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☆ Sexism, Cheating, and Nightclubs: Inside the Dark Heart of Chess
▼ + stars: | 2024-05-09 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.

Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, —, Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian

☆ People online took less than 24 hours to find a man accused of ghosting his pregnant wife. The law seems to be on their side.
▼ + stars: | 2024-04-10 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Read previewIt's been a big week for internet sleuths, who took less than 24 hours to find a man who apparently ghosted his family. On April 7, an X post went viral, containing screenshots of a Facebook post by a woman named Ashley McGuire. McGuire determined that Withers was "unreachable," but it took less than a day for the internet to uncover where he had been. AdvertisementIn a follow-up post, McGuire said she wished Withers no "ill will." Andrew Zashin, a professor of law at Case Western Reserve University and co-managing partner of Zashin Law, where he practices family law, told BI there are distinctions between the stories of Murrey and Withers.

Persons: —, Ashley McGuire, McGuire, Charles Withers, Withers, I'm, TMZ Withers, Caleb, Katya Varbanova, Varbanova, Stewart Lucas Murrey, Gregory Keosian, Vanessa Valdez, Andrew Zashin, Murrey, Zashin, That's Organizations: Service, Business, Facebook, Los Angeles Superior, Case Western Reserve University, Zashin Locations: Dallas , Texas, New York City, Illinois, Chicago

Doug McDermott was once traded by Indiana to San Antonio, and now, the Spurs have traded him back to the Pacers. Trade deadline day in the NBA gave them and plenty of other players an entirely new outlook, plus may have even reshaped the start of the playoff push as well. He and Alec Burks are headed to the Knicks, a team that entered Thursday a game out of the No. Defending NBA champion Denver didn't make a move on deadline day, nor did reigning East champion Miami, though the Heat did their trade-season work a couple weeks ago by bringing in Terry Rozier from Charlotte for Kyle Lowry. Adding to the challenge of deadline day is this: Only five teams entered Thursday more than four games out of the final play-in tournament spots in the East and West.

Persons: Bojan Bogdanovic, Gordon Hayward, Doug McDermott, Buddy Hield, Joel Embiid, Royce O'Neale, Embiid, Alec Burks, Quentin Grimes, Evan Fournier, Ryan Arcidiacono, Grimes, Fournier, Arcidiacono, Hayward, Hield, McDermott, Antonio, Kelly Olynyk, Patrick Beverley, Damian Lillard, Robin Lopez, Lopez, “, ” Lopez, Dejounte Murray —, —, Denver didn't, Terry Rozier, Kyle Lowry, LeBron James, Koby Altman, ” Altman, Lowry, Spencer Dinwiddie, Dennis Schröder, Thaddeus Young, Dan Gelston, Tom Withers, ___ Organizations: Spurs, Pacers, NBA, Knicks, Eastern Conference, Suns, Mavericks, Pistons, Thunder, Western Conference, Minnesota, Denver —, Los Angeles Clippers, 76ers, Toronto, Bucks, Kings, Denver, East, Miami, Los Angeles Lakers, Golden State, Lakers, Warriors, Raptors, AP Sports Locations: Detroit, New York, Charlotte, Oklahoma City, Indiana, San Antonio, Philadelphia, Phoenix, Dallas, Brooklyn, P.J . Washington, Canada, Utah, Milwaukee, Sacramento, Atlanta, Cleveland, East, Toronto

NEW YORK (AP) — N. Scott Momaday, a Pulitzer Prize-winning storyteller, poet, educator and folklorist whose debut novel "House Made of Dawn" is widely credited as the starting point for contemporary Native American literature, has died. “His Kiowa heritage was deeply meaningful to him and he devoted much of his life to celebrating and preserving Native American culture, especially the oral tradition." Like Joseph Heller’s “Catch-22,” Momaday’s novel was a World War II story that resonated with a generation protesting the Vietnam War. Addressing a gathering of American Indian scholars in 1970, Momaday said, “Our very existence consists in our imagination of ourselves.” He championed Natives' reverence for nature, writing that "the American Indian has a unique investment in the American landscape." Audio guides to tours of the Smithsonian Institution's Museum of the American Indian featured Momaday's avuncular baritone.

