18 Burst results for "David Crowe"

"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

01:42 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Financial Times with me. Patrick Jenkins joining me in the studio today <hes> David Crowe Banking Editor Stephen Morris or European banking correspondent and Magor retail banking correspondent. We're joined on the line from New York. Walk by Laura. Newnan are U._S.. Banking editor and I'll guess this week is the chief executive of Atom Bank in the U._k.. Mark Mullen this week. We'll take take a look at Deutsche Bank as it struggles to implement its vast restructuring plan a catch up with the challenge of banking sector including that interview with Atom Bank look at Metrobank's new plans and finally Citigroup has it comes under pressure to restructure I though to Deutsche Bank and Stephen you've been monitoring the progress in various ways of the first few weeks of their restructuring plan a pretty dramatic plan which involves cutting eighteen thousand is and jobs and you broke story the other day that one of the teething problems has been that they forgot to shut off the systems or email access for people who've been fired had already tell us more well. That's right Deutsche Bank one of the big questions it faces over this huge restructuring is whether it can execute it. This is the fifth new strategy in in seven years so you can understand why certain observers like us or investors somewhat skeptical. I'm pretty early on they had a compliance blunder for dozens years. Many fifty people people important people traders who have been filed told they were going to be let go and sent home Deutsche Bank basically forgot to turn off the access to the bank systems and their emails emails which lead to potential breaches of client data potential collusion with former and current employees and generally wasn't a good look for the bank who C._O...

Deutsche Bank Atom Bank Stephen Morris editor Patrick Jenkins Mark Mullen Newnan David Crowe New York Citigroup Laura Magor chief executive Metrobank seven years
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

04:01 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Today is David Crowe our banking editor Barrosa joined down the line from from Moscow by Max Seddon and our guest. This week is her at Tarawa the head of consumer banking at Goldman Sachs this week. We'll take a look at our bs as it strives to find a new chief executive to replace Ross McEwan secondly look at Goldman allman sacks and it's consumer banking operations particularly Marcus and finally over to crane where Max Seddon has been looking at prevert bank the country's biggest bank and how it plays a big political role I though to Arby S and David you've just broken story banked the bank looking for a new chief executive in the form of Ian Stewart possibly a senior H._S._B._C. Executive who if he were indeed appointed would surprise many people because it's been a favourite the internal candidate for quite some many months Alison rose. What exactly is happening so we've known for some time now that Ross McEwen was going to leave the bank? We knew that in advance of him officially announcing so in April and in November Alison rose who runs the business banker R._B._S. was elevated to this new role which was defacto deputy chief executive and people thought that that was pretty much a done deal however the chairman how Davies is very keen to do a full and thorough search that includes both internal and external candidates. I'm one of the people in the frame is in Stewart. He Runs H._S._B._C.'s ring-fenced fenced U._k.. Bank which is factor standalone operation really it's based in Birmingham and has its own board and so on and he's actually very large bank by some measures as big as Lloyd's and so he is one of the names in the frame and you know sources his tell us the allison rose is still a very strong contender but it is interesting that all talking to other people yet because she had been seen for a long time as a shoo in candidate and she she does something wrong. I don't know she's done anything wrong. I don't think particularly although wanted the people we spoke to said that being the front runner for such a long time can sometimes be damaging because people don't want it to become seen as a complete or anything and so I suppose it was behold on the chairman to go out there and at least proved that he was doing a full search follow. It must be said that he's kept very tight. Leash on this search normally when there's a full and thorough external search going on there are several names that Lee Count in the process and this is the first external name that we've had. How will this go down? Own If indeed there is someone external a man like instant appointed over a woman in terms of the lead internal candidate how Wilson Howard's decision go down more broadly because there had been a lot of excitement had never about you know the first list of a major British bank being woman well. I think this is part of the reason everybody was so confident that this was in the bag for Alison rose because when obvious made that announcement elevating her in November there was a huge amount of excitement right and a lot of stuff written press saying that she was on a fast track to become the first female C._E._O.. Of A big British bank and so one imagined that the bar for any external kind of was a man was much higher however untold told that he's quite relaxed about this that he thinks the bank has already gone a significant step further than most of its competitors by appointing a female chief financial officer and things that really the bank needs to find the best person for the job regardless of gender. We'll probably find out in the coming weeks. I suspect we'll keep a close eye on that. Let's move onto our second story now. Goldman Sachs is the epitome of the Red Blooded Investment Bank but in recent the months and years it has branched out into consumer banking and I told recently to her at Tarawa who's the head of Goldman's consumer banking arm about how this new startup..

Goldman Sachs chief executive Alison rose Max Seddon Ian Stewart David Crowe Tarawa chairman Red Blooded Investment Bank Ross McEwen Goldman allman Lloyd chief financial officer deputy chief Ross McEwan Barrosa Moscow editor Birmingham Wilson Howard
Federal Grants Restricted To Fighting Opioids Miss The Mark, States Say

