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☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ Don't ignore threats like inflation, recession, and war, warn Wall Street's biggest bosses
▼ + stars: | 2024-04-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

If the 10-year bond rate goes up 2%, every asset on the planet, including real estate, is worth 20% less. Advertisement"If things stay where they are, we have the soft landing that seems to be embedded in the marketplace, the real estate will muddle through. They won't muddle through under higher rates with a recession. That would be tough for a lot of folks, not just real estate, if that happens." Jeenah Moon / Reuters"We're in a period that comes after financial repression, where we'll have some inflation and some real rates.

Persons: —, Wall, shouldn't, Jamie Dimon, I'm, David Solomon, Goldman Sachs, Jane Fraser, Julian Restrepo, Larry Fink, Stephen Schwarzman, Ted Pick, Morgan Stanley, Jeenah, Michael Santomassimo, Wells, Alistair Borthwick, that's Organizations: Service, Wall Street's, Business, titans, JPMorgan, Citigroup, AP, BlackRock, Blackstone, Bank of America Locations: East, Ukraine

☆ Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this week
▼ + stars: | 2024-04-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.

Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil

☆ Bank of America tops estimates on better-than-expected interest income, investment banking
▼ + stars: | 2024-04-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue on better-than-expected interest income and investment banking. Revenue slipped 1.6% to $25.98 billion as net interest income declined from a year earlier. That's one of the key questions after JPMorgan Chase , Citigroup and Goldman Sachs all topped estimates with help from trading and investment banking. Bank of America's Chief Financial Officer, Alastair Borthwick, told analysts last month to expect investment banking revenue to rise by 10% to 15% from a year earlier, and for trading results to be roughly flat. Analysts will also be focused on the bank's net interest income, which has been declining in recent quarters as funding costs have climbed along with the rise in interest rates.

Persons: Brian Thomas Moynihan, Goldman Sachs, Alastair Borthwick Organizations: of America, Senate Banking, Housing, Urban Affairs, Capitol, Bank of America, Revenue, JPMorgan Chase, Citigroup, Goldman, Bank of America's Locations: Washington , DC

☆ Dementia and sport: These rugby players represented their country in their 20s, by their 40s, they had early onset dementia
▼ + stars: | 2024-02-05 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +17 min

Popham’s wife, Mel, would have a conversation with her husband and an hour later he would have “no recollection,” he tells CNN Sport. Richard Boardman, the lawyer representing the claimants, told CNN Sport that this is causing an “existential threat” to the game. “As far as the brain is concerned, it doesn’t matter what sport is played,” Michael Grey, a neuroscientist at the University of East Anglia, told CNN Sport. Nowinski, a WWE wrestler turned neuroscientist, told CNN Sport that head injury protocols need to go beyond treating concussion. The paper, which looked at 412 Scottish former international male rugby players aged 30 and above and 1,236 members of the public who had been matched for age, sex and socioeconomic status, found that the rugby players’ risk of a dementia diagnosis over time was just over twice as high.

Persons: Alix Popham, Mel, ”, Popham, ” Popham, I’ve, Alix Popham of Wales, Pat Riordan of, Stu Forster, Lenny Woodard, Woodard, “, “ I’d, I’d, ” Woodard, Brook Joyner, Richard Boardman, ” Michael Grey, Chris Nowinski, Scott McIntyre, Nowinski, ” Ann McKee, ” Boardman, Roger Goodell, University of East Anglia Boardman, Grey, –, ” Steve Borthwick of, Alun Wyn Jones, Paul Harding, ” Grey, McKee, it’s, aren’t, we’re, shouldn’t, weren’t, ” Alix Popham Organizations: CNN, CNN Sport, rugby, Rugby, Alix Popham of Wales offloads, Pat Riordan of Canada, Wales, Getty, World Rugby, Rugby Football Union, RFU, Welsh Rugby Union, WRU, Springer, University of East, National Football League Players, Wrestling Entertainment, WWE, Washington Post, Boston University CTE Center, British Medical, Exercise, NFL, NFL.com, University of East Anglia, RBS, Nations, University of Glasgow, Boston University, University of Sydney, Scottish, ’, “ Rugby, England Rugby, Boston University’s CTE, CTE Locations: France, Wales, England, Canada, Nantes, Europe, University of East Anglia, American, Woodward, Boston

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

☆ Owen Farrell: England captain to miss Six Nations, taking break from international rugby to prioritize mental health
▼ + stars: | 2023-11-30 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —England captain Owen Farrell is taking a break from international rugby “to prioritise his and his family’s mental well-being,” club side Saracens announced on Wednesday. The club said that Farrell will miss next year’s Six Nations but will continue to play for and captain Saracens. He was also the top scorer at the World Cup with 75 points. “Everyone at England Rugby is fully behind Owen’s decision,” England head coach Steve Borthwick said in a statement. Farrell led England during the team's Rugby World Cup semifinal defeat against South Africa in Paris last month.