Persons: Scott Momaday, Momaday, “ Scott, ”, Jennifer Civiletto, “, Kiowa, John Joseph Mathews, Marshall Sprague, Scott Momaday's, Joseph Heller’s “, Leslie Marmon Silko, James Welch, Louise Erdrich, Joy Harjo, Robert Redford, Jeff Bridges, George W, Bush, Regina Heitzer, Cael, Navarre Scott Mammedaty, Momaday's, Fran McCullough, Billy the Kid, ” Redford, Scott, “ I’m, ” Momaday, Russell Contreras Organizations: HarperCollins, PBS, American Indians, New York Times, Stanford, Princeton, NPR, of, Academy of American Poets, Kiowa Nation, Smithsonian Institution's Museum, Indian, University of Mexico, Associated Press Locations: Santa Fe , New Mexico, New Mexico, Jemez Pueblo, Vietnam, American, Columbia, Dayton, Lawton , Oklahoma, Arizona , New Mexico, North Dakota, Wyoming

MADISON, Wis. (AP) — Five of the six major conferences have a leader or co-leader that failed to make the NCAA Tournament last season. Four of the major-conference leaders that got left out of March Madness last season have reached a Final Four within the last decade. 4 North Carolina, which went 20-13 and turned down an NIT bid last season, is unbeaten in Atlantic Coast Conference competition. “No matter what we’re going through — ups and downs — we’re just connected.”Oregon also added a few transfers during the offseason. But for now, it also could assure that the Badgers don't get let out of the field for a second straight season.

Persons: ”, John's, AJ Storr, Grant McCasland, Warren Washington, Devan Cambridge, Chance McMillian, Joe Toussaint, Darrion Williams, Pop Isaacs, ” McCasland, “, Caleb Love, Cormac Ryan, Notre, Harrison Ingram, Jae'Lyn Withers, Paxson Wojcik, RJ Davis, Armando Bacot, “ We’ve, ” Bacot, It’s, ” Seton Hall’s, Dylan Addae, Jaden Bediako, Seton, Kadary Richmond, Amir Dawes, Dre Davis, hasn't, ” Dawes, Kario Oquendo, Mahamadou Diawara, Stetson, Jesse Zarzuela, Jackson Shelstad, N’Faly Dante, Nate Bittle, you’re, Dana Altman, that’s, Storr, Greg Gard, they'll, they're, Gard, Aaron Beard, ___ Organizations: Big, NIT, Atlantic Coast Conference, Texas Tech, Seton Hall, UConn, Arizona State, Notre Dame, Stanford, North, Seton Hall’s, Syracuse, Clemson, Pirates, Seton Hall's, Ducks, Badgers, NBA, NCAA, AP Locations: MADISON, Wis, Wisconsin, Oregon, Carolina, Arizona, West Virginia, Nevada, Cambridge, Louisville, Santa Clara, ” Oregon, Georgia, Central Michigan

☆ Barclays shares slip after major backer Qatar cuts stake
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Qatar Investment Authority, the state sovereign wealth fund which owns Qatar Holding, did not respond to a request for comment. The share sale comes as Barclays embarks on a shake-up to cut costs and revive its share price, which has halved since Qatar first invested in 2008. Barclays' stock fell as much as 4.5% in early trading and was last down 2.5% at 1007 GMT. Qatar became Barclays' largest shareholder during the 2008 financial crisis when it injected 4 billion pounds into the UK bank in a deal that helped avert a taxpayer bailout. Britain's financial watchdog later fined Barclays $55 million for fees paid to Qatari entities in the 2008 fundraising, which Barclays said it would appeal.

