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☆ London remains a 'fantastic' financial center, says Aimco CIO
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLondon remains a 'fantastic' financial center, says Aimco CIOMarlene Puffer, chief investment officer of Aimco, discusses its plans to increase its headcount in London.

Persons: Marlene Puffer, Aimco Locations: London

Sixteen months after his infection, Mr. Muñoz’s lungs have recovered somewhat, but not completely. Tap to enableA 3-D visualization comparing a healthy set of lungs with Ms. Rodríguez’s lungs 14 months after her infection. Tilt your device to rotate lungs Slide to rotate lungs Slide to rotate lungsHealthy lungs are filled with millions of tiny air sacs called alveoli. Lung tissue with chronic damage shows scarred, thickened areas and collapsed sections with reduced airflow. Ms. Rodríguez has come closer to recovering, most likely helped by her youth and previous good health.

Persons: Andy Muñoz, Covid, ”, Howard Huang, It’s, Dr, Huang, Tom Kennedy, Kennedy, “, Marlene Rodríguez, Rodríguez, David Sayah, Sayah, “ She’s, ” Meridith Kohut, “ Covid, Mr, Muñoz, Meridith Kohut, ” Dr, Kennedy’s, Muñoz’s, Rodríguez’s, Melissa Raymundo, Ms, Raymundo, Gayle, Rodríguez didn’t, Vianney, José, it’s, “ We’re Organizations: New York Times, Houston Methodist Hospital, Covid, Medical Center, ”, The New York Times, USA Locations: La Porte , Texas, Houston, Atwater, Calif

Paris CNN —France’s finance minister is in the spotlight. “It is about music, my passion for music,” Le Maire insisted of the novel, whose central character is a piano virtuoso. Some in France chastized the finance minister for devoting time to writing, especially as the country weathers economic headwinds. The French finance ministry confirmed to CNN that Le Maire had warned the French presidency of the book before its release. And the finance minister seemed unabashed on Twitter.

☆ 'Focused on the job': France's Le Maire defends writing of steamy novel
▼ + stars: | 2023-05-03 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

PARIS, May 3 (Reuters) - French Finance Minister Bruno Le Maire said he was fully focused on creating growth and fighting inflation after coming under fire for penning a steamy novel that was published hours before France's credit rating was downgraded by an agency. "I am 100% focused on the job," Le Maire told Franceinfo radio. It is a graphic account of Oskar having sex with a character named Julia that has exposed Le Maire to mocking and criticism. The French edition of the Huffington Post headlined a story "Bruno Le Maire has written about an anus and no one was ready for this." "These are 10 lines out of a 480 pages book," Le Maire shot back when pushed on his writings during the Franceinfo interview.

☆ Credit Suisse mess leaves scattered Swiss debris
▼ + stars: | 2023-04-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +7 min

ZURICH, April 24 (Reuters Breakingviews) - Swiss government intervention to save Credit Suisse (CSGN.S) from collapse last month may have avoided a financial market storm. SWISS “TRINITY” QUESTIONThe rescue of Credit Suisse has other consequences. The Swiss Bankers Association has called for an independent inquiry, and lawmakers gave a symbolic thumbs-down to the rescue of Credit Suisse on April 12. A Senate Finance Committee report found last month Credit Suisse had violated a 2014 deferred prosecution agreement with U.S. authorities by continuing to help rich Americans dodge taxes. Switzerland’s parliament on April 12 rejected a Credit Suisse rescue package that included 109 billion Swiss francs in financial guarantees.

☆ Swiss regulator deflects blame for Credit Suisse debacle
▼ + stars: | 2023-04-05 | by ( John O'Donnell | ) www.reuters.com time to read: +3 min

BERN, April 5 (Reuters) - Switzerland's financial regulator deflected blame for the collapse of the country's second-biggest bank, Credit Suisse, saying it had been quick to respond, calling instead for more powers to take lenders to task. Axel Lehman had told shareholders he was 'truly sorry" for taking Swiss bank to the brink of bankruptcy. "Our instruments hit their limits ... as seen in the case of Credit Suisse," said Amstad, making a rare public appeal for more power. But, as we have seen, Credit Suisse paid billions in fines and that didn't change its catastrophic business strategy," said Dominik Gross of the Swiss Alliance of Development Organisations. While the takeover of Credit Suisse has been agreed, many hurdles, such as winning regulatory approval from countries around the world, lie ahead.

