Former Credit Suisse chief Tidjane Thiam defends his record

Former Credit Suisse chief executive Tidjane Thiam has defended his record at the Swiss lender despite the litany of crises that have hammered the bank since his departure.

Shares in the group hit a 30-year low on Tuesday morning, extending their decline to more than 35 per cent since the bank announced a radical restructuring and SFr4bn ($4.2bn) capital raise last month.

A year after Thiam left Credit Suisse in 2020 following a damaging corporate espionage scandal, the bank was forced to close $10bn of supply chain finance funds linked to the defunct company Greensill Capital. It was also hit

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Integreon Announces New Chief Executive Officer

Global Technology Services Leader Subroto Mukerji to fuel Integreon’s growth leveraging technology and innovation

FARGO, N.D. and LONDON, Nov. 28, 2022 /PRNewswire/ — Integreon, a trusted worldwide provider of legal and business outsourced services, announced today that global technology services leader Subroto Mukerji has been appointed Chief Executive Officer.  Integreon is majority owned by investment funds managed EagleTree Capital.

As a veteran of the technology services industry, Subroto joins Integreon from Rackspace Technology, where he was most recently President of the Americas region, after previously serving as its Chief Operating Officer. Under Subroto’s leadership, Rackspace Technology emerged as one

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Fanatics hires finance chief for sports-betting division before launch

Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming.

Source: Fanatics

Fanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five years after the Supreme Court overturned the rule preventing states from legalizing bets on sporting events.

The sports platform and e-commerce company, which has been valued at more than $27 billion, said Tuesday it hired Andrea Ellis to be the chief financial officer of its betting and gaming division. Fanatics CEO Michael Rubin said last week the company expects to launch the unit in January.

Fanatics enters a crowded market in an

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Liz Truss fires Treasury chief and makes U-turn on tax cuts to calm markets : NPR

Journalists raise their hands for questions as Britain’s Prime Minister Liz Truss holds a news conference in the Downing Street Briefing Room in central London, Friday. Truss let go her finance chief Kwasi Kwarteng and reversed course on sweeping tax cuts.

Daniel Leal/AP


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Journalists raise their hands for questions as Britain’s Prime Minister Liz Truss holds a news conference in the Downing Street Briefing Room in central London, Friday. Truss let go her finance chief Kwasi Kwarteng and reversed course on sweeping tax cuts.

Daniel Leal/AP

LONDON — British Prime Minister Liz Truss fired

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Deloitte Not Ready to Practice Law in U.S., Tax Unit Chief Says

Deloitte is downplaying the possibility of using state changes in legal service ownership rules to more aggressively compete against Big Law in the U.S.

“We are monitoring these developments,” said Steve Kimble, U.S-based CEO of Deloitte Tax, in a recent interview. “At this point in time, though, we just don’t believe it’s practical to enter the practice of law.”

The comments dampen speculation by industry observers that ownership changes states are adopting will entice Deloitte and others in the Big Four—KPMG, PwC, and EY—to tap into the largest global legal market they’ve up until now been forbidden from entering.

Arizona,

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