Persons: Venkatakrishnan, Vekatakrishnan, Iain Withers, Sinead Cruise, Pablo Mayo Cerqueiro, Lawrence White, Danilo Masoni, Andrew Mills, Kirsten Donovan, Emelia Organizations: Barclays, Qatar, Reuters, Qatar Investment Authority, Qatar Holding, Thomson Locations: Qatar, Germany, London, Milan, Doha

☆ Global banks face negative outlook, property stress in 2024 - Moody's
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Dec 4 (Reuters) - Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Moody's said on Monday. Pockets of stress in property markets in the Asia-Pacific region were also likely to continue, the report said. Moody's said in its report that it expected money to remain tight next year, lowering economic growth even as central banks are expected to start cutting rates. China's growth is also set to slow amid muted spending by consumers and businesses, weak exports and an ongoing property crunch, the report said. However, capital levels - which underpin the financial soundness of banks - are expected to broadly hold up, the report said.

Persons: Toby Melville, Moody's, Felipe Carvallo, Iain Withers, Chizu Organizations: Bank of, REUTERS, Moody's Investors Services, Bank, Moody's Investors Service, Thomson Locations: Canary, Bank of England, London, Britain, United States, Europe, Asia, Pacific

The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin’s, Henry Kissinger, Rosalynn Carter, Jimmy Carter, Silvio Berlusconi, Dianne Feinstein, James Buckley, James Abourezk, Nigel Lawson, Pervez Musharraf, Sandra Day O’Connor, Li Keqiang, Martti Ahtisaari, United Nations Bill Richardson, Gov, Sheila Oliver, Theodoros Pangalos, Tina Turner, Ike Turner, Suzanne Somers, Matthew Perry, Raquel Welch, Richard Belzer, Chaim Topol, Jacklyn Zeman, Lance Reddick, Alan Arkin, Paul Reubens, David McCallum, Richard Roundtree, Tom Sizemore, Jimmy Buffett, Sinéad O’Connor, Rita Lee Jones, Burt Bacharach, David Crosby, Fito Olivares, Ryuichi Sakamoto, Astrud Gilberto, Coco Lee, Tony Bennett, Harry Belafonte, Cormac McCarthy, William Friedkin, Bob Barker, Jerry Springer, Louise Glück, Jeff Beck, Mary Quant, Kaija Saariaho, Lloyd Morrisett, Fred White, Maurice, Verdine White, Ken Block, Walter Cunningham, Fay Weldon, ” Jan, Russell Pearce, Charles Simic, Lynette “ Diamond ” Hardaway, Donald Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, ”, San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, “, Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, Jacqueline Gold, Britain’s Ann Summers, John Wick ”, John Jenrette, Juana La, Willis Reed, Darcelle, Paul O’Grady, Lily Savage, Emperor ”, Hedda Kleinfeld Schachter, Margaret Thatcher, Ben Ferencz, Nuremberg, Elisabeth Kopp, Michael Lerner, Jack Lipnick, “ Barton Fink, Bugsy Calhoun, Anne Perry, Thomas Pitt, William Monk, Al Jaffee, magazine’s, Charles Stanley, Richard Riordan, Todd Haimes, Tony Awards, Barry Humphries, Tony, Dame Edna Everage, Len Goodman, Carolyn Bryant Donham, Emmett Till, LeRoy “ Lee ” Carhart, Larry “, ___ Gordon Lightfoot, Tori Bowie, Vida, Grace Bumbry, Rock ”, Ovelha, Denny Crum, Heather Armstrong, Bobbie Spencer, Rolf Harris, Kenneth Anger, Doyle Brunson, Jim Brown, Timothy Keller, Andy Rourke, Ray Stevenson, Thor ”, Ed Ames, George Maharis, Carroll Cooley, Miranda, John Beasley, Kaija, George Winston, Ipanema ”, Robert Hanssen, Richard Snyder, Simon & Schuster, Françoise Gilot, Pablo Picasso —, Pat Robertson, Theodore “ Ted ” Kaczynski, Roger Payne, Treat Williams, Glenda Jackson, Daniel Ellsberg, Richard Nixon, Big, George Frazier, Lee Sarokin, Rubin “, ” Carter, Winnie Ewing, Sheldon Harnick, Jerry Bock, “ Fiorello, John Goodenough, Peg Yorkin, Sue Johanson, Yan Mingfu, John Berylson, James Lewis, poisonings, Mikala Jones, André Watts, Jane Birkin, Kevin Mitnick, San Francisco ”, Frank Sinatra, Lady Gaga, Hugh “ Sonny ” Carter Jr, Jimmy, Randy Meisner, Herman, Angus Cloud, Fezco, ” O’Neill, ___, Mark Margolis, Hector Salamanca, Saul, Sixto Rodriguez, flamed, Robbie Robertson, Tom Jones, Magoo, Timbaland, Aaliyah, Missy Elliott, Clarence Avant, Quincy Jones, Bill Withers, Ada Deer, Jerry Moss, Herb Alpert, Alpert, Michael Parkinson, Muhammad Ali, Miss Piggy, Jiri Cerny, Betty Tyson, Richard Nixon’s, John Warnock, Ron Cephas Jones, Howard Hubbard, Samuel “ Joe ” Wurzelbacher, Joe, Barack Obama, Gil Brandt, Tom Landry, Tex Schramm, Bill Richardson, Steve Harwell, Shabtai Shavit, Jordan, Ian Wilmut, Dolly, Prince Mangosuthu Buthelezi, Roy Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, ”, New, of Fame, Louis Cardinals, “, Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, “, African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, ”, California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ HSBC CEO says bank 'well provisioned' for any further China real estate losses
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

