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Credit Suisse Breaks With Tradition With Lloyds Chairman Pick

2021-01-02T04:53:26Z

LillyHardaway70:

By Brenna Hughes Neghaiwi ZURICH, Dec 1 (Reuters) - Credit Suisse for the first time has reached beyond Swiss borders and [https://www.kynghidongduong.vn/tours/tour-du-lich-le-hoi-yen-tu-chua-ba-vang-quang-ninh-du-lich-yen-tu-tu-ha-noi.html tour chùa yên tử] proposed outgoing Lloyds Bank Chief Executive António Horta-Osório should succeed Urs Rohner, who has spent nearly a decade as chairman. Switzerland's second-biggest bank is seeking to move on from a year of controversy that began with an internal spying scandal that prompted the ouster of former CEO Tidjane Thiam and heightened shareholder censure of Rohner. Under new chair Horta-Osorio, whose appointment must be confirmed by shareholders on Apr. 30, the bank will face outstanding questions over the size of its investment bank and the profitability of its asset management unit. Chief Executive Thomas Gottstein in his first 10 months in the role has announced cost cuts to the investment bank and Swiss business, further consolidating a shift from risky trading to more stable wealth management initiated under predecessor Thiam. He has also flagged a strategy reboot for the bank's ailing asset management. Impairments and legal provisions totalling nearly $900 million earmarked for the fourth quarter - one on a hedge fund equity stake, and another on a 2008 financial crisis legacy case announced on Tuesday - add to the bank's troubles. TIME FOR CHANGE Rohner, 61, departs Credit Suisse as expected after reaching a 12-year term limit on the board. The news of his successor takes place a day after the announcement of Horta-Osorio's replacement at Lloyds, which he revived following a 2008 government rescue during the [http://www.estateguideblog.com/?s=financial%20crisis financial crisis]. The bank returned to private ownership in 2017. During his time at Lloyds, the Portuguese-born Horta-Osorio, 56, won plaudits for championing mental health issues at companies after he was signed off work for two months in 2011 for stress-induced insomnia and exhaustion. But he was criticised by lawmakers for his high pay package and [https://www.kynghidongduong.vn/tours/tour-du-lich-le-hoi-yen-tu-chua-ba-vang-quang-ninh-du-lich-yen-tu-tu-ha-noi.html tour yên tử] for the bank's handling of a fraud at its HBOS Reading branch that led to six people being jailed in 2017. "I am extremely happy that we can propose a highly-proven and recognised professional of the international banking business as my successor," outgoing Credit Suisse chairman Rohner said in a statement. During his 16 years at the bank, Rohner saw Credit Suisse weather the financial crisis better than rival UBS as general counsel and chief operating officer, and won support from analysts and shareholders in 2009 when he was appointed to the board in preparation for becoming chairman. But his tenure since 2011 as chairman has witnessed problems ranging from nearly $1 billion in trading write-downs following U.S. investment banker Brady Dougan's exit as CEO in 2015 to an ongoing investigation by Swiss financial market supervisor FINMA over the spying affair. FINMA declined to comment on whether the new appointment would affect its proceedings. The bank, during Rohner's time, also contended with costly tax evasion settlements after the unwinding of Swiss bank secrecy and more recent censure over shortcomings in a series of high-profile corruption cases. Shares in the bank have lost some two-thirds of their value over the period. "Horta-Osorio faces a great challenge. His priority will be regaining shaken investor confidence," Zuecher Kantonalbank analyst José Javier Lodeiro said in a note. (Reporting by Brenna Hughes Neghaiwi; Editing by Riham Alkousaa, John Revill, Kenneth Maxwell and Barbara Lewis)

How To Start Writing Your Legacy

2021-01-01T13:23:37Z

LillyHardaway70:

You don't have to be rich or famous to leave a legacy. Your memories, experiences and life are priceless and matter to your loved ones. There are a variety of ways you can preserve and share your legacy. The use of pictures, video and journals are among the most effective ways to communicate and share your legacy. What matters most is that you do something to preserve your legacy. Your life and memories can make the difference in someone elses life. You have a story to tell. Your experiences helped shaped who you are and you can help others learn from your mistakes & success. When you create your legacy, you decide what is most important to communicate about your life. The pictures and videos you choose shed light into pivotal moments in your life. If you have old journals, love letters or news articles you can scan them and include them in your legacy. There are endless ways to tell your story. (adsbygoogle = window.adsbygoogle || []).push(); The task of writing your story doesn't have to be overwhelming. Going through old pictures and reminiscing is both fun and rewarding. The pictures that matter most to you are worth preserving and sharing the stories behind them. When you journal, brainstorm on what moments had the greatest impact. Maybe it was a dream you had as a child, a college or career choice, the time you met your spouse or the thoughts you had when your children were born. Find the significant moments and write about them. Video legacies are another unique way to share your story, your personality, presence and voice. You get to narrate your own life story. What matters is that you take the time to share what you think is most important about your life. By dedicating time to writing your legacy, you are ensuring your memories will not fade away. Life is a journey and what makes it worthwhile is the climb: the people we meet, the lessons we learned, the ups and downs and pivotal moments. Every experience helped shape who we are. Maybe you didn't have a great childhood and vowed to be a great parent. Maybe you worked too much and didn't invest enough in your own children. Perhaps you got married at to your high school sweetheart at 18 and even though you struggled, know you wouldn't change a single day or moment. When creating your legacy, [https://www.kynghidongduong.vn/tours/tour-du-lich-le-hoi-yen-tu-chua-ba-vang-quang-ninh-du-lich-yen-tu-tu-ha-noi.html tour chùa yên tử] you should take a moment to the memories that [http://www.ourmidland.com/search/?q=mattered mattered] most to you. These are the memories you should share in your legacy. If you want to leave something behind you, [https://www.kynghidongduong.vn/tours/tour-du-lich-le-hoi-yen-tu-chua-ba-vang-quang-ninh-du-lich-yen-tu-tu-ha-noi.html tour chùa yên tử] then [ ] . Use the guide of questions that can help you make [ ] as filled with important information as possible and leave something for your descendants! (adsbygoogle = window.adsbygoogle || []).push();

User:LillyHardaway70

2021-01-01T13:23:19Z

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