☆ Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
▼ + stars: | 2023-04-05 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +7 min

It would have erased the holding company Credit Suisse Group, along with the parent bank Credit Suisse AG and its branches, while retaining the Credit Suisse (Schewiz) AG entity because of its "systemic importance." "The parent bank Credit Suisse AG would have gone under – a Swiss bank with total assets of over CHF 350 billion and ongoing business also running into many billions," Angehrn warned. Many other Swiss banks would probably have faced a run on deposits, as Credit Suisse itself did in the fourth quarter of 2022." Angehrn said the regulator has been in recent dialogue with the U.S., but did not experience international pressure in its supervision of Credit Suisse. The authorities would have risked not stopping a looming financial crisis by using the tool of resolution, but rather triggering such a financial crisis."

☆ A French politician posed for a Playboy magazine cover. Her colleagues are criticizing the decision amid political upheaval in the country.
▼ + stars: | 2023-04-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

French minister Marlene Schiappa appeared on the April cover of Playboy magazine. Her colleagues, including French Prime Minister Elisabeth Borne, criticized the move, CNN reported. Schiappa, a women's rights activist, defended her choice to pose for the magazine on Sunday. Playboy interviewed the French politician on women's and LGBTQ rights, the outlet reported. French Prime Minister Elisabeth Borne told Shicappa, who is the minister delegate in charge of citizenship, that posing for Playboy "wasn't appropriate, especially during this period," a source close to the prime minister told BFMTW.

☆ French feminist politician under fire for Playboy front cover
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 3 (Reuters) - French junior social affairs minister Marlene Schiappa is facing criticism from her own party for posing in a white dress for the cover of Playboy, with French media reporting Prime Minister Elisabeth Borne called Schiappa to express her displeasure. The furor comes at a time of social unrest in the country as the government is facing a big backlash over pension reforms. The Playboy cover will be accompanied by a 12-page interview in which Schiappa, who brought in legislation outlawing catcalling and street harassment, talks about women's and LGBT rights. In France, women are free. The Playboy issue is available to buy from April 8th, according to Le Parisien.

☆ Credit Suisse could face disciplinary action, Swiss regulator says
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann/File PhotoZURICH, March 26 (Reuters) - Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse (CSGN.S) managers after Switzerland's second largest bank had to be rescued last week by UBS (UBSG.S). Credit Suisse on Sunday declined to comment on the FINMA President's comments when asked by Reuters for a response. FINMA had conducted six public "enforcement proceedings" against Credit Suisse in recent years, Amstad said. Amstad also defended Switzerland's decision to write down 16 billion Swiss francs of Credit Suisse Additional Tier 1 (AT1) debt, to zero as part of the forced rescue merger.

☆ The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
▼ + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Pascal Mora | Bloomberg | Getty Imageswatch nowHowever, the downward spiral of Credit Suisse's share price and mounting asset outflows were underway long before the collapse of Silicon Valley Bank earlier this month. Swiss regulator FINMA has come under fire for allowing the situation to deteriorate as the bank spent years mired in losses and scandal. Mark Yallop, chairman of the U.K.'s Financial Markets Standards Board and former U.K. CEO at UBS, told CNBC on Tuesday that he agreed with the broad assessment that Credit Suisse's downfall was "idiosyncratic." "It's unfortunate that the problems with some of the smaller U.S. banks in the last two or three weeks happened at the same time as this issue with Credit Suisse but the two are completely different and very largely unrelated," he said. By contrast, the Swiss banking and regulatory system has come under fire.

☆ Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown
▼ + stars: | 2023-03-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender's emergency sale to UBS — saying it was a "viability event." The regulator said the loan Credit Suisse received from the Swiss National Bank last week, backed by the federal government, meant the conditions for a writedown had been met. The regulator instructed Credit Suisse to write down 16 billion Swiss francs of AT1 bonds, widely regarded as relatively risky investments, to zero, while equity shareholders will receive payouts at the stock's takeover value. "As Credit Suisse received extraordinary liquidity assistance loans secured by a federal default guarantee on 19 March 2023, these contractual conditions were met for the AT1 instruments issued by the bank." The Swiss federal government enacted an emergency ordinance to guarantee the additional liquidity assistance from the SNB to Credit Suisse, in order to ensure the successful implementation of the UBS takeover.