Persons: Owen Farrell, Farrell, Jonny Wilkinson’s, Steve Borthwick, Hannah Peters, Owen, ” Farrell, Farrell’s, Andy Farrell, Borthwick, ”, Tom Curry, Franco Arland, “ Organizations: CNN, England, rugby “, Saracens, Rugby, England Rugby, South, Argentina Locations: England, South Africa, Paris, Ireland

☆ Uncertainty now for Springboks as winning era ends
▼ + stars: | 2023-10-29 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

First to be settled is what happens with Director of Rugby Rassie Erasmus, who is seen as the maverick genius behind the country's successive World Cup triumphs. He was coach in 2019 when they won in Japan but tweaked his role thereafter, relinquished the coaching post to his long-time lieutenant Jacques Nienaber. Both have been lauded for the analytical work and attention to detail and are likely to be sorely missed. None of the winning squad have spoken of quitting, either the game overall or their international careers, but the intensity of the World Cup campaign takes a toll as the 31-year-old centre Damian de Allende explained when asked whether he would continue with the Boks. "I would love to say yes but at the moment I have to take it year by year,” he said after Saturday’s victory.

Persons: Denis, Webb Ellis, Stephanie Lecocq, Rugby Rassie Erasmus, Jacques Nienaber, Felix Jones, Steve Borthwick, Duane Vermeulen, Damian de Allende, ”, “ I’m Organizations: Rugby Union, Rugby, Stade de France, Saint, Rights, Irish, Leinster, South, England, Ireland, Twickenham, Thomson Locations: Zealand, South Africa, France, Japan, Africa, Australia, Argentina, New Zealand, Europe

☆ England claim bronze but need more to challenge the elite
▼ + stars: | 2023-10-28 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

PARIS, Oct 28 (Reuters) - From where they were at the end of their dismal warm-ups, England's World Cup was an unqualified success and they were within three minutes of one of the great sporting turnarounds. They arrived amid the gloom of five defeats in six games but finished on a high with six wins out of seven. The skewed nature of the draw obviously favoured them, and reaching the semi-finals looked possible and even probable regardless of their form based on their World Cup history and the quality of players in the squad. Already assured of top spot in their group, England laboured against Samoa before snatching a late victory. "I always believed we would be right... We were clear that the World Cup isn't played in August," he said after clinching third place.

Persons: Tom Curry, George Ford, Henry Arundell, Marcus Smith, Owen Farrell's, Dan Cole, Joe Marler, Steve Borthwick's, Ben Earls, Borthwick, hasn't, Eddie Jones, isn't, Hooker Theo Dan, Mitch Phillips, Hugh Lawson Organizations: Japan, Samoa, Fiji, Springbok, South Africa, Argentina, Twickenham, Thomson Locations: France, Argentina, England, Marseille, Chile, South Africa

☆ Different feel as England Argentina meet again in bronze final
▼ + stars: | 2023-10-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Of course the one that spoiled that streak was the agonising one-point semi-final defeat by South Africa, but it is still an England team unrecognisable in confidence and execution from the one that endured a dismal August warm-up campaign. England eventually advanced as pool winners, then beat Fiji before their Springbok loss, while Argentina improved to beat Japan to clinch second place then see off Wales in the quarter-final. Borthwick and Pumas coach Michael Cheika followed their defeats by immediately stressing that they were treating the bronze final as a match they were taking very seriously. "Winning the bronze medal is very important for the future and the legacy of the most experienced players. England have also won all four of the teams' pool clashes at the World Cup.