All Things Considered

03:43 min | 1 year ago

Federal Grants Restricted To Fighting Opioids Miss The Mark, States Say

"Opioids now kill more Americans than car accidents. But they're not the only drugs taking lives in two thousand seventeen and nearly a dozen states opioids were involved in fewer than half. Half of the total drug overdose deaths. And while there are federal grants to fight the opioid epidemic money to treat. Other drug addictions can be harder to come by carbon Heredia Rodriguez from Kaiser health news has written about this for NPR shots blog, welcome to the program. Thanks for having me now. You actually spoke to local officials in some of these states, what sort of drug problems. Do they see most often? Sure. So one official that I really got to talk in depth with his name is David Crowe. And he is from Crawford county, Pennsylvania, in this area is on the western side of the state, and it shares a border with Ohio, and both Pennsylvania and Ohio are one of the hotbeds of the opioid crisis in Pennsylvania alone over twenty five hundred people died from an opioid related overdose in two thousand seventeen and Crawford county sought sheriff death as well and David Crowe. He actually is director of an organization that received roughly three hundred twenty seven thousand dollars from two large federal grants targeted toward the opioid epidemic. But he says that he really doesn't need anymore opioid money. What he needs money to combat the rise in methamphetamine use there. And it sounds like he's not able to redirect that money. He is not that money is solely air. For efforts to combat the opioid epidemic. So what are the restrictions? The restrictions really are just that it needs to be related to helping people that are going through opioid use disorder. So a lot of people that abuse substances, usually abuse multiple substances. So it's pretty rare to find someone that just uses a specific drug like heroin. So what we're seeing now is that providers are seeing patients that, yes, they do have an opioid issue, but they may also have issues like a method diction that they aren't able to use these funds to treat them. What's the solution? What are you hearing? So in terms of a solution, I spoke to, to drug experts that had something to say about how this money is trucks shared, one of the experts that I spoke to is a former member of the president's commission on combating drug addiction and the opioid crisis. And she said that the nation is facing a true crisis, where people are literally dying in public places, and the federal government did do a good job and giving areas. Money to reverse the overdoses, and really stopped deaths. However, another expert that I spoke to said that the money should be better tailored to make investments in the mental health care system, because, obviously opioid use disorders just one of many addictions that people could face the backdrop to all of this are these lawsuits right over the opioid crisis. And that there are possible payouts to states from drugmakers that they've sued over the crisis. We've seen this in Oklahoma. What lessons can can we draw from your reporting about how that money should be spent so it's a bit difficult to compare the money that comes in from a settlement to the money that comes in from federal grant because the structure is that decide have these monies are spent are different, but that being said, one of the lessons that can't be learned from this reporting is that we really need to as a nation identify the problem that you want to target what this funding now that we're seeing some progress being made on reducing the number of opioid related overdose deaths. One of the experts that I spoke to said that. We as a nation really need to look forward and see how we can allocate resources to really target, the cause of why so many Americans struggling with addiction in the first place Carmen, Heredia Rodriguez reports for Kaiser health news. Thank you for speaking with us. Thank you so much for

David Crowe Drug Overdose Heredia Rodriguez Federal Government Crawford County Kaiser Health Pennsylvania Heroin Oklahoma Official NPR Methamphetamine President Trump Carmen Ohio Three Hundred Twenty Seven Tho
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

03:20 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Welcome to banking weekly from the financial times with me, Stephen Morris, the European banking. Correspondent joining me in the studio from around the world today. Olaf Stolberg are Frankfurt-based financial reporter, David Crowe, the FTC banking, editor who's currently on maneuvers in Asia. I'm Nick Magor are retail banking. Correspondent he was here in the studio with me this week, will be taking a look at the potential loss of deutchebanks investment banking, chief guy, cooed Goth Richie. Secondly, a drop off in performance at UBS, which is coincided with the loss of his high profile executive Andrea, or sell, and the collapse of UK peer to peer lender lending. First up an institution that's becoming a perennial feature on a weekly banking. Poke cost deutscher Olaf. Can you bring us up to date with what's going on behind the scenes at the German lender? Please guess. Hi, Stephen saw they had another turbulent week last week or AGM happening on Thursday and Christian saving announced another round of cuts in the investment banking unit. But didn't disclose any detail. And at the moment, they are basically behind the scenes trying to flesh out which area of they were count how many people have to go where many assets would be hived off. And this is all complicated by another kind of internal tussle between the c o Missa, serving and Goth Ritchie. The head of the competent investment Bank, who is resisting further cuts, and they at the moment really trying to iron out to how to solve this situation. Yeah. That's right. The two of us, we wrote about over. The weekend. Now, how is Mr. Ritchie viewed? I mean he does seem to get paid quite a lot for some rather tepid performance. Could you just explain to us what he earned last year which attracted the ire of some shareholders, yes comfort? She was the best page German torture Bank, executive awning a point six million in total. Which interestingly is almost as much at the anti comet Bank board, which is consist of seven people and Goth. Ritchie got fed payroll in late twenty seventeen he's getting two hundred fifty thousand euros a month, extra for overseeing as such called the Brexit transition process, which you might assume as the London-based, head of the investment thing would be your normal business anyway. But he's getting this function alone on top of his normal pay, but especially another fixed pay and interesting enough, if you look at the compensation report, he was not only the best paid executive, but also the worst performing executive at. Last year, only meeting eighty percent of his individual targets, which was reflected in his variable pay, but because of this high functioning alone, relatively high fixed pay. He's still ended up cashing in eight point six million and quite a few people at deutscher are concerned that this conflict between Christine saving and Catherine. She about the investment cuts my lead to the exit of Gosford, she that he might either be fired, or which is probably the more likely scenario might be forced to implement cuts which doesn't support, and then resigned his decision, he himself is denying this saying that he's totally committed to the job fully lined..