FINMA, the Swiss regulator, said the decision would bolster the bank's capital. Engineered in the wake of the global financial crisis, AT1 bonds are a form of junior debt that counts towards banks' regulatory capital. "It's stunning and hard to understand how they can reverse the hierarchy between AT1 holders and shareholders," said Jerome Legras, head of research at Axiom Alternative Investments, an investor in Credit Suisse's AT1 debt. Credit Suisse's AT1 debt had rallied earlier on Sunday amid reports that shareholders would receive something in a deal with UBS, raising hopes that bondholders would be protected. The move by the Swiss regulator could make it harder for other lenders to raise new AT1 debt, investors said.

LONDON, March 19 (Reuters) - Credit Suisse has written down its Additional Tier 1 bonds to zero as part of its takeover by UBS, angering some bondholders who thought they would be better protected in a rescue deal announced on Sunday. The Swiss regulator and Credit Suisse said that the bonds, which are a riskier type of debt than traditional bonds, have a notional value of 16 billion Swiss francs ($17.24 billion). Credit Suisse said it had been informed by the regulator, FINMA, on Sunday of the decision to write the bonds down. Some bondholders were angry at the move to write down the bonds to zero, especially as it appears bondholders will fare worse than shareholders in the deal. ($1 = 0.9280 Swiss francs)Writing by Tommy Reggiori Wilkes; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Two of the four Americans who were shot at by gunmen and kidnapped shortly after crossing the border into northern Mexico last week are dead, according to the governor of Tamaulipas state. McCleod said the group is from South Carolina, and had been traveling in a rental vehicle with North Carolina license plates when they entered Matamoros. The FBI confirmed that the group was traveling in a white minivan with North Carolina plates. Zalandria Brown of Florence, South Carolina, told The Associated Press that her younger brother, Zindell, was among the four victims. She said she had been in contact with the FBI and local officials after learning her sibling had been kidnapped.

☆ Meet the 'boommates': These two baby boomers live together to cut costs and build a relationship
▼ + stars: | 2023-03-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Miller had an extra room in her home and thought why not find a roommate to help pay the mortgage. She called her local senior center, and they suggested she try Silvernest, a home-sharing platform founded in Colorado in 2015. According to Miller, Mears pays $650 on a month-to-month basis for her lodging and utilities. Longmont, Colorado, where Mears and Miller live, is located 40 miles north of Denver. After less than a week, Miller and Mears were eating dinner together regularly, taking turns cooking for each other.

☆ Raquel Welch, actor and international sex symbol, dies at 82
▼ + stars: | 2023-02-15 | by ( Marlene Lenthang | Diana Dasrath | ) www.cnbc.com time to read: +1 min

Actor Raquel Welch, whose role in the 1966 film "One Million Years B.C." Welch died Wednesday morning following a brief illness, Media Four said in a statement. Welch won a Golden Globe in 1975 for best actress in a musical/comedy for her role in "The Three Musketeers." She was nominated in 1988 for best actress in a limited series for her role in "Right to Die." Over the course of a career that spanned more than 50 years, Welch had more than 30 film and 50 television credits.

☆ Burt Bacharach, legendary composer of pop songs, dies at 94
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +10 min

Bacharach was both an innovator and throwback, and his career seemed to run parallel to the rock era. He was an eight-time Grammy winner, a prize-winning Broadway composer for "Promises, Promises" and a three-time Oscar winner. Fellow songwriter Sammy Cahn liked to joke that the smiling, wavy-haired Bacharach was the first composer he ever knew who didn't look like a dentist. Bacharach was essentially a pop composer, but his songs became hits for country artists (Marty Robbins), rhythm and blues performers (Chuck Jackson), soul (Franklin, Luther Vandross) and synth-pop (Naked Eyes). He's everybody's composer ... Burt Bacharach!"

☆ U.S. composer Burt Bacharach dies at age 94
▼ + stars: | 2023-02-09 | by ( Bill Trott | ) www.reuters.com time to read: +6 min

Bacharach and David had 30 Top-40 hits in the '60s alone. I'd hear his melodies and I'd hear lyrics. I'd hear rhymes, I'd hear thoughts and I'd hear it almost immediately." Bacharach and David scored the Neil Simon Broadway musical "Promises, Promises," which won them two Tonys and a Grammy. While star performers made his songs hits, Bacharach said he also enjoyed performing himself and making a personal connection with smaller audiences.