Persons: Steve Borthwick, Tom Curry, flyhalf George Ford, Ford banged, Michael Cheika, Borthwick, Cheika, Owen Farrell, Ford, Marcus Smith, Henry Arundell, Freddie Steward, Juan Cruz Mallia, Emiliano Boffelli, Lucio Cinti, Jeronimo de la Fuente, Mateo Carreras, Santiago Carreras, Tomas Cubelli, Facundo Isa, Marcos Kremer, Juan Martin Gonzalez, Pedro Rubiolo, Guido Petti, Francisco Gomez Kodela, Julian Montoya, Thomas Gallo, Agustin Creevy, Joel Sclavi, Eduardo Bello, Matias Alemanno, Rodrigo Bruni, Lautaro Bazan Velez, Nicolas Sanchez, Matias Moroni, Joe Marchant, Manu Tuilagi, Ben Youngs, Ben Earl, Sam Underhill, Ollie Chessum, Will Stuart, Theo Dan, Ellis Genge, Jamie George, Bevan Rodd, Dan Cole, David Ribbans, Lewis Ludlum, Danny Care, George Ford, Ollie Lawrence, Mitch Phillips, Christian Radnedge Organizations: England, Rugby, Fiji, Springbok, Japan, Borthwick, Pumas, Twickenham, Thomson Locations: Argentina, South Africa, England, Marseille, Wales, New Zealand, flyhalf

☆ Online abuse of Curry unacceptable, says Farrell
▼ + stars: | 2023-10-25 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

PARIS, Oct 25 (Reuters) - England flanker Tom Curry has been on the receiving end of relentless online abuse this week and captain Owen Farrell, usually a player who says the minimum in his media dealings, took to the microphone on Wednesday to say it was unacceptable. "What isn't understandable is the amount of abuse he's got," Farrell said in press conference ahead of Friday's bronze final against Argentina. But that is Tom Curry. "This is not a Tom Curry incident - someone has said something in the game that he has reported and he is getting on with preparing. This is a World Rugby and SA Rugby matter to deal with."

Persons: Tom Curry, Owen Farrell, Curry, Bongi Mbonambi, he's, Farrell, it's, we've, Tom, It's, Steve Borthwick, Mitch Phillips, Christian Radnedge Organizations: World Rugby, South Africa Rugby, New Zealand, Argentina, Rugby, SA Rugby, Curry's, Sharks, Thomson Locations: England

☆ New look for England as Arundell, Steward and Smith start v Argentina
▼ + stars: | 2023-10-25 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Tom Curry, who will win his 50th cap, moves to the blindside to reprise the successful back row partnership from the 2019 tournament, with Ben Earl at number eight. Scrumhalf Ben Youngs starts his first game of the tournament to extend his caps record to 127, with captain Owen Farrell at flyhalf. Jamie George, Bevan Rodd, Dan Cole, David Ribbans, Lewis Ludlam, Danny Care, George Ford and Ollie Lawrence are on the bench. The teams met on the opening weekend of the tournament in Marseille, when England won 27-10 despite having Curry sent off after three minutes. England have also won all four of the teams' pool clashes at the World Cup.

Persons: Henry Arundell, Freddie Steward, Marcus Smith, Steve Borthwick, Ellis Genge, Will Stuart, Theo Dan, Ollie Chessum, Sam Underhill, Tom Curry, Ben Earl, Scrumhalf Ben Youngs, Owen Farrell, Jamie George, Bevan Rodd, Dan Cole, David Ribbans, Lewis Ludlam, Danny Care, George Ford, Ollie Lawrence, Borthwick, Smith, Arundell, Steward, Curry, Joe Marchant, Manu Tuilagi, Ben Youngs, Maro Itoje, Lewis Ludlum, Mitch Phillips, Christian Radnedge Organizations: England, Argentina, South, openside, Springboks, Twickenham, Thomson Locations: South Africa, flyhalf, Paris, Chile, Marseille, England

☆ South Africa show England how it's won
▼ + stars: | 2023-10-21 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

Rugby Union - Rugby World Cup 2023 - Semi Final - England v South Africa - Stade de France, Saint-Denis, France - October 21, 2023 South Africa's RG Snyman, Deon Fourie and teammates celebrate after the match as South Africa reach the final REUTERS/Sarah Meyssonnier Acquire Licensing RightsPARIS, Oct 21 (Reuters) - England played a wonderful kicking game against South Africa but their inability to score tries and their inferiority in the scrums eventually proved their undoing in their World Cup semi-final loss on Saturday. South Africa won seven of their eight scrums while England could only won three of their seven, and that eventually gave the defending champions the decisive momentum. England have not scored a try against South Africa at a World Cup since the pool phase in 2003. South Africa are current world champions and world number ones for a reason," Borthwick said. It was the second match in a row that South Africa won by a single point after prevailing 29-28 against hosts France last weekend.

