DIRS.INFO The most relevant business & tech news

Teri Garr, the Oscar-nominated comedic actor best known for her spirited performances in classics such as "Young Frankenstein," "Close Encounters of the Third Kind" and "Tootsie," died Tuesday in Los Angeles, according to her publicist and friend Heidi Schaeffer. Marty Feldman, Gene Wilder and Teri Garr in "Young Frankenstein." Teri Garr in 1992. "The person I always think of is Teri Garr," Tina Fey was once quoted as saying. "There was a time when Teri Garr was in everything.

Persons: Teri Garr, Oscar, Young, Heidi Schaeffer, Schaeffer, Garr, Johnny Carson, Elvis Presley, Francis Ford Coppola's, Gene Wilder's, Inga, Mel Brooks, Marty Feldman, Gene Wilder, Steven Spielberg, Richard Dreyfuss, Dustin Hoffman's, Martin Scorsese, Robert Altman, Porter, Coppola, Michael Keaton, Lisa Kudrow's, NBC Teri Ann Garr, Jack Nicholson, Garr's, Sonny, Cher, Garr's doggedness, Pauline Kael, there’s, Tina Fey Organizations: Hollywood, NBC, Yorker, CBS, Getty, CNN Locations: Los Angeles, bewilderment, Ohio, New York City

☆ Teri Garr, star of ‘Young Frankenstein’ and ‘Tootsie,’ dead at 79
▼ + stars: | 2024-10-29 | by ( Alli Rosenbloom | Dan Heching | ) edition.cnn.com time to read: +4 min

CNN —Teri Garr, an Oscar-nominated actress known for her work in films like “Young Frankenstein,” “Tootsie” and “Mr. Marty Feldman, Cloris Leachman, Gene Wilder and Teri Garr in "Young Frankenstein." Actress Teri Garr was diagnosed with multiple sclerosis in 1999. Throughout the ’90s, Garr appeared in 1991’s “Good & Evil,” 1994’s “Good Advice” and 1995’s “Women of the House.”Garr was known for her slightly addled and zany comic timing, which naturally made her the perfect candidate to play mother to Lisa Kudrow’s Phoebe Buffay on “Friends.” Garr appeared in three episodes total over the third and fourth seasons. Garr’s final credit came in 2011 when she appeared on the TV series “How to Marry a Billionaire.”This is a developing story and will be updated.

Persons: Teri Garr, Oscar, “ Young, ”, Garr, Marc Gurvitz, ” Garr, there’s, Sonny, Cher, Dick Van Dyke, Bob Newhart, Marty Feldman, Cloris Leachman, Gene Wilder, Inga, Mel Brooks, “, Frankenstein, Madeline Kahn, Ronnie Neary, Richard Dreyfuss, Steven Spielberg’s, Dustin Hoffman‘s, Caroline Butler, Mom ”, Michael Keaton, who’s, Lisa Kudrow’s Phoebe Buffay, “ Felicity, Bonnie, Mary McGinnis, Sandy Gordon, Scooby Organizations: CNN, Fox, Everett, Columbia Pictures Industries Locations: Los Angeles, Hollywood

☆ The only 8 things a former Starbucks barista orders in the fall
▼ + stars: | 2024-10-02 | by ( Inga Parkel | ) www.businessinsider.com time to read: +1 min

I was a Starbucks barista for nearly a year, so I've tasted plenty of the popular seasonal items. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Luckily, I worked as a barista at the coffee chain for nearly a year, so I've tried pretty much everything. Now that there's a nice crisp in the air, here are the only things I order at Starbucks in the fall.

Persons: I've, — Organizations: Service, Starbucks

☆ 7 things Starbucks customers should stop wasting money on, according to a former barista
▼ + stars: | 2024-06-26 | by ( Inga Parkel | ) www.businessinsider.com time to read: +5 min

Read previewI worked as a Starbucks barista for nearly a year, and I became extremely familiar with just how expensive the popular coffee chain is. As a stingy spender, I made several mental notes on ways customers would unnecessarily waste their money during my shifts. If I find irresistible merchandise, I'll take advantage of the Starbucks rewards program. If you're looking for a caffeine fix, stop wasting your money on hot venti lattesGrande and venti lattes have the same amount of espresso. Stop paying for bottled waterI've always been baffled by people who insist on buying bottled water from Starbucks.