☆ 'The Last of Us' is a critically acclaimed show based on the hit video game series — here's how to stream new episodes of the HBO drama
▼ + stars: | 2023-02-09 | by ( Jordan Williams | Freelance Writer | Read More | ) www.businessinsider.com time to read: +5 min

"The Last of Us" premiered January 15 exclusively on HBO and HBO Max. The series is an adaptation of the 2013 post-apocalyptic video game of the same name. The series is based on the critically acclaimed post-apocalyptic video game series of the same name. How to watch 'The Last of Us'You can watch "The Last of Us" exclusively on HBO and HBO Max. Critics praise the HBO series' deep dive into the game's story, the cast's performances, and the writing.

☆ Controlled chemical release scheduled to prevent explosion in wake of Ohio train derailment
▼ + stars: | 2023-02-06 | by ( Dennis Romero | Marlene Lenthang | ) www.cnbc.com time to read: +5 min

Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. Three days after a 150-car train derailed in northeastern Ohio, and risked exploding due to chemicals on board, authorities have announced a planned chemical release. Josh Shapiro ordered an immediate evacuation of a 1-mile by 2-mile area surrounding East Palestine that includes parts of Ohio and Pennsylvania. Graham on Sunday identified at least 10 of the derailed cars as "hazmat cars," or those carrying hazardous materials or chemicals. In a statement Saturday, the village of East Palestine said "zero health risks" had been discovered so far.

☆ Principal at Virginia school where 6-year-old shot teacher removed as students return to class
▼ + stars: | 2023-01-30 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

The principal of the Richneck Elementary School in Virginia, where a 6-year-old boy shot his first-grade teacher, has been removed from her post as children return to classes Monday for the first time since the shooting with new security protocols. The school system’s superintendent, George Parker III, was ousted from his job on Wednesday in a 5-1 vote at a school board meeting, effective Feb. 1. With the departures of the principal and assistant principal, Karen Lynch, the district's Extended Learning Supervisor and an experienced elementary school principal, will serve as the administrator on special assignment at Richneck, coordinating the students’ return to learning, Price said. Back to school: clear backpacks, metal detectors and security officersSchool will look a little different for Richneck students returning Monday. Since the shooting, the boy has been in a hospital receiving the “treatment he needs," it said.

Towns said the lawmakers could have until early spring, otherwise, to develop and fine tune any proposals that emerge from Nichols' death. Share this -Link copiedMemphis police’s vaunted Scorpion unit is deactivated after Tyre Nichols' death Memphis police’s vaunted Scorpion unit has been permanently deactivated. Share this -Link copiedNFL calls for change after 'senseless death' of Tyre Nichols A day after the release of video showing the police beating of Tyre Nichols, the NFL on Saturday condemned the violence. Demonstrations continued Saturday in Atlanta, Boston and Charlotte following the release of video footage showing five former Memphis police officers beating Tyre Nichols, who died on Jan. 10. Attorney Blake Ballin’s comments follow the release of video footage showing the officers punching and kicking Tyre Nichols during a Jan. 7 traffic stop.

Al Sharpton: 'This video should be all a jury needs to convict'Civil rights activist Reverend Al Sharpton released a statement on Twitter early Saturday, ahead of speaking at a New York rally condemning Nichols’ death. “Nearly three years after the murder of George Floyd shook the world, here we are. This video should be all a jury needs to convict each of the five officers who relentlessly beat Tyre Nichols to death,” Sharpton said. He added “the sad reality is that police brutality will be an ever-present threat for Black and Brown Americans unless cops continually see that those who use blunt force will go to jail.”Sharpton, who will be delivering the eulogy at Nichols’ funeral on Wednesday, echoed the family’s pleas for non-violence and warned “the more you act up, the more these cops will use it as an excuse for their despicable actions.”

Body camera video shows punches on ground, Nichols saying 'mom' Portions of body camera video released in the death of Tyre Nichols shows him being punched several times while he is on the ground. The call was made in advance of the expected public release of video in the death of Tyre Nichols, who died after a violent encounter with Memphis police officers on Jan. 7. Share this -Link copiedMemphis fire officials receive video showing Tyre Nichols' beating, will conclude investigation next week The Memphis Fire Department said it received full access to video footage showing the fatal beating of Tyre Nichols earlier Friday. The five Memphis officers involved in the traffic stop were fired and have since been arrested on numerous charges including murder. "I will ask everyone to heed the words of Tyre Nichols' mother," Hochul said.

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