Persons: Denis, Deon Fourie, Sarah Meyssonnier, Steve Borthwick's, Owen Farrell, Handre Pollard, Jacques Nienaber's, Ellis Genge, Borthwick, Farrell, Nienaber, It's, Julien Pretot, Hugh Lawson Organizations: Rugby Union, Rugby, England, Stade de France, Saint, Snyman, Rights, South, South Africa, Springbok, France, Thomson Locations: South Africa, France, England

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Oct 17 (Reuters) - Bank of America (BAC.N) reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter. Unrealized losses have come under closer scrutiny by investors since March. "All of these are unrealized losses are on government- guaranteed securities," Bank of America's chief financial officer, Alastair Borthwick, told reporters on conference call discussing third-quarter earnings. JPMorgan Chase (JPM.N) had unrealized losses of $40 billion in its HTM portfolio in the third quarter. If banks have intention to hold debt securities until maturity they keep them in held to maturity portfolio.

Persons: Carlo Allegri, Alastair Borthwick, JPMorgan Chase, Saeed Azhar, Nupur Anand, Tatiana Bautzer, Manya Saini, Lananh Nguyen, Megan Davies Organizations: of America, REUTERS, Bank of America, U.S, Silicon Valley Bank, Bank of, JPMorgan, Citigroup, Thomson Locations: Manhattan, New York City , New York, U.S, Silicon, Banks

☆ Bank of America tops profit estimates on better-than-expected interest income
▼ + stars: | 2023-10-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Bank of America said interest income rose 4% to $14.4 billion, roughly $300 million more than analysts had anticipated, fueled by higher rates and loan growth. Shares of Bank of America rose 1% in premarket trading. Bank of America was supposed to be one of the biggest beneficiaries of higher interest rates this year. Those securities lost value as interest rates climbed.

Persons: Brian Moynihan, Moynihan, That's, —, Alastair Borthwick, Wells, Morgan Stanley Organizations: of America, Revenue, Bank of America, U.S, Treasury, JPMorgan Chase, JPMorgan, Citigroup Locations: LSEG, Charlotte , North Carolina, Wells Fargo

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. Revenue at BofA's consumer banking unit rose 6% to $10.5 billion in the third quarter. BofA's investment banking and trading units outperformed. Total investment banking fees rose 2% to $1.2 billion, bucking an industry-wide slump. Sales and trading revenue was up 8% to $4.4 billion in the third quarter to its highest in more than a decade.

Persons: Carlo Allegri, Brian Moynihan, BofA, Alastair Borthwick, Borthwick, Wells, Manya Saini, Nupur Ananad, Saeed Azhar, Lananh Nguyen, Anil D'Silva Organizations: of America, REUTERS, Bank of America, U.S, Federal Reserve, Lending, JPMorgan Chase, Citigroup, Thomson Locations: Manhattan, New York City , New York, U.S, NII, Bengaluru, Nupur, New York

☆ Irrepressible Earl drives England into World Cup last four
▼ + stars: | 2023-10-15 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

MARSEILLE, France, Oct 15 (Reuters) - Owen Farrell was the official man of the match but not an England fan leaving the Marseille Velodrome is likely to have looked beyond Ben Earl for the outstanding player in England's 30-24 World Cup victory over Fiji on Sunday. "After we played Fiji at Twickenham we got told we wouldn't get out the group, but now we are in the semi-final, one of the best four teams in the competition. Jones preferred the bulk of Vunipola to the athleticism Earl brings to the role and Borthwick also took a while to be convinced. However, as a rare bright light in a dismal series of warm-up games the 25-year-old Earl forced his way into the starting team and has been superb at the World Cup. I don't like to pick out individuals after such a team effort today but he certainly played a big part."

Persons: Owen Farrell, Ben Earl, Farrell, Steve Borthwick, Billy Vunipola, I've, Earl, wouldn't, Eddie Jones, Jones, Borthwick, Saracen Farrell, Mitch Phillips, Ed Osmond Organizations: Marseille, Fiji, Sunday, Twickenham, Saracens, Thomson Locations: MARSEILLE, France, England, England's, Vunipola

☆ Farrell kicks England into semis with classic win over Fiji
▼ + stars: | 2023-10-15 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Centres Manu Tuilagi and Joe Marchant scored tries as England led 24-10 early in the second half on the back of their most impressive performance for years. However, in classic style, Fiji scored two tries in four minutes to change the mood, only for England, thanks to surging runs by outstanding number eight Ben Earl, to regain a lead they held on to in a dramatic finale. England reached their sixth World Cup semi-final and will go in search of a fifth final appearance when they meet France or South Africa. "There was obviously a spell where Fiji scored two back-to-back tries, which Fiji can do probably better than anyone else in the world. For most of the match, a fired-up England were unrecognisable from the team who looked so lacklustre against Samoa last week.