Persons: —, spender, Nadir Keklik, Michael Probst, It's, they're, Ramin Talaie Organizations: Service, Business, AP, Americano, Getty, Starbucks

☆ An influencer is slammed for having a 'wasteful' and 'polluting' gender reveal party that saw a trio of airplanes leaving smoke-like trails in the sky
▼ + stars: | 2024-04-10 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

A Lithuanian influencer has social media users riled up after posting a video of her gender reveal. AdvertisementLithuanian influencer Inga Stumbriene has faced backlash online after she shared videos of her and her husband's gender reveal party. Related stories"Thanks for killing the planet," one Instagram user commented on the influencer's post. "This gender reveal made me sad, it's just so wasteful," said another. Gender reveal parties have become more extravagant and, in some cases, more dangerous in recent years.

Persons: —, Inga Stumbriene, Rolandas, Stumbriene Organizations: Service Locations: Lithuania, Arizona

☆ These niche funds provide investors with steady monthly payments in retirement
▼ + stars: | 2024-03-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Some investors looking for steady income in retirement are turning to managed payout funds. There are just a handful of these niche mutual funds, which pay monthly income to investors, Morningstar portfolio strategist Amy Arnott said. Schwab offers three such funds: Schwab Monthly Income Fund - Income Payout (SWLRX), Schwab Monthly Income Fund - Flexible Payout (SWKRX) and Schwab Monthly Income Fund - Target Payout (SWJRX). The Schwab Monthly Income Fund - Target Payout (SWJRX), on the other hand, aims to offer a 5% annual payout. Managed payout funds are not offered in many defined contribution plans, such as 401(k)s. In fact, a 2022 Cerulli survey of defined contribution plan consultants showed just 17% of the plans offered any managed payout funds.

Persons: Morningstar, Amy Arnott, Schwab, Inga Rachwald, Schwab's, Morningstar's Arnott, Rachwald, Arnott, Brett Lozowski, doesn't Organizations: Schwab, Income, Schwab Asset Management, Planning Partners

☆ I'm a former Starbucks barista. These 5 drinks are so overrated — here's what to order instead.
▼ + stars: | 2024-02-22 | by ( Inga Parkel | ) www.businessinsider.com time to read: +4 min

If you like the Pink Drink, you should try the even better Mango Dragonfruit Refresher. Starbucks' Caramel Apple Spice is much better than its Pumpkin Spice Lattes. Mary Meisenzahl/InsiderThe most anticipated holiday drink is the Pumpkin Spice Latte, but the real MVP for autumn is the Caramel Apple Spice. Nitro cold brew is basically a smoother, less watery version of regular cold brew — it's pre-chilled, so ice is omitted from the drink. The Pink Drink is overrated – Mango Dragonfruit is the best Refresher If you like the Pink Drink, try some other Refreshers.

Persons: —, Mary Meisenzahl, Frappuccino, Paige DiFiore Organizations: Service, Starbucks Locations: mocha

☆ I worked at Starbucks for a year. Here are 10 of the best things to order from the coffee chain.
▼ + stars: | 2024-02-06 | by ( Inga Parkel | ) www.businessinsider.com time to read: +5 min

I prefer things to be sweet and cold, but you can use these recommendations as a baseline and adjust your order to your own preferences. Read on for my favorite things to order at Starbucks. ShutterstockAn iced caramel macchiato is currently my favorite order when I'm looking for a fancier drink — as long as the barista doesn't skimp out on the caramel drizzle (the most important part). A classic soy-milk latte is the perfect pick-me-upI'll order a soy latte hot or iced. The glazed doughnuts are the perfect companion to a cup of coffeePastries are one of my favorite things to pair with coffee.