Goth Ritchie executive c o Missa Stephen Morris Nick Magor Olaf Stolberg Goth Richie UBS FTC David Crowe Asia Catherine reporter UK editor Christine saving Andrea
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

03:24 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"The shares are up slightly. Maybe paves the way for a brighter future. Yeah. I think that's probably right. I mean, the Bank has been pretty insistent that none of the breaches detailed by the agencies today occurred after twenty fourteen and you're right in that we have been expecting this for quite a long time. The Bank is hoping that this will finally draw a line under an investigation that's long been unto Patrese and really five years worth of investigations. So what I would say is that much will depend on the quality of the overhaul. That's happened in the interim and the Bank can only hope that this doesn't lead yet again to more breaches of its DP. We shall see. Thank you, Colin. Ellen. Finally, a look at the US regulatory scene, and particularly as it affects foreign banks in the US. There's been an interesting ninth month from the Fant we're joined now by Laura from New York to talk about this lower the feds proposing a suite of changes is this on balance more of deregulation story, our banks going to be happy with what's coming. It. Certainly a change in relation story. Whether it's deregulation are not very much depends on the banking questions over the large you after mastic banks. Yes, they're clearly getting some relief. Very what they're getting is. Instead of having to file these very lengthy and owners living wills cons every year. They'd have to follow the full of version only four years on the slimmed-down version that'd be two years. The living wills plans, basically meant to show how banks can be done safely, and they're very onerous for the Bank to produce anything. They US domestic we happy with us for the foreign bind situation is less. Clear so the smaller foreign buying saved play of lesson. Tilden fifty billion. It's they are getting some relief. They will have some relief around the stress tests, and they will have some relief in capital Clermont and similar to what was proposed for more domestic buyings back in October. That's good news. Probably the likes of Santander among the larger US banks people like Tobia, Barclays credit. So there's some debate as to whether yesterday's announcement is good news bodney. So there certainly some additional restrictions around the query is just taking people while to our cat, whether those are going to be significant or necessarily it's not a clear win for the foreign mines, especially for the largest farm bikes. So this latest effort easily some regulation comes just a couple of days before the top seven US Bank CEO's due to appear on the hill to talk about what they've done since the crisis. What do we expect to see from them talking about everything really from had the risk of 'too-big-to-fail has been reducing the? Crisis what divine Saddam for the economy since the crisis? Those probably be some grilling around the issue of CEO pays that say popular topic on the hill, and this is a fairly wide ranging thing. And you can have a lot of people asking questions, so it will probably fly often ten million different directions. When it's kind of a toss up as to where this is serious policy. Josh or whether it's basically going to be a lot of recriminations on grounding. So that will be on Wednesday. Well, that's it for this week. All this left me to do is to thank Carolina Stephen here in London. Also, David Crowe who was calling in and Laura from New York and say, thank you for listening..

US CEO Laura New York Patrese Josh Barclays Fant Colin Ellen Tilden David Crowe Clermont Saddam Santander Carolina Stephen London five years four years two years
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

02:03 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"We have David Crowe are banking editor and Laura Newnan are US banking. It's joining us from New York this week. We'll be taking a look at comets Bank. As UniCredit tries to spoil the Deutsche Bank party, also Standard Chartered pays a big fine in the US. And finally, look at USD regulation re-regulation how foreign banks I though to that comets banks story and David few days ago. We broke story about UniCredit waiting in the wings to try and bid for Germany's second-biggest listed Bank, even as talks are ongoing between comets and Deutsche Bank. Interesting cheeky from the Italians. Yes. We've known that the chief executive of unique credit pm. DA has been interested in Commerce Bank for some time. Indeed, he's made some over chores in two thousand seventeen where told and decided not to proceed then for two reasons first there was a lot of opposition among German politicians and second he had his hands full that unique credit which has been going through a pretty extensive restructuring. Now that's nearly finished. And Mr. Mista is betting that the donor Bank Commerce Bank merger negotiations could fall apart. And if they do comment Bank will then be in play. And so what once seemed unthinkable could be doable. And of course for UniCredit. They could spin this as some kind of alternative German banking champion couldn't they because they already have a big lender of their own in Germany HB, which they bought several years. Ago and combining that with comments could be an alternative champion. Yes. And I think they think this is one of the best arguments. The Deutsche Bank Commerce Bank deal is likely to result in tens of thousands of job losses..

Deutsche Bank Commerce Bank Deutsche Bank Bank Commerce Bank UniCredit comets Bank Commerce Bank David Crowe comment Bank Laura Newnan Germany New York US chief executive Mr. Mista editor Standard Chartered
"david crowe" Discussed on Blank Check with Griffin & David