Persons: Farrell, Captain Owen Farrell, Manu Tuilagi, Joe Marchant, Ben Earl, England, Steve Borthwick, Simon Raiwalui, Marchant, Viliame Mata, Peni Ravai, Vilimoni, Simione, Earl, Vilimoni Botitu, Mitch Phillips, Ed Osmond Organizations: Fiji, France, Islanders, Samoa, Twickenham, England, Blacks, Thomson Locations: South Africa MARSEILLE, France, England, South Africa, Fiji, Paris

☆ England set to drop Ford, start Smith at fullback in Fiji quarter-final
▼ + stars: | 2023-10-12 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

MARSEILLE, France, Oct 12 (Reuters) - England coach Steve Borthwick looks set to make radical changes for Sunday's World Cup quarter-final against Fiji by dropping George Ford and starting Marcus Smith at fullback, strengthening his midfield defence and injecting some energy into the attack. However, while his defence and aerial skills are superior to Smith's, Steward has shown little in attack - though he is far from alone there. Defence generally has not been the issue for England as they racked up four wins in a row. Before the Samoa game they had the best defence in the tournament and had conceded only one try. England have made the second-fewest carries (108.8) for the second-fewest metres (461.3), they rank sixth for defenders beaten (22.5) and last for offloads (5.8).

Persons: Steve Borthwick, George Ford, Marcus Smith, Borthwick, Ford, Owen Farrell, Smith, Freddie Steward, Steward, Manu Tuilagi, Joe Marchant, Elliot Daly, Henry Arundell, Jamie George, Mitch Phillips, Ken Ferris Organizations: Fiji, Harlequins, Samoa, Fijians, Defence, England, Thomson Locations: MARSEILLE, France, England, Chile, Samoa, Portugal

☆ After treatment at US military hospital, volunteers for Ukraine return to fight
▼ + stars: | 2023-10-12 | by ( Andrew Hay | ) www.reuters.com time to read: +4 min

US COMMITMENT TO UKRAINETreating the wounded volunteers at Landstuhl represents another level of U.S. commitment to Ukraine. Thousands of foreign volunteers headed to Ukraine after Russia’s February 2022 invasion and are now fighting with regular Ukraine army units and a foreign legion. Dozens of foreign volunteers are wounded each month, according to the four fighters interviewed by Reuters. Of 20 Ukrainian Army patients admitted so far, nearly all since August, 16 have been foreign volunteers, according to Marcy Sanchez, a spokesman for the hospital. "The bureaucracy is just horrendous," said Craig Borthwick, lead medic for ReactAid, explaining the many layers of military, medical and government authorizations required.

Persons: Jumbo, directionless, Biden, Rachel Jamison, Meaghan Mobbs, Marcy Sanchez, ReactAid, Craig Borthwick, David Bramlette, Nathan Chan, we're, Andrew Hay, Phil Stewart, Donna Bryson, Diane Craft Organizations: Landstuhl Regional Medical, Ukrainian Army, . Military, U.S, Marine, RT Weatherman, Jumbo, Landstuhl Regional Medical Center, United State's, Reuters, Russia, Marines, Landstuhl, Kyiv, Russia’s, Ukraine, Weatherman, Ukrainian, Ukrainian Armed Forces, U.S . Army, Green Beret, Thomson Locations: Germany, United States, Russian, Ukraine, U.S, UKRAINE

☆ We will be different team against Fiji, says England's George
▼ + stars: | 2023-10-11 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

"Last weekend wasn't good enough, it was poor, but we have had a really good open and honest review," George told reporters. You'll see a very different England team on Sunday." George, a British and Irish Lion and veteran of many big games with Saracens, said the England team were embracing the occasion as they seek to improve on their run to the final four years ago. Fiji have improved their all-round game, particularly the scrum, but their lineout still looks vulnerable and is an area England expect to dominate. "The way Portugal targeted their line-out was something that was very interesting and especially how they go about it," George said.

