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JetBlue criticized for charging elderly couple ,200 for lie-flat seats that don’t recline on seven-hour flight

JetBlue criticized for charging elderly couple $5,200 for lie-flat seats that don’t recline on seven-hour flight

By Martha Williams for Dailymail.Com 13:28 16 March 2024, updated 13:43 16 March 2024 83-year-old couple paid $5,200 to travel comfortably across the country so they could relax in JetBlue’s ‘Mint Class’ The seats they paid for were supposed to recline all the way to a seven-foot-long bed, but they broke on both legs on …

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Is Credit Suisse a boost to UBS’s investment banking ambitions?

Is Credit Suisse a boost to UBS’s investment banking ambitions?

A year ago, the world of investment banking suffered its biggest shakeup since the financial crisis with the bailout acquisition of Credit Suisse by UBS. Twelve months on, the long-term impact of the deal is becoming a little clearer – but only a little. Big questions remain, especially for the combined investment banking business. One …

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The sale price of insurance-brokerage unit Truist is better than expected

The sale price of insurance-brokerage unit Truist is better than expected

The plan of Truist Financial Corp. to sell its remaining stake in Truist Insurance Holdings for $15.5 billion marks a better-than-expected price for the business, an analyst said Tuesday. Citigroup’s Keith Horowitz reiterated a buy rating on Truist and said that while the sale of Truist Insurance Holdings was not a surprise, he had expected …

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Barclays’ investment bank has been given another chance to prove its worth

Barclays’ investment bank has been given another chance to prove its worth

Barclays investment bank dodged a bullet – again. For years, many investors and analysts have kept the investment bank in their sights. They say this is a drag on the share price and should be reduced or even spun off to allow the group to focus on its more profitable retail operations. With the investment …

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Why Europe’s biggest investment banks are cutting costs a year behind their Wall Street rivals

Why Europe’s biggest investment banks are cutting costs a year behind their Wall Street rivals

Wall Street’s biggest banks cut 30,000 jobs last year, started by Goldman Sachs, which informed staff of plans to make the biggest cuts since the 2008 financial crisis shortly after Christmas in 2022. Goldman’s 3,200 job cuts were quickly followed by 3,500 at Morgan Stanley and then 5,000 at Citigroup. Bank of America has refrained …

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The chief executives of the City’s newest investment banks are promising growth after a £43m merger

The chief executives of the City’s newest investment banks are promising growth after a £43m merger

Cenkos and Finncap merged to create the UK’s newest investment bank, Cavendish, in September. Many in the market see it as yet another example of two struggling brokers coming together during one of the toughest times in the sector’s history. But less than four months after completing a tie-up that valued the investment bank at …

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Citi names are shaking up the investment bank’s senior ranks as the overhaul continues

Citi names are shaking up the investment bank’s senior ranks as the overhaul continues

Citigroup has named new leaders for its product and regional investment banking teams as the US bank reshuffles top deal makers to fit Chief Executive Jane Fraser’s new structure. The U.S. bank has reshuffled a number of top bankers, filling out a new regional structure introduced by Fraser in her September review of Citigroup’s business, …

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“I discovered very shady business practices”: I want to blow the whistle on my former employer, but I signed an NDA. Am I doomed?

At the time, I didn’t realize what I was signing, as these documents were buried among a bunch of other documents. I left the company because they lied to me about the bonuses and how the pay was structured and their code of ethics. Turns out I’m really good at working in this industry and …

“I discovered very shady business practices”: I want to blow the whistle on my former employer, but I signed an NDA. Am I doomed? Read More »