Persons: —, I've, Abigail Abesamis, James Andrews1, I'm, Mary Meisenzahl Organizations: Service, Starbucks, Business, creamer Locations: Chicago, scone, Gouda

LONDON, Nov 29 (Reuters) - Swiss insurer Baloise (BALN.S) is in talks to sell around 1 billion euros ($1.1 billion) of life insurance policies in Belgium, two people familiar with the matter told Reuters. The efforts come as other traditional insurers sell non-core portfolios with a view to freeing up capital held against those liabilities. In 2020, the Swiss group purchased the non-life insurance operations of Apollo-backed Athora. Baloise saw premiums in its non-life insurance business grow by close to 6% in the first nine months of the year to 3.4 billion Swiss francs ($3.9 billion) globally. However, life insurance premiums dropped more than 4% to 2.9 billion francs during the same period, according to its latest earnings release.

Persons: Baloise, Pablo Mayo, Paul Arnold, Anousha Sakoui, Mark Potter Organizations: Baloise, Reuters, The, ING Groep, ING, Aegon, Royal London, Swiss, Apollo, Fidea, Pablo Mayo Cerqueiro, Thomson Locations: Belgium, The Basel, London, Zurich

☆ Exclusive: Four banks quit initiative assessing climate targets
▼ + stars: | 2023-11-29 | by ( Tommy Wilkes | ) www.reuters.com time to read: +5 min

LONDON, Nov 29 (Reuters) - Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter. Many lenders say they should finance fossil fuels as long as economies depend on them. The spokesperson added that Standard Chartered was seeking alternative third-party validation of its climate targets and that it was setting science-based targets through the NZBA. It will still require them to cease the financing of fossil fuel projects that would weigh on their longer-term emissions targets. Credit Agricole (CAGR.PA), ING (INGA.AS), BBVA (BBVA.MC) and Swedbank (SWEDa.ST) told Reuters they remained committed to SBTi validating their emissions targets.

Persons: SBTi, SBTi's, Pietro Rocco, haven't, it's, Rocco, Tommy Reggiori Wilkes, Simon Jessop, Josie Kao Organizations: Standard Chartered, HSBC Plc, United, Societe Generale SA, ABN Amro Bank, Zero Banking Alliance, HSBC, Societe Generale, ABN Amro, Reuters, Credit, ING, BBVA, NatWest, Commerzbank, BNP, Allianz, Alliance, Zero, Carbon Trust, Thomson Locations: United Nations, Nations, Paris, U.S, decarbonising, London

☆ Dutch election: what's at stake for markets after far-right Wilders' victory
▼ + stars: | 2023-11-23 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +5 min

Dutch politician Geert Wilders, the leader of the PVV party, speaks during the final debate between the lead candidates in the Dutch election before polls open on Wednesday, in The Hague, Netherlands, November 21, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsAMSTERDAM, Nov 23 (Reuters) - A shock win for Geert Wilders's far-right, anti-EU Freedom Party in Dutch elections has set the stage for months of uncertainty. However, Wilders took a more pragmatic approach during the campaign and he will need to collaborate with pro-EU parties if he wants to govern. Opponents of a critical pension fund reform, which went into effect in July, now have a majority in parliament. There is broad support for raising taxation on banks, including from Wilders' party, which also backs taxing lenders' windfall profits from higher interest rates.

Persons: Geert Wilders, de, Geert Wilders's, Mark Rutte, Wilders, Marcel Klok, Klok, WILDERS, Rutte, van Zanden, Rabobank's van Zanden, Banks, ING's Klok, Joost Beaumont, Yoruk, Amanda Cooper, Toby Chopra Organizations: REUTERS, Rights, EU, Party, ING, European Union, Rabobank, ABN AMRO, Thomson Locations: The Hague, Netherlands, Dutch, Europe

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.

Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto

☆ Vodafone will struggle to get clean exit in Spain
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville Acquire Licensing RightsLONDON, Oct 30 (Reuters Breakingviews) - Vodafone’s (VOD.L) boss Margherita Della Valle is cleaning up the sprawling 21 billion pound telecom group, but it’s a tough job. A potentially messy exit in Spain illustrates the point. Della Valle lacks an obvious partner in the country: local giant Telefónica (TEF.MC) is too big, while rivals Orange (ORAN.PA) and MásMóvil are merging with one another. As a result, Vodafone may have found itself a potentially problematic counterparty for the Spanish business, which Della Valle has put under strategic review. Investors might be reassured that Della Valle is making things happen, but a clean break in Spain looks increasingly unlikely.

Persons: Toby Melville, Margherita Della Valle, Della Valle, Eamonn O’Hare, Expansión, Zegona, Pamela Barbaglia, Liam Proud, Streisand Neto Organizations: Vodafone, REUTERS, Reuters, Orange, Zegona Communications, Virgin Media, Bloomberg, Deutsche Bank, ING, Reuters Graphics Reuters, X, Thomson Locations: London, Britain, Spain

☆ Kimberly García: Peruvian racewalker has world record taken away after course was measured incorrectly
▼ + stars: | 2023-10-30 | by ( Samuel Joseph | ) edition.cnn.com time to read: +3 min

CNN —It appeared that Kimberly García of Team Peru had absolutely smashed a world record in the 20km racewalk event at the 2023 Pan American games – until it was revealed that the course had been measured incorrectly. Andy Lyons/Getty ImagesThe corporation acknowledged that it hired Mr. Ithurralde, but only after he was appointed for duty by the APA. The final classification of the results still stands, meaning that García and her fellow competitors are permitted to keep their medals. Ranking points used for qualification for the 2024 Paris Olympics are handed out based on race times and finishing position – which the athletes who participated in Sunday’s race will now not receive. “I have never seen anything like that before,” Canada’s Evan Dunfee, who competed in the men’s race, told Reuters.

Persons: Kimberly García, García, China’s Yang Jiayu, Glenda Morejón, García’s, Evelyn Inga, Marcelo Ithurralde, Andy Lyons, Ithurralde, “, ” Canada’s Evan Dunfee, “ We’ve, “ It’s, that’s, ” Organizations: CNN, Team Peru, Pan, Association of Pan American, “, Association of Pan American Athletics, APA, Getty, Reuters, ” Reuters Locations: Ecuador, Santiago , Chile, Santiago, Parque O’Higgins, Paris

☆ Garcia golden after Pan Am Games race walk comes up short
▼ + stars: | 2023-10-29 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

SANTIAGO, Oct 29 (Reuters) - Peru's Kimberly Garcia won gold in the Pan American Games women's 20 kilometre race walk on Sunday but her time was voided after it was discovered the course was several kilometres short. Ecuador's Glenda Morejon took silver and Peru's Evelyn Inga bronze after completing a route which athletes believe was about 3km short. With women's event completed and the men's race about to get underway organisers delayed the start for over an hour to quickly remeasure the route to the official distance. Ecuador's Alexander Hurtado would win the men's gold in 1:19.20 just four seconds ahead of world championship bronze medallist Caio Bonfim of Brazil. "The expert commissioned by APA, Mr. Marcelo Ithurralde, did not take accurate measurements of the route the athletes took during the race.

Persons: SANTIAGO, Peru's Kimberly Garcia, Garcia, Ecuador's Glenda Morejon, Evelyn Inga bronze, Ecuador's Alexander Hurtado, Caio Bonfim, Marcelo Ithurralde, Steve Keating Organizations: Pan American, Lima Pan Am, Pan American Athletics Association, APA, Pan American Sport Organisation, Thomson Locations: Lima, Brazil, Parque O'Higgins, Santiago

☆ Mirror, Mirror on the Wall, Cock-a-Doodle-Doo
▼ + stars: | 2023-10-25 | by ( Darren Incorvaia | ) www.nytimes.com time to read: +2 min

“They are way smarter than you think,” Ms. Hillemacher said. Now, in a study published in the journal PLOS One on Wednesday, Ms. Hillemacher and her colleagues say they have found evidence that roosters can recognize themselves in mirrors. The mirror test is a common, but contested, test of self-awareness. The mirror test has since been used to assess self-recognition in many other species. But different cognitive processes are active in different situations, and there’s no reason to think that the mirror test is accurate for animals with vastly different sensory abilities and social systems than what chimps have.