Persons: Jamie George, George, Danny Care, George Kruis, Steve Borthwick, Elliot Daly, we’ve, Mitch Phillips, Ed Osmond Organizations: Samoa, Fiji, Irish Lion, Saracens, England, Twickenham, Thomson Locations: MARSEILLE, France, British, Fiji, England, Portugal

☆ Five-try Arundell stars as England thrash Chile 71-0
▼ + stars: | 2023-09-23 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +4 min

England, who made 12 changes from the starting line-up against Japan, scored 11 tries, including five for 20-year-old winger Arundell that equalled an England record, albeit against the lowest ranked team in the tournament playing at their first World Cup. Samoa and Japan have five, Argentina four and Chile are yet to register after three defeats. It was one-way traffic by then and Arundell got his fourth, chipping and gathering his own kick. Chile showed touches of ambition in the first half but never really threatened and were chasing shadows after the break. Their coach Pablo Lemoine, who scored a try for Uruguay against England in that 2003 match, said: "I'm not really disappointed, that's reality.

Persons: Winger Arundell, debutants Smith, Winger Henry Arundell, Steve Borthwick, Arundell, Owen Farrell, Marcus Smith, Smith, Marcus, Theo Dan, Bevan Rodd, Matias Dittus, maul, Dan, Elliot Daly, George Ford, Farrell, England's, Josh Lewsey, Rory Underwood, Daniel Lambert, Ford, Jack Willis, Borthwick, Freddie Steward, Pablo Lemoine, Philip Blenkinsop, Ken Ferris, Clare Fallon Organizations: England, LILLE, Japan, Wales, Samoa, Ford, Fiji, France, Thomson Locations: France, England, Chile, Marseille, Australia, Fiji, Samoa, Japan, Argentina, flyhalf, Uruguay

☆ England coach sees new options after three flyhalves test
▼ + stars: | 2023-09-23 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

LILLE, France, Sept 23 (Reuters) - England coach Steve Borthwick said playing three flyhalves for part of Saturday's 71-0 thrashing of Chile had brought a new dimension to his side that he could deploy again in future. "As I've been saying for quite a long period now I think this squad is packed full of talent and it's packed full of different options. The England coach also praised 20-year-old man of the match Henry Arundell, who equalled an England record of five tries. Saturday's victory means England have taken a decisive stride towards the quarter-finals. The England coach did not give hints on his team for their next test against the Samoans in two week's time, insisting the Chile match should not be viewed as a try out of reserves but instead as proof of the depth of England's squad.

Persons: Steve Borthwick, George Ford's, Marcus Smith, Borthwick, Ford, Owen Farrell, Smith, I've, Owen, George, Marcus, Henry Arundell, Tom Curry's, Philip Blenkinsop, Ken Ferris Organizations: LILLE, England, Samoans, Thomson Locations: France, England, Chile, Argentina, Japan, Samoa

☆ Wall Street bosses see deal drought easing as IPOs spur optimism
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

[1/2] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Goldman Sachs (GS.N) CEO David Solomon told Reuters in an interview on Tuesday that the optimism that the U.S. economy will avoid a recession is prompting capital markets to reopen. "The environment is definitely better," said Solomon, who noted that Goldman was involved in most of the share offerings. Venkatakrishnan told investors at a conference in New York. The dealmaking slowdown had prompted thousands of layoffs at investment banks, including at Morgan Stanley (MS.N), Goldman Sachs and Citigroup (C.N) in recent months.

Persons: Goldman Sachs, David Solomon, Brendan McDermid, Solomon, Goldman, Instacart, we'll, C.S, Venkatakrishnan, Morgan Stanley's, Dan Simkowitz, BofA, Alastair Borthwick, Morgan Stanley, Tatiana Bautzer, Lananh Nguyen, Mark Porter, Jamie Freed Organizations: Goldman, REUTERS, Reuters, Arm Holdings, underwriters, Barclays, Bank of America, Citigroup, Thomson Locations: New York City, U.S, British, New York

☆ Bank of America says Q3 investment banking fees down 30%-35% for sector
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

A person walks past a Bank of America sign in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Sept 11 (Reuters) - Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America (BAC.N) will fare better than that average, its chief financial officer said on Monday. "We'll do slightly better than that," Alastair Borthwick told the Barclays Financial Services Conference, referring to investment banking fees for the industry. BofA in July posted strong gains for investment banking in the second quarter with net income surging 76% to $2.7 billion. Reporting by Saeed Azhar and Pritam Biswas; editing by Jonathan Oatis and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Alastair Borthwick, BofA, Saeed Azhar, Pritam Biswas, Jonathan Oatis, Deepa Babington Organizations: Bank of America, REUTERS, Investment, Barclays Financial Services, Thomson Locations: Manhattan, New York City , New York, U.S

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