Noel Quinn, Group Chief Executive of HSBC, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - HSBC (HSBA.L) is well provisioned against further China real estate losses, its CEO Noel Quinn said on Wednesday, amid a slump for the country's property market that has led to bank writedowns in recent quarterly earnings. Quinn reiterated that he felt the China property market had bottomed out, but said collateral consequences would potentially cause further losses for some banks. "We feel as though we're well provisioned," Quinn told the Financial Times' Global Banking Summit event in London. Quinn said he took two phones, two iPads and a laptop into Hong Kong and mainland China, but said the number of devices reflected splitting business and personal devices.

Persons: Noel Quinn, Tyrone Siu, Quinn, Lawrence White, Iain Withers, Sinead Cruise Organizations: HSBC, Global Financial, Investment, REUTERS, Financial Times, Global Banking, Thomson Locations: Hong Kong, China, London

☆ European Union should consider scrapping banker bonus cap - Deutsche Bank CEO
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: 1 min

Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. REUTERS/Selena Li/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - The European Union should consider scrapping a cap on banker bonuses to remain competitive with other financial centres, Deutsche Bank CEO Christian Sewing said on Wednesday. Sewing told a Financial Times event in London that the bloc should take account of other jurisdictions that are ditching similar caps - including Britain - and consider replicating the reform, providing it did not revive a culture of excessive risk taking. Reporting by Iain Withers, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.

Persons: Selena Li, Deutsche Bank CEO Christian Sewing, Iain Withers, Sinead Cruise Organizations: Deutsche Bank, Reuters, REUTERS, European, Deutsche Bank CEO Christian, Financial, Thomson Locations: Hong Kong, China, European Union, London, Britain

☆ Barclays eyes up to 900 job cuts in Britain - union
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Barclays Bank logo is seen in this illustration taken March 12, 2023. A Unite spokesperson said that Barclays (BARC.L) staff were informed of the potential cuts at 1300 GMT. A Barclays spokesperson declined to comment on the number of job cuts, but referred to the bank's announcement alongside its third quarter results last month that it would look to reduce costs. "We are taking a number of actions to simplify and reshape the business, improve service, and deliver higher returns. Venkatakrishnan is racing to boost Barclays' returns ahead of an investor update in February, when he will unveil more details of the cost-cutting plan and how the bank plans to grow income.

Persons: Dado Ruvic, Iain Withers, Lawrence White, Sinead Cruise, Kirsten Donovan Organizations: Barclays Bank, REUTERS, Barclays, Group, Reuters, C.S, Thomson

☆ Britain's Lloyds shake-up puts around 2,500 jobs at risk - source
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Lloyds Bank logo and rising stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 24 (Reuters) - Britain's biggest high street bank Lloyds (LLOY.L) is putting around 2,500 jobs at risk as part of a shake-up, a source familiar with the matter told Reuters, amid a renewed push by lenders to slash costs. Staff are expected to be informed of the process as early as next week, the source said, adding it would also involve the creation of 120 roles. The news comes after Reuters reported on Thursday that Lloyds' rival Barclays (BARC.L) is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs. But investor concerns about tougher competition for savers' cash and potential loan defaults amid a cost-of-living crisis are weighing on the sector.