Persons: Sonja Hillemacher, Ms, Hillemacher, Gordon Gallup, —, ”, Onur Güntürkün, Inga Tiemann Organizations: University of Bonn, Ruhr University Bochum Locations: Germany

☆ Insurance companies have discovered devious new ways to rip you off
▼ + stars: | 2023-10-23 | by ( Jathan Sadowski | ) www.businessinsider.com time to read: +16 min

Unfortunately, as premiums for everything from home insurance to car insurance skyrocket, more of us are being forced to dwell on the opaque and convoluted insurance industry. AdvertisementAdvertisementTo determine that magic price tag, insurance companies drill down into the nitty-gritty details of your life. I'll go even further: To boost their own profits, insurance companies are becoming increasingly antisocial and antagonistic. To boost their own profits, insurance companies are becoming increasingly anti-social and antagonistic. The stuff of insurance is far too important to be left to the insurance industry.

Persons: Søren Holm, Duncan Minty, Kengo Sakurada, you've, Colm Holmes, —, Holmes, Inga Beale, Beale, ProPublica, Cigna Organizations: Consumers, Caliber, Insurance, Sompo Holdings, Aviva, Allianz Holdings —, of Actuaries, State Farm, Farm, New York Times, of Information Technology, Monash University Locations: London, State

☆ This US-based couple bought a cheap apartment in France to give their kids a different upbringing
▼ + stars: | 2023-09-07 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

CNN —Splashing out an apartment in the south of France and renovating it yourself may sound like a difficult – and hugely expensive – task. The couple spent a year or so completing the renovations themselves, which involved putting in new flooring and repainting the walls, as well as transforming the annex area into a bedroom for their children. Meanwhile, Rixa spent most of any free time she had looking for pre-used items, including dishes, for their new place. Frugal livingEric and Rixa purchased this former Communist office in Old Nice in 2020, six years after buying the apartment over it. Courtesy Margarite FisherHe also points out that Old Nice is a place that “preceded cars” so it has much more of a neighborhood feel and lots of shared outdoor space.

Persons: Eric Freeze, Rixa, Dio, Inga, ”, Eric, “ It’s, they’d, Jeunes Communistes, “, they’ve, Eric ., Rixa’s, ’, Chateau, Margarite Fisher, It’s, they’re, They’re, they've, it’s, ” Eric, Zari, Ivy, Armando Nevarez “, that’s Organizations: CNN, Communist, “ Young Communists, French Communist Party, “, UNESCO Locations: France, Canada, Old Nice, Nice, Indianapolis, Indiana, French

☆ Swiss Re nominates new chairman after Ermotti goes to UBS
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, July 12 (Reuters) - The insurer Swiss Re (SRENH.S) said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The reshuffle is part of the continuing fallout from Swiss authorities' rescue of Credit Suisse in a shotgun merger with UBS and new management at the helm. De Vaucleroy, a Belgian previously with management roles at the French insurer AXA (AXAF.PA) and the Dutch bank ING (INGA.AS), has been acting as chairman since Ermotti left the chairmanship in April. Following the board's nomination, de Vaucleroy will stand for election as chairman in April at the company's annual general meeting. Reporting by Tom Sims and Oliver Hirt Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Jacques de Vaucleroy, Sergio Ermotti, De Vaucleroy, Ermotti, Vaucleroy, Tom Sims, Oliver Hirt, Miranda Murray Organizations: Swiss, UBS, Credit Suisse, AXA, ING, Swiss Re, Thomson Locations: FRANKFURT, Belgian, Dutch

☆ ECB warns of hit to top European banks if funds run into trouble
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

The biggest risk it identified was that shadow banks withdrew their funds from banks, such as deposits and repurchase agreements. These account for 13% of all traditional banks' liabilities -- or more for larger banks. This could happen if the shadow banks -- or non-bank financial intermediaries (NBFI) in the regulators' jargon -- were themselves hit by outflows or lost confidence in a bank. Other spillover channels included forced sales of assets by shadow banks, which would cause losses at traditional banks because their portfolios often overlap or are correlated, the ECB said. It added that distress at systemically important lenders would also spell trouble for shadow banks.