Blank Check with Griffin & David

04:24 min | 1 year ago

"david crowe" Discussed on Blank Check with Griffin & David

"Yes comes came out the week before it makes us stope. Yeah. It's the future comes makes two hundred fifty million dollars in. I am legend. I am legend Will Smith omega, man. Yeah. I mean, I feel like you, and I share this opinion, which is like one. It's definitely has best performance. He is so incredibly good in that also one of those movies that is so frustratingly close to being a masterpiece. It's like either doesn't have a great ending sort of its problem. The monsters are really bad yet. They like that's one of those crazy movies. They I grew up in Greenwich Village, where they filmed all of that movie. My senior year of high school was every night. I would look out my window and walk. Right. And they like in the Washington like square fountain. They would have like clearly like movement actors dancers in white leotards and vampire makeup running screwing around, and I would just like literally like hands on you know, on my chin. Look at me like someday, I'm gonna be in the pictures. And then they thought that the vampires look so bad that they like at the last minute CGI all of them, and they look really bad and really rush. I can't imagine that the practical ones look worse, but the stuff that's good not movie. So fucking. And we'll Smith rules in that. Yeah. I am legend take I don't have to. I'm just agreeing. I I remember seeing it, and I remember when they were filming to Marin Ireland is a friend of mine. She's she's like bleeds from the is that the defense some point that vividly. Number three is a children's film that you like to talk about the first in a long running franchise that is not going away. And ironically, I have only seen two out of the four and this isn't one of them. No, this this fucking move chipmunks, which which makes an insane amount of money. Yes. Prize hit in two thousand seven tire like sort of economy of small country. The do you remember the tagline the first movie L? It's really specific you only wooded on this tagline right about now. Here comes trouble the original onto Toronto's fucking like sort of the funt of on Toronto the poster like they all had like bucket hats and Sunday up and they're like cool. Yeah. There was a poster that was Jason Lee just leaning into a white negative space voyage of you know, humanity and the three chipmunks are there. And the tagline was just here comes troubles this one. Here comes trouble, and they're all dressed in their sort of entourage, adjacent work wardrobes. One of them's got a bucket hat movie. I did not know that the film was being made. And I went to see a movie with my friends that some are. And we walked by that poster and stopped and stared at five minutes entourage, five minutes. We just looked at it. And what terms dribble think. Or doors? Yeah. He's little rice. He's a little one right Simon is e sure. Yeah. Phase. And I dunno. Dave Seville is Johnny drama. Sure. Ari? Who's Ari fuck in the first? Oh, no. It is David Crowe. Shifty agent. Right, right. Yeah. Those three films are all about David cross like hind get better those shipments and one of those things where he signed a three picture deal because he was like you're not gonna make a fucking. I wanna buy a weekend house in the to squeak, right? Just let me do the first movie and get out of it. And like by two in three would be doing the rounds. Promoting and being like, I hate these producers. I hate them on a personal level. I didn't want to be in this mood took over. Right. Right. Terrible. Franchise. The number of number five twenty tots number four. How do I it's a true story? The legendary director legendary screenwriter whose. Forget this movie. Wilson sore. Mike, Nick, Aaron Sorkin..

Simon Toronto Will Smith David Crowe Greenwich Village Ari Marin Ireland Dave Seville director Jason Lee Washington Aaron Sorkin Wilson Mike Johnny drama Nick five minutes two hundred fifty million doll
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

02:44 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Patrick Jenkins. Joining me in the studio today. David Crowe, banking, editor nNcholas Magor are retail banking. Correspondent Brooke masters are common editor at also Caroline Benham off actual regulation. Correspondent and Jane Croft look correspondent, Dan the line from Dublin we're joined by John Cronin. From good, buddy. Stockbrokers this week. We'll be looking at metro Bank the UK challenger Bank, which a massive fall in its share price last week. We'll get an update from Davos from David Crowe. And finally from Caroline a look at the Barclays trial as it moves into its second week. I though metro Bank. Now, this is a starter Bank founded seven or eight years ago by Vernon hill. A US businessmen who'd built up banks in the US, very successfully. And thought he would bring that model. The UK last week the banks of the near forty percent full in its share price will come to the details of that. And what the ramifications are. But I I thought it'd be interesting to talk to Brooke because you covered Vernon hill and the Bank that he built race successfully in the US Commerce Bank. What was this ten fifteen years ago? Fifteen I think Commerce Bank was founded in nineteen seventy three and hills built it into quite a big regional Bank with about four hundred branches by two thousand and seven however in two thousand seven he got himself into trouble because the banking regulators took a very dim view of a bunch of contracts where he was doing related party deals, particularly with inter art, which is a design firm run by his wife, which Commerce Bank was paying to design the branches and commerce has very dramatic red and blue design that actually looks virtually identical metro Bank. So they paid lots of money to Elma. They also had a deal with the golf course. That Vernon owned where they paid lots of money. You know, hundreds of thousands of dollars to bring people to entertain at the golf course. And there was some suggestion that he was buying real estate that they was then selling to the company for their Bank branches. The regulators basically said you gotta go and off he went into eight on then he popped up a year later in the UK doing a very similar type model as you say the look of metro Bank here which eventually authorized by regulators to start up is very similar and the business model. I guess is similar heave started with one branch as he did in the US with Commerce Bank and his building. Now, sixty six brunches. I think the last can't Nick what happened last week to disrupt the successful rollout this Bank. It was quite day for them to say the least four percent share price job was the worst one day job for.

US Commerce Bank metro Bank Vernon hill UK challenger Bank Bank David Crowe Caroline Benham US Brooke masters Patrick Jenkins UK Davos editor golf nNcholas Magor Barclays Jane Croft John Cronin Dublin
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

02:29 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"There's also been in recent months and probably going back beyond that a lot of speculation about how long Mr Monti's gonna stay in his job for the first several years of his tenure he delivered probably above. Expectations and UBS was the darling of European banking for a good while is this light to sav- results. Going to pile pressure on him either to move to come up with a you kind of strategic plan when he did talk about fuel-saving measures today, which seemed to be cost cutting related to hiring fewest off do they IT infrastructure projects. But it didn't seem like he was worried about the overall direction of his strategy with regards to whether he stays on a CEO is succession. He's restricted bizarre stain role for two or more years and dismissed a low the media reports we've been seeing about who's going to succeed him either internal candidates or external people just the former have Bank of America's best Christian Meisner. So it's a bit opaque. What's going on UBS at the moment? The shares without twenty nine percent last year the down another four point four percent today. So he's going to be feeling a little bit of the pressure from his investors. But there's no sense if they're going to have to go back to the drawing board on what they're trying to do overall. Which is of course, the. Deemphasize the investment Bank and make themselves into the world's largest wealth manager, predominantly focused on growth out in Asia. And of course, the sets the scene for pretty weak set of results from other big European banks. Not least this wis rivals Credit Suisse, but also Deutsche Barclays and so exactly Credit Suisse report until the fourteenth of February. So we've got a bit of space before we see those, but there's more turmoil going on over there. They start their restructuring shrinking their investment Bank, a lot later particular interest in the coming weeks was the Janu Barclays, which is of course, embroiled in a increasingly denser dispute with an activist investor over whether they should be sending bolt and sales and trading in the investment Bank Barclays results as pool as newbie as well today, then missed a Branson, the activist is going to have a little bit more active chew on. Absolutely. We'll we'll keep everyone posted on that. Thanks in the meantime for joining us. Well, next, let's go for a special preview of devils. This year getting underway on Tuesday, and some of the early sessions have been particularly interesting from a Bank perspective, a rush masugi. October finance editor has been talking to David Crowe banking editor at bat..

