Exclusive: Headhunter contacts Morgan Stanley’s Fleming about CEO job at BNY Mellon
(Story corrects Cavanagh’s title in fifth paragraph to co-chief operating officer from chief operating officer)
Goldman climbs to top commodity bank ranking over JP Morgan
LONDON (Reuters) – Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.
Central banks call for lower capital requirements on top-quality pooled debt
LONDON (Reuters) – Bonds based on high-quality loans should benefit from lower capital requirements to kick-start the market in Europe, the Bank of England and European Central Bank (ECB) said on Friday.
In among the robots, veteran Toyota staffer says manual labor is key to success
TOYOTA CITY, Japan (Reuters) – In a corner of Toyota’s oldest factory, the Japanese carmaker’s longest-serving employee preaches the benefits of craftsmanship, saying manual labor is the key to success in a highly automated automotive industry.
Marks & Spencer expected to show improving trend for non-food sales
LONDON (Reuters) – British retailer Marks & Spencer is expected to report an improving trend for its non-food business as it starts to put its online distribution problems behind it, despite a drop in sales for the 15th quarter in a row.
Mercedes to launch a pickup truck outside the United States
FRANKFURT (Reuters) – German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW .
China to let mutual funds buy Hong Kong shares via ‘connector’: regulator
BEIJING (Reuters) – China’s securities regulator said on Friday it would let mainland mutual funds invest in Hong Kong shares via the Shanghai-Hong Kong Stock Connect.
Fed’s Fischer: Nonbank financial sector less vulnerable than before crisis
(Reuters) – U.S. Federal Reserve Vice Chair Stanley Fischer said on Friday that the nonbank financial sector today is less vulnerable to the type of shocks that played a key role in spreading the U.S. financial crisis.
Chasing Chinese tourists, Samsonite launches multi-brand airport shops
HONG KONG,(Reuters) – Samsonite International , the world’s biggest luggage maker, attributed its record China sales last year to the company’s wide range of brands aimed at travelers with varying budgets and tastes. Its next target: tourists at airpor…
Andorra to create ‘bad bank’ to group BPA toxic assets
MADRID (Reuters) – Andorra will create a ‘bad bank’ to group the assets of Banca Privada d’Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.