☆ UCI to reopen talks on transgender policy after Killips' win in New Mexico
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

May 4 (Reuters) - The governing body of cycling (UCI) has agreed to "re-open consultation" around transgender women competing in elite female events. The decision was prompted by American Austin Killips becoming the first transgender rider to win a UCI women's stage race. "The UCI's objective remains the same: to take into consideration... the desire of transgender athletes to practice cycling. "The UCI also hears the voices of female athletes and their concerns about an equal playing field for competitors, and will take into account all elements, including the evolution of scientific knowledge." The UCI toughened its rules for transgender women to compete in its events last year, halving the maximum permitted plasma testosterone level to 2.5 nanomoles per litre and doubling the transition period to 24 months.

☆ Austin Killips: Cycling governing body defends transgender policy after first openly trans woman wins Tour of the Gila
▼ + stars: | 2023-05-03 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Cycling’s governing body – the UCI – has defended its transgender policy after Austin Killips won overall victory in the recent Tour of the Gila in New Mexico. Killips is the first openly transgender woman to win an official UCI women’s stage race, according to the Tour of the Gila website. Killips also won the Queen of the Mountains polka dot jersey, which is awarded to the best climber. “The UCI acknowledges that transgender athletes may wish to compete in accordance with their gender identity,” the governing body said in a statement sent to CNN on Wednesday. Among the critics of Killips’ victory on Sunday was former Olympic cyclist Inga Thompson, who said on Twitter that the UCI is “effectively killing off women’s cycling” with its policy on transgender athletes competing in women’s categories.

☆ UCI defends transgender policy after Killips victory
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - Cycling's governing body the UCI has defended its policy on transgender athletes competing in female events after American Austin Killips fuelled the debate by winning the Tour of the Gila in New Mexico on Sunday. The 27-year-old Killips won the fifth and final stage of the race to become the first transgender cyclist to triumph in an official UCI stage race. In a statement on Tuesday the UCI said: "The UCI acknowledges that transgender athletes may wish to compete in accordance with their gender identity. "The UCI rules are based on the latest scientific knowledge and have been applied in a consistent manner. British Cycling changed its rules last year to ban transgender women from elite races, pending a full review.

☆ Boomerang UBS boss ticks several important boxes
▼ + stars: | 2023-03-29 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

That’s the best explanation for why Chair Colm Kelleher on Wednesday said the Swiss bank was replacing CEO Ralph Hamers with erstwhile boss Sergio Ermotti. Though the move violates several corporate-governance red lines, it improves the group’s chances of successfully absorbing stricken rival Credit Suisse (CSGN.S). Nor was his hesitant delivery in a call with analysts after announcing the Credit Suisse deal. During his previous spell in charge, UBS held talks with Deutsche Bank (DBKGn.DE) and discussed a merger with Credit Suisse. Ermotti, a Swiss national, led the Swiss bank for nine years, departing in late 2020, and is currently chair of Swiss Re.

☆ ING profits grow, bad loans fall, CEO sees margins improving
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +2 min

Core lending growth was a modest 3.1 billion euros, down from 13.4 billion euros in the fourth quarter of 2021. Interest margins were 1.36% versus 1.37% a year ago, but Van Rijswijk said they should improve in 2023. Analysts had forecast net profit at 1.03 billion euros according to data from Refinitiv, up from 945 million euros in the fourth quarter of 2021. Loan loss provisions of 269 million were down 22% from 346 million euros a year ago. Total income rose 5% to 4.87 billion euros thanks to higher rates, offset by lower fees and commissions.

Search resuls for: "Inga"

25 mentions found