Persons: Dado Ruvic, Iain Withers, Lawrence White, Gursimran Kaur, Devika Syamnath, Hugh Lawson Organizations: Lloyds Bank, REUTERS, Lloyds, Staff, Guardian, Reuters, Barclays, savers, Thomson Locations: London, Bengaluru

NatWest Group bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. "I will explore options for a NatWest retail share offer in the next 12 months subject to supportive market conditions and achieving value for money," Hunt said on Wednesday. NatWest shares dipped on Hunt's comments and were last down 1.1% at 204.7 pence, compared with a 0.2% fall in the FTSE 100 (.FTSE) index. The stock is the worst performing FTSE 100 British bank stock this year, down more than a fifth, according to Eikon data. That investment turned sour for many and shares in the renamed holding company International Distributions Service (IDSI.L) are now worth 25% less than its 330 pence offer price.

Persons: Dado Ruvic, Jeremy Hunt, Hunt, Sid, Alasdair Haynes, Nigel Farage, Alison Rose, Iain Withers, Sinead Cruise, David Milliken, Sarah Young, William James, Elaine Hardcastle, Alexandra Hudson Organizations: NatWest Group, REUTERS, Companies, NatWest, Aquis, Royal Mail, Distributions Service, Alexandra Hudson Our, Thomson

NEW YORK (AP) — Everything from rap to yacht rock, country and alt-rock are represented among the nominees for the 2024 Songwriters Hall of Fame, with nods for Public Enemy, Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M., Blondie, Heart and The Doobie Brothers. Adams, R.E.M., Blondie, The Doobie Brothers and Heart were also nominated last year but didn't make the final cut. Last year's inductees included Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard and Teddy Riley. The Songwriters Hall of Fame was established in 1969 to honor those creating the popular music. A songwriter with a notable catalog of songs qualifies for induction 20 years after the first commercial release of a song.

Persons: Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M, Doobie, Kenny Loggins, Nashville hitmaker Hillary Lindsey, Timbaland, Justin Timberlake's “, ”, Missy Elliot's, Michael Stipe, Ann, Nancy Wilson, Heart, Adams, Clinton, Debbie Harry, Chris Stein, Clem Burke, Blondie, Chapman, Luke Combs, didn't, Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard, Teddy Riley, Randy Bachman, Burton Cummings, Tom Johnston, Patrick Simmons, Michael McDonald —, David Gates, Chuck D, Flav, Steely Dan —, Donald Fagan, Walter Becker —, Maurice Starr, Tony Macaulay, Dean Dillon, Russell Brown, Narada Michael Walden, Roger Nichols, Dennis Lambert, Brian Potter, Loggins, Dean Pitchford, Elvis Presley, Gladys Knight, Tom Jones, Carole King, Paul Simon, Billy Joel, Jon Bon Jovi, Richie Sambora, Elton John, Bernie Taupin, Brian Wilson, James Taylor, Bruce Springsteen, Tom Petty, Lionel Richie, Bill Withers, Neil Diamond, Phil Collins, ___ ___ Mark Kennedy Organizations: Hall of Fame, Nashville, Little Big Town, Associated Press, Country Music Association, Roll Hall of Fame Locations: R.E.M

[1/2] A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Cooler-than-expected U.S. inflation data on Tuesday and Wednesday hastened market expectations for how soon the Federal Reserve will cut rates. Such a move would weaken a major dollar support and could come as early as next year's first quarter. The yen - punished broadly this year by dollar strength - broke the 150 mark for the first time in nearly two weeks, gaining 0.69% to 149.68 to the dollar. Japanese authorities do not have specific exchange-rate levels in mind when deciding when to intervene in the currency market, Deputy Finance Minister Ryosei Akazawa told parliament on Friday.