Mr Monti UBS Janu Barclays Bank Barclays Credit Suisse Bank of America Deutsche Barclays editor Branson CEO David Crowe Asia twenty nine percent four percent
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

02:18 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Times with me Patrick Jenkins. Joining me in the studio today are David Crowe, banking, editor and Stephen Morris. Our European banking. Correspondent joining STAN the line from New York. Rob Armstrong are US finance editor. And Laura Newnan are US banking episode this week, we'll be discussing the latest advances in US carts. Also, look at Barclays as its activist investor steps up his campaign and finally some predictions for twenty nineteen first from our guest rennet ghosts, who's the banks analysts city group and also from editors in London and New York, I though to that story about cards, and rob you Rover interesting piece in the last couple of days about how contactless cards are starting to take hold in the US. What's making the US finally catch up with Europe and the rest of the world on this. Well, it's interesting that such a large and. End wealthy market as the US should be so late to contact with cards, but it has to do with the very size and complexity of the market so with any payments solution. The trick is getting everybody to agree if a payments technology is not ubiquitous it's pretty useless and in a country with five thousand banks and zillion banking regulators and millions of merchants it was basically hard to coordinate everybody and settle on getting everybody onto the same. Chip system. That makes contact what's possible? But we've finally arrived and contactless should be coming at scale tonight'd states in two thousand nineteen a we're going to see the same advances that we've seen. I mean, the the real thing in London that made contactless broadly accepted by the population. Also, a big step was it's acceptance on the London underground we're gonna see the Neal metro as I think the New York metro. Is promising the roll out to begin this year, and that project seems to be on schedule, but it will start slowly at, you know, certain stations on the east side or on Staten Island. But the crucial thing here is as you say once consumers start using cards for small expenditures like the subway that's.

US New York Patrick Jenkins London editor Laura Newnan Rob Armstrong STAN Barclays David Crowe Stephen Morris Staten Island Europe Neal
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

04:50 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Studio today is David Crowe, our banking editor and down the line from Malaysia we have Stefania Palmer scientist Asia correspondent pulsa from New York. We have Laura Newnan US banking editor this week. We'll be discussing the latest ructions at Goldman Sachs as its Malaysian scandal. Deepens look at Standard Chartered as embarks on a buyback of shares. And finally an interview with Bob diamond, the former head of Barclays who is now investing on his own account through business. Atlas merchant capital, I o to Goldman Sachs and Stefania joins us from Columba. You Burke, a really interesting story on Tuesday morning that the premier-in-waiting and Ebrahim has gone pretty aggressively after Goldman in this long running saga about the one MD. And the agree just payments that were allegedly paid to Goldman Sachs for issuing them. Tell us what happened exactly essentially Anwar Ibrahim who should that been after current prime minister Monti Mohammed about a couple of years, essentially told me set Goldman should absolutely return significantly more than the six hundred million dollars at the Bank was paid for arranging three bone cells of for one MD the Malaysian state investment fund that is obviously now at the heart of one of the biggest financial scandals in history. And the main reasons thoughts on we're gave me or ops first of all the fees which to about ten to eleven percents. He found up to the exorbitant and indefensible, and then you also argued that this entire one of Dubya fear of which took Goldman is a part of is essentially a cost to the image of Malaysia. It's a cost to investments coming into the country, but also burden shouldered by the current government, which ousted not cheap Razaaq, the founder of one MD back in mate, we have to remember that the current coalition is also tackling quite an easy fiscal position. They've had to revise the twenty teen fiscal deficits from two point eight percent to three point seven percent in the latest budget, and they also face up to ten and a half billion dollars. In Dutch repayments actually linked to one MD. Where's this going from here? Do you think? I mean, clearly it's getting noisy all the time. Those various other actions, pending feels if on the ground in Malaysia younger is sent me mainting towards Goldman rather than dissipating the hope. Absolutely. I think they are hoping to target Goldman at the moment because it's obviously a case that is in full public view. It also comes on the back of the league est. Accusations coming from the department of Justice dots, essentially have said ops almost half of the six and a half billion dollars worth of one him to be the were arranged by Goldman where misappropriated the deal Jay has also accused two former bunkers of engaging in bribes toward Malaysian officials in order for the Bank to secure business from one to be. So there's definitely a sense here in Poland poor the top government officials are really just taking advantage into riding the wave of very strong momentum against Goldman, or at least putting very strong spotlight on how the Bank has been involved in all of this affair will. Let's get a perspective now from the other side of the world, Laura. You just heard from Stephania that. The Malaysian authorities are certainly ramping up pressure on Goldman is the same thing happening in New York as well. I think certainly the Bank is coming depression me, they continue to negotiate. With the deal Jay to see while sanctions of finding the firm Glenn to face as a result of this whole scandal. I think it seems reasonably likely will save these some sanctions a lot the control diesel internal work. They will probably look need some kind of a fine. The content of the fine is very much known of this have suggested that the financial penalty to go cooking basing that Goldman house to make up the entire of the to them or so that he's on a candidate for that with taking the one NTV raising mills paint this hundred million fees, which Scott that will get you to figure end she win to two point three billion of the very big number. That's Toby Specter's enough this point we don't know what kind of fine reconcilation the firm will face if any they made their goals other implications the firm, we don't we have a field with us. What we haven't said he's in the last few weeks ago voice has become under pressure..

