Posted on Oct 13, 2020 at 5:29 PMUpdated Oct 13, 2020, 7:18 PM “I do not anticipate a return to normal before the summer of 2021. We will have to live with that” Jamie Dimon, the boss of the first American bank, said a few days ago, referring to the Covid-19 crisis. But the bank […]
Infotech
British Barclays is recruiting at BNP Paribas
Posted on Oct 13, 2020 at 5:26 PMUpdated Oct 13, 2020 6:32 PM The Brexit will not have been right of the aspirations of the British Barclays in France. The investment bank is recruiting from its competitor BNP Paribas, with the arrival of Gauthier Le Milon as mergers & acquisitions manager for France, Belgium and […]
The former owner of Bricorama takes legal action against its minority shareholders
Posted on Oct 22, 2020 at 7:06 p.m.Updated Oct 22, 2020, 7:13 PM The Bourrelier family group, former owner of Bricorama, has been at war with its shareholders for thirteen years. Thirteen years of legal proceedings before the Commercial Court of Créteil. This week, it was at the Paris Court of Appeal that Jean-Claude Bourrelier, […]
Goldman Sachs cuts executive bonuses after $ 2.9 billion fine
Posted on Oct 22, 2020 at 9:06 p.m.Updated Oct 22, 2020, 9:07 PM Double shock announcement from Goldman Sachs. On Thursday, the very influential Wall Street bank for the first time in its 151-year history admitted to having pleaded guilty to the American federal justice system, being fined $ 2.9 billion in the Malaysian 1MDB […]
Short sellers do their TV show
Posted on Oct 23, 2020 at 8:00 a.m. In their communication war with companies, short sellers have a new tool to reach a larger audience and convince them in the direction of their interests, lower prices. These specialists, who are speculating on the decline, now have their own free television channel on the Internet (www.Zer0esTV. […]
Activist Nelson Peltz shakes up the management industry
Posted on Oct 23, 2020 at 12:34 PM Consolidation shows no signs of slowing down in the management sector. Recently, Morgan Stanley paid $ 7 billion to buy Eaton Vance. In France, the future of Lyxor, the management subsidiary of Société Générale, comes back regularly to the table while competitive pressure remains intense. For activist […]
Banks do not reimburse enough for fraud, UFC says
Posted on Oct 22, 2020 at 7:06 p.m. During the lockdown, online shopping and contactless payments exploded. Fraud too. On the other hand, the reimbursement of the latter by the banks did not follow, according to a survey published Thursday by the consumer association UFC- Que Choisir, which says it has seized the authorities. According […]
Parliament waives the change of borrower insurance at any time
Posted on Oct 22, 2020 at 6:52 p.m.Updated Oct 22, 2020 7:52 PM The French are not going to be able to change mortgage insurance at any time to try to make significant savings. On Tuesday, parliamentarians decided not to strengthen as much as some deputies wished competition in the loan insurance market bitterly disputed […]
Short sellers: downside speculation less profitable since Wirecard
Posted on Oct 22, 2020 at 4:54 p.m.Updated Oct 22, 2020 5:33 PM After peaking in activity between March and May, short sellers, who bet on falling stocks, have been less active this summer. They ran 44 campaigns, half of which in two sectors (technology and healthcare) against companies listed in the third quarter according […]
Oil: demand for plastic will support consumption in the next decade
Posted on Oct 13, 2020 at 5:19 PMUpdated Oct 13, 2020 6:28 PM The question that has puzzled the oil planet for years has taken on new importance with the health crisis. Will global crude consumption eventually decline? When and in what proportions? New forecasts from the International Energy Agency (IEA), released on Tuesday, have […]