promising to adhere to anti-lobbying rules during a two-year cooling-off period. The commission's ethics committee approved his role, emphasizing the importance of confidentiality from his previous position.
Wall Street banks shift focus to Paris amid changing financial landscape
Wall Street bankers are increasingly drawn to Paris, a shift catalyzed by Brexit and Emmanuel Macron's presidency. This transition has resulted in thousands of banking jobs moving from London to Paris, as financial institutions seek favorable tax conditions and navigate a changing global landscape. Vive la finance.
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