Goldman Goldman Sachs Malaysia Stefania Palmer Laura Newnan New York Standard Chartered Anwar Ibrahim editor Jay Barclays David Crowe Toby Specter Bob diamond scientist Monti Mohammed Burke Ebrahim Razaaq
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

03:29 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Times with me Patrick Jenkins. Joining me in the studio today. David Crowe, our banking and Nichols Magor retail banking correspondent down the line from Oslo where joined by Richard mille. Ours can navien correspondent and also we'll be hearing today from Howard Wilkinson the format. Danske Bank employee who blew the whistle on the banks. Exploits in stone this week. We'll be discussing suck Jen as it gets fined one point three billion dollars. Secondly, look at TSB as the K Bank. Highs near chief executive and finally catch up with dense cake and the latest episode in eight saga of scandal. Let's go first though to that sock. Jen story and David UB taking look at this socio. General David has become the latest Bank to be stung by the US authorities with a big fine. What exactly has it done? Yep. Jan is the latest miscreant if you like so paid a one point three billion dollar settlement to settle claims that they execute billions of dollars in legal non-transparent transactions with all sorts of nefarious regimes including a Ron and Shuba. So this was a mix of money laundering and breaches of sanctions US. Sanctions, of course, cools to mind, doesn't it another big French Bank that was penalized several years ago? Now BMP I think paid probably the biggest fine ever for this kind of stuff. Eight point nine billion dollars from memory is something particular about French banks because I think this is the second biggest for this kind of is something particular about French banks being. Worse at this stuff or being penalized mo- harshly than others. Well, I think there are a few factors that play many of these regimes Cuba, Iran, Sudan that were involved in the Ariba and sauk gen case are not as in the wilderness in FRANZ as they are in the US, and there's less of squeamishness about doing business with them. Certainly in the case of BNP was a perception that they didn't play ball with the regulators their doctor very aggressive posture, and they ended up getting punished for that. And then also policy do the sort of preeminence of the dollar as a currency all of these transactions that are played here were dollars and had the euro been more dominant currency than perhaps this wouldn't have happened. Yep. -solutely gave the US authorities licensed to go after these players put this briefly in context for us because of one point three billion dollar signs a pretty hefty penalty. But I think I'm writing saying it was largely. Paid for intelligence balance sheet and more broadly. It's doing okay in operational terms. I think this provision for about one point six billion dollars. I think in provisions so that's covered by this. And I think it was expected, and it comes just ofter strongest Q three results of sock. Jen that had quite well in that critise trading in the US perhaps ironically, and they also had a big beat driven by this capital gain on their stake in Euroclear, but a quarter doesn't make turn around. And there's still a long way to go and some questions among some of the analysts over the quality of that beat in the third quarter. When I guess at least one of the things have been hanging over them the knowledge in the market that this issue around. Sanctions breaches was still unsettled as being cleared of the table..

US Jen Patrick Jenkins Danske Bank Howard Wilkinson French Bank David Crowe General David Nichols Magor Richard mille chief executive Oslo TSB David UB K Bank Euroclear Ron Shuba
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

04:07 min | 1 year ago

"david crowe" Discussed on FT Banking Weekly

"Joining me in the studio today is David Crowe our banking editor from Milan, we'll joined by Rachel Sanderson Italian Cooper correspondent and from the US we're joined by your spanking editor lure Newnan this week. We'll be taking a look at another busy week full. Goldman Sachs also Dominy must return hubs chief executive talks to us about getting more women into finance and finally look at carry J, the failing Italian Bank and have the system has bailed at first though to Goldman Sachs and being a busy week for Goldman. We're joined on the line by Laura Newnan, US banking editor took us through the highlights of this past week, Laura. So there is TV story last week the first was continuing foolish from the Malaysian one MTV's scandal, which really goes hasn't been able to shake, and it looks at that's going to continue to haunt the buying over the coming months. The other. The walls of the new partner class every two years. Goma's accidents is a new partner glass, that's the highest level in the firm. It's very powerful Petillo saying that day, they had a pretty good story to tell. So it was all about diversity. This was the highest number of women ever the highest number of blacks ever on one of the highest years for Asian. So they were afraid of that role surprised of the millennia representation. So in total the new class was sixty nine people millennials made up twenty nine percent. Now, if we think about the women in particular, so they're very excited about female highs ever planted, whoever resulted, can you may even with this big number on women. Twenty six percent of the total partner group are female. So it's progress, but let's not get too car. But nonetheless, Bank was pretty upbeat when they were talking with us. Well, they could certainly use a good news story like that. But what's been happening on the one MD be front just to cut depending on hasn't been following this story when I'm debating dangle Malaysia where Goldman Sachs helped the Malaysian stage investment fund will MTV to. To raise win five billion dollars in bonds. If years back on gunman charged the fund six hundred million dollars for this transaction, which is a pretty high level, by anybody standards. A lot of the money. Ultimately went missing around two point seven billion office. And there's been variously actions ran out, including two former Goldman Sachs managing directors who've been charged for bribery and money laundering. So there's a nod of pressure on Gaumont. Explain exactly what it's real Watson. This how the money could have been raised through them with FM having oversight of where it ended up on whether to move their senior executives were involved in. What was the Fernie elaborate take by embroidery skiing, which was allegedly per project by in Malaysia national who had links to the firms. That's the backdrop to it this week. It turned is that one of the things in the DOJ's charges against one of the gentlemen, who has been charged with a crime was that there were other. Goldman Sachs people. Who were involved in this? Besides just the two people who've been charged and one of the claims wasn't. There was a very senior executive who was at one point in a room with the monarch central a Malaysian Markle Jolo transport last week that the very senior executive was in fact, former goi- Axial, Lloyd, blankfein not certain yesterday things well off the chain. So we understand that while missed ranked wine was in the room. People say that it was a meeting hosted by the Malaysian Prime Minister grind line. Didn't know that this other guy Joe will be attending. And that they didn't have a meeting say there was just at the same meeting. Now, you can get for an heavily into the nuances, Sarah. But at the end of the day, the C you of the Bank was in the room with this guy. He is now at the center of a fairly big probe on it does make things uncomfortable for women, certainly perception wise, it isn't good. Then it also merged later in the week Tim life nerve, he's one of the former Goldman Sachs mind director is being charged and was actually pleaded guilty to. To a number of charges in relation to all this. We got details of one of his transcripts, and he basically is arguing that the behavior. He engaged in wall. Something endemic were in the Bank..