Persons: Marcos Brindicci, Bipan Rai, Thierry Wizman, Wizman, Ryosei Akazawa, Lee Hardman, Robert Holzmann, Joachim Nagel, Christine Lagarde, Herbert Lash, Iain Withers, Rae Wee, Tom Westbrook, Alexander Smith, Matthew Lewis Organizations: REUTERS, Federal Reserve, CIBC Capital Markets, FX, Eurostat, European Central Bank, Thomson Locations: Buenos Aires, Argentina, North America, Toronto, United States, Macquarie, New York, Britain, London, Singapore

[1/2] A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Cooler-than-expected U.S. inflation data on Tuesday and Wednesday reset market expectations for how soon the Federal Reserve will cut rates and weighed on the dollar. The greenback is poised for its biggest weekly drop since July, down 1.6% over the past five days, and second-biggest decline this year. Data that showed U.S. single-family homebuilding increased marginally in October briefly supported the dollar, but with inflation the main market driver it remained lower on the day. The euro was up 0.17% at $1.0868 after Eurostat data confirmed year-on-year inflation in the euro zone slowed sharply in October.

Persons: Marcos Brindicci, Bipan Rai, Thierry Wizman, Wizman, Lee Hardman, Robert Holzmann, Joachim Nagel, Christine Lagarde, Herbert Lash, Iain Withers, Rae Wee, Tom Westbrook, Mark Potter, Kirsten Donovan Organizations: REUTERS, Federal Reserve, CIBC Capital Markets, FX, Eurostat, European Central Bank, Thomson Locations: Buenos Aires, Argentina, North America, Toronto, United States, Macquarie, New York, Britain, London, Singapore

Barclays Bank logo is seen in this illustration taken March 12, 2023. Tesco Plc and Tesco Bank declined to comment. It could not be established how much the proposed deal would value the Tesco Bank assets. Tesco Bank was launched in 1997 as a joint venture between the British supermarket group and Royal Bank of Scotland, with Tesco later taking full control of the company. Despite seeing it as a growth area in the past, Tesco has been scaling back its banking services, including no longer offering current accounts and offloading its mortgage portfolio to Lloyds Banking Group (LLOY.L).

Persons: Dado Ruvic, Amy, Jo Crowley, Pablo Mayo Cerqueiro, Lawrence White, Iain Withers, Anousha Sakoui, Jane Merriman Organizations: Barclays Bank, REUTERS, Barclays, Reuters, Tesco Bank, Tesco, Tesco Plc, British, Royal Bank of Scotland, Lloyds Banking Group, Thomson Locations: British, Kensington

☆ UK lenders step up mortgage price battle as inflation slows
▼ + stars: | 2023-11-15 | by ( Iain Withers | ) www.reuters.com time to read: +2 min

LONDON, Nov 15 (Reuters) - British lenders have accelerated price cuts on mortgages as competition intensifies, inflation slows and markets increase bets on future Bank of England (BoE) interest rate cuts. The latest inflation data on Wednesday showed price rises in Britain fell faster than expected in October, plunging to 4.6% from 6.7% the prior month, leading to further investor bets on BoE rate cuts next year. Reuters GraphicsThe average two-year fixed rate mortgage was priced at 6.19% as of Wednesday, the Moneyfacts data showed, down from a peak this year of 6.86% on 26 July. The country's inflation rate also remains high relative to most other developed economies. Lender cuts to fixed mortgage rates are also unlikely to be matched by variable rates that closely track the BoE rate.

Persons: BoE, John Charcol, Iain Withers, Sinead Cruise, Barbara Lewis Organizations: Bank of England, HSBC, Halifax, Virgin, Mortgage, Reuters, Wednesday, Thomson Locations: Britain

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

☆ The death of downtowns
▼ + stars: | 2023-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the number of empty storefronts overwhelming downtowns isn't just a product of the post-pandemic world. When it comes to local downtowns, not all small businesses are created equally. A homebuilder executive breaks down the do's and don'ts that've helped her clients lower rates from 8% to 4.875%.