Goldman Sachs partner senior executive Goldman Bank MTV Laura Newnan Malaysia editor US Newnan Rachel Sanderson Italian Bank Malaysian Markle Jolo chief executive Milan David Crowe Goma Petillo
"david crowe" Discussed on FT Banking Weekly

FT Banking Weekly

01:46 min | 2 years ago

"david crowe" Discussed on FT Banking Weekly

"What's the reaction be like other buying are doing this to the same degree city is doing per people in the markets business for a group of them in the case of city that as a narrow range of people and there's more direct, pick ability of coding markets on there is for invested banking, JP Morgan are also looking at potentially brunch to even wider cohort. So I think there are some people within the firm who would like everyone to have done at least coding. No one that might meet some resistance amongst the higher ups. But I think among the juniors is actually of enthusiasm for this. They see that actually coding and these kind of feels are going to be crucial for the future other when I was asking them about it last week, they were saying on officially that this thing that made a lot of sense in that maybe they might never doing it in the future. So I think we probably are going to see more buying follow on this loss. Probably see more people going into biking who will take it upon themselves to learn some version of coding or some version of programming going forward before they actually approached the Bank of the his Elsie these scales, which are really in demand by the banks. Well, that's it for this week. All the stuff for me to do is to thank Multan here in the studio, Laura in New York, and our guest professor Doug diamond of the Chicago graduate school of business. Also, thank you for listening. If you're not a subscriber to the t- to take a look at all later subscription offer at Combe slash offer. Remember you can keep up to date. He'll delay. Banking stories at dot com slash banking. That was the last appearance as banking at us of Malton Arnold. He is moving onto a different row. We will have a new banking editor, David Crowe in place in coming weeks, a low. I do hope. We will welcome him back as a guest in future banking. Weekly was produced by Fiona, simul until next week. Goodbye.

David Crowe Combe slash JP Morgan Malton Arnold Multan Chicago graduate school of bus Fiona Doug diamond New York editor Laura professor
"david crowe" Discussed on FT Big Read

FT Big Read

02:50 min | 2 years ago

"david crowe" Discussed on FT Big Read

"I'm on a data from the opinion and analysis desk. Podium pharma face, it's more than a thousand lawsuits claiming it ignited and fueled the US opioid crisis. Since David Crowe prosecutors, say the company exaggerated the benefits of painkiller Oxycontin and his marketing practices sharply criticized. But it has also emerged that through that ownership at the generic opioid, make roads, former podiums owners, the Sackler family have a big market shed than me lightest since David. Like many sows people walking in the US pharmacies who's industry cow Panera had often heard about the legendary bonuses on offered Pudu pharma, the make of the now infamous agreed painkiller, Oxycontin, she recalls. I remember one of the reps telling me you could make forty thousand or fifty thousand dollars a quarter in bonuses. I thought, wow, Dr actually company's paying that kind of money. Why can't I find something like that? I had two kids were getting ready to go to college. It sounded as if it was too good to be true. In two thousand eight miss Pinera decided to quit her job at Novartis the Swiss drugmaker and join Purdue a career move that has since become the source of bitter regret. I belong to the diner in Medford New Jersey. She recounts how she became concerned about the tactics Purdue used to increase sales of Oxycontin drug that has been blamed for sparking the US opioid crisis, MS Pinella claims. She and her colleagues were instructed to boost sales of Oxycontin a potent and addictive painkiller by Gresley taunting, inexperienced doctors while underplaying risks bee's this Panera who left in twenty thirteen and who's lost? Yes. Subpoenaed by the state attorney general in New Jersey says, I feel bad that the company was so blase so negligent about taking responsibility. I feel in this led the public and misled the doctors, and they misled the salespeople. The actions of miss Panera and her colleagues at Purdue have become central to the legal case that prosecutors are now building against the company. There are mold in one thousand lawsuits for by states and local governments in the US alleging drugmakers marketing practices ignited and then fueled the accurate crisis which claimed more than forty two thousand lives and twenty sixteen. Litigation, which is expected to reach court. Early next year is designed to extract hundreds of millions of dollars from the company and its owners. The billionaires sacra family public officials, say they need the cash to help offset.