Persons: —, that's, Tyler, Insider's Adam Rogers, it's, Adam, Justin Sullivan, It's, Lucas Jackson, Elon Musk, Joel Saget, Sheldon Cooper, Getty Images Elon, X, Daniel Rizea, Haley Rosen, Marie Donoghue, Rosalyn Durant, don'ts that've, Heidi Klum's, Jayne Withers, Zers, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Getty Images, Apple, Google, ESPN, NFL, NBA, Walmart, Workers, Fed, Pfizer, Samsung Locations: National, New York, AFP, New York City, San Diego, London

☆ UK watchdog finds potential NatWest 'regulatory breaches' in Farage fiasco
▼ + stars: | 2023-10-27 | by ( Iain Withers | ) www.reuters.com time to read: +1 min

[1/2] Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - British watchdog the Financial Conduct Authority said on Friday that it had identified potential "regulatory breaches" in NatWest's handling of a decision to close former Brexit party leader Nigel Farage's accounts. NatWest said it would disclose a decision on whether to dock its former CEO Alison Rose's pay over the matter "as soon as possible". "This report, and additional information we have considered, has highlighted potential regulatory breaches and a number of areas for improvement," the FCA said in a statement, adding it was reviewing the firm's governance, systems and controls. Reporting by Carolyn Cohn and Iain Withers, editing by Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Nigel Farage's, Farage, Alison Rose's, Travers Smith, Alison Rose, Carolyn Cohn, Iain Withers, Lawrence White Organizations: FCA, Financial, Authority, REUTERS, British, NatWest, Thomson Locations: London, Britain

A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. The bank's shares fell as much as 18% in early trading before closing down 12% - their largest daily drop since the Brexit vote in June, 2016. Farage said in a statement on Friday that he viewed the report as a "whitewash" and its findings "laughable". She added that the review showed she did not leak detailed financial information and had been unaware of "deeply unpleasant and unfair" internal staff comments made about Farage. A NatWest document unearthed by Farage in July found that an internal committee had deemed his views did not align with the bank's own.

Persons: Phil Noble, Nigel Farage, Coutts, Farage, Alison Rose, Travers Smith, Howard Davies, Rose, Mr Farage, Davies, Paul Thwaite, Rick Haythornthwaite, Iain Withers, Lawrence White, Samuel Indyk, Jason Neely, Sharon Singleton, Kirsten Donovan Organizations: NatWest, REUTERS, Financial Conduct Authority, Barclays, Rival, Lloyds, Thomson Locations: Manchester, Britain

☆ UK's data watchdog to review handling of Farage's NatWest privacy complaint
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. Picture taken September 21, 2017. The ICO had found former NatWest CEO Alison Rose infringed Farage's data rights when she discussed his relationship with the bank with a BBC journalist, according to a copy of the ICO decision seen by Reuters and other media on Wednesday. In a statement on Friday, the ICO said Rose had since expressed concerns. An ICO spokesperson reiterated on Friday that the regulator had upheld two parts of Farage's complaint, but did not intend to take further regulatory action for now.

Persons: Phil Noble, Nigel Farage, Alison Rose, Rose, Ms Rose, Iain Withers Organizations: NatWest, REUTERS, ICO, BBC, Reuters, Thomson Locations: Manchester, Britain

[1/3] The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The broader European banking index (.SX7P) fell as much as 2.4% to its lowest in four months by 1017 GMT. Top fallers on the index were Standard Chartered, down 9%, Swedbank (SWEDa.ST), down 7% and BNP Paribas (BNPP.PA), down around 4%. Concerns about China's economic fragility are also hitting some European banks with major operations in Asia. Sabadell (SABE.MC) rose around 3.7% after raising its outlook for 2023 net interest income growth on the back of higher interest rates.

Persons: Peter Nicholls, Chris Hiorns, Banks, Hiorns, Angelo Meda, Meda, Iain Withers, Naomi Rovnick, Joice Alves, Jesus Aguado, Danilo Masoni, Amanda Cooper, John Stonestreet, Toby Chopra Organizations: Chartered, REUTERS, BNP, European Central Bank, Traders, SIM, Sabadell, Thomson Locations: London, Britain, LONDON, Milan, Asia, Madrid

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