US Panera Purdue Medford New Jersey David Crowe Pinera Pudu pharma MS Pinella Novartis Gresley attorney fifty thousand dollars
"david crowe" Discussed on The Church of What's Happening Now

The Church of What's Happening Now

03:40 min | 2 years ago

"david crowe" Discussed on The Church of What's Happening Now

"I'll never forget going there with the highest expectations and get let up. I just can't let I saw comics that were fucking amazing. I thought I would at least take the top three. I think I came in thirteenth at night opening night. I have no reason why you people. I came in thirteenth out of sixteenth. I went home. You have no idea what dodger going through my head that night. I was baseline jumping off the building because I had stopped being a father. I left my beautiful apartment in bold my fucking job. I left everything for this dream as a comic and I'm a fucking failure. I'll even make it to the top fucking five of this contest. Let me tell you something. I got home that night. I didn't do coke. I didn't do none. I drank soda and I wrote that fucking sent over and over and over and I fucking cut the fat off. And I did this and I did that. And guess what Tuesday came in. I came in fucking it and now is in the fucking game. 'cause you had to place three out of the four, nine or something like that. So the rest of the week I kept fucking place and guess what? Motherfuckers I advanced to the foul week, but now you got a week off. So the first week is fifteen comics, seven shows one night show and they determined from that. They take five. Jeez. So from coming in number thirteen on Monday, I dunno what Tuesday was I remember Thursday night was like an army base and I fucked leveled the room. Same materials, switch it up. That's when I learned about switching up that week on the spot like right then. And now like I can't do this material. So now when I got the bigger rooms, I learned how to measure audiences. When I was in bars, they like a little dirtier. And when on bigger rooms and a county rooms that are really legit, Connie rooms, they like a little smarter. So I said, a little smarter material I thought was we'll smarter and got me through the week. So I made it to the top five of week number one. That's not fucking bad. Then there was another week and I went to watch that week and boy, the ship my pants. If the comedians I went up against that week, we're good. You should have seen what came in the second week. It was tortured jacket was Asian Taylor Taillin, David Crowe, and all these mother fuckers that would just bug route. But the guy that stuck out the most was a black kid from Portland, Oregon. He stuck out like a soft rock and dump. He was funny. He died. He lived in Michigan and he died about six months ago and his name slipped my mind. Floyd, Jay Phillips got arrested. So he was a fucking great human being that guy. Listen, when somebody beats you up that bad, you come in thirteen. You really don't wanna talk that. I let all that should aside. I made him my best friend. I wanted to know what he was doing. We became best friends that we, we all out that week. And then the second week that week we learned sleep at our house so we could go out together every night and watch the other contests. He lived in poor so he would drive back and forth some nights. So may Floyd Jay Phillips out, try Farris, Josh Wolff..

Floyd Jay Phillips Jay Phillips Portland Josh Wolff Oregon Taylor Taillin Michigan David Crowe Farris six months
"david crowe" Discussed on Back To Back

Back To Back

02:06 min | 2 years ago

"david crowe" Discussed on Back To Back

"So his Williams, David Crowe. And back in the day, me and Daniels favorite metal band was the Irish front lead singer, David, there you go. And so we learned like a bunch of their shit and would cover it. And then I eighty see years ago I ran into ghastly and I was like, dude, are you David from the Irish front? And he's like, are you get her? How do you know my fucking banned me and him like? Sure, that's great because that wasn't even like a huge ban. Oh, there was so small. But like if anybody's listening who folks with gasoline, look up the Irish front, either the Irish French, Chicago typewriter, or the Irish front, the fish or the Irish front fire. The songs are fucking insane. Okay. Yeah. If any of that's on spot. We'll put that we do a little playlist like shit. We mentioned now playing Irish front fire. That's wild man. I love those stories about people's past projects. Never really took off. Yeah, it was like me and Daniel just had a bunch of we call them bands, but we never had a show. It was just kind of like fucking around, but it felt good, say go to school and be like, yeah, we've been practice right where you do kind of to not to be cool, but like did you get a sense of like status from that? You know, it was just like we were like, nowadays, people worship all these new rappers, which is the same thing we were doing, but we worship these fucking sick as metal artists. I feel like death metal, technical death. Metal is the craziest like if you can successfully play through song with your bandmates you are a fucking psychopath because it's the craziest shit. The drummer has to be the best guitars have to be the best and the singers have to ruin their fucking vote. So hard to do. We were just so obsessed with the technical. Shit, and even now still Daniel just like shreds when I mean that makes sense because some of that applies to production to, oh, yeah, you know, it's like I think about like drum and bass guys, who are it's the same thing. It's so technical, it's so hard to did if you can make, like if you can do with zombie does or you can do what. Who's that one like Germany? Yeah, yeah, nausea. But like there's this one. I forgot his fucking name. It's gonna come to me way later..

David Crowe Daniel Chicago Germany
"david crowe" Discussed on FT Big Read

FT Big Read

01:45 min | 3 years ago

"david crowe" Discussed on FT Big Read

"Welcome to the financial times big read a week he podcast featuring the best volumme form reporting from around the world i'm on a data from the comment an analysis desk cotti is a therapy that engineers patient cells to identify an attack blood cancer and it could soon be grown to regulate trip rueful in the us says david crowe such tailormade treatment give hope to people who've run out of other options but kennedy manufactured on scale to make the massmarket products at a manageable costs the huge tumor protruding from jamie cummins pelvis was shrinking before our eyes having button lymphomas 1994 she thought she had run out of options the fiftythreeyearold had tried numerous rounds of chemotherapy and even a stem cell transplant that was until last year when she found a place in a typical trial of an experimental therapy the treatment none is kind merrick antigen receptor cell therapy or call t involves extracting a person's white blood cells an engineering the manila bar tree of a several weeks so they can identify and attack cancer after a sixweek wait ms cummins reconfigured cells were returned to the hospital and infused back into her body within three days the tumor was no longer visible eventually should achieve a complete remission i knew it was walking she says it was amazing ms communist one of hundreds of blood cancer victims alive today because of kulti which has produced remarkable results and even the most stubborn cases.

us david crowe kennedy jamie cummins pelvis stem cell manila three days sixweek