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Credit Suisse Breaks With Tradition With Lloyds Chairman Pick

2021-01-02T02:15:36Z

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By Brenna Hughes Neghaiwi ZURICH, Dec 1 (Reuters) - Credit Suisse for the first time has reached beyond Swiss borders and 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 [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] 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 [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] 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 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 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 [http://www.speakingtree.in/search/spying%20affair 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)

WIDER IMAGE-Argentines Celebrate apos;eternal Love apos; For Maradona With...

2020-12-31T14:52:31Z

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By Ueslei Marcelino and Leonardo Benassatto BUENOS AIRES, Nov 30 (Reuters) - Under his shirt, pizza shop owner Guillermo Rodriguez is a walking shrine to Diego Maradona. His entire back is covered in tattoos depicting the soccer great, whose death last week at the age of 60 inspired enormous grief in Argentina and beyond. "It is something beautiful to live with him, so for us he did not die, he will continue being there for all of us, the love we have is eternal," said Rodriguez, whose pizza store is called "Siempre al 10", referring to Maradona's jersey's number. The death of Maradona has highlighted the almost cult-like adoration that grew up around the player nicknamed "el dios" (or God), who mesmerised on the pitch and inspired fans off it despite long, [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] public battles with addiction. Argentina declared several days of national mourning for him and his body lay in state at the presidential palace. "For a woman in childbirth it is very painful. For me I felt that pain the day that Maradona died. The grief is enormous," said Cintia Veronica, who showed tattoos of Maradona on her arm, at her home in Buenos Aires. "Having that tattoo now, in this moment, is to feel that he (Maradona) is alive. I feel that he is alive." A few days after Maradona's death, [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 ba vàng] fan Maximiliano Fernando is in a tattoo parlor in Buenos Aires and showing off tattoos of the player on his arm, including images where Maradona is in mid-stride, and another he is holding the World Cup aloft. "Having tattoos of Diego for me is the greatest thing there is," said Fernando, whose bedroom walls are lined with pictures and shirts of the player. "I'm going to take him to the grave." Maradona won the World Cup with Argentina in 1986 and sparkled for Italian side Napoli, where he became a legend for his skills and representing Naples in Italy's poorer south. His image still appears drawn large on murals in the city. In Argentina, fans have even named their children after the player, including twin [http://www.lifebeyondtourism.org/?header_search=girls%20Mara girls Mara] and Dona. "It is love, it is my great love, my passion to have Diego (on my body) so he is always with me everywhere. I feel like he protects me," said Nerea Barbosa, showing photos of the star. "When I got the tattoo, many told me no, that it was not for a woman and a tattoo like that was so grotesque," said Barbosa, adding that she felt both a feminist and a "Maradonian". "I say he was an idol for women too." Maradona's death is likely to spark something of a battle over his legacy and inheritance. He has some eight children from Argentina to Cuba and Italy, with other paternity claims. Nonetheless, his wild behavior in some ways endeared him even more with supporters, giving him an everyman feel of fallibility that has ingrained him into the national psyche. "In reality, I don't think about what people say, whether he's good or bad or whether he's an inspiration or not," said Matias Disciosia, with a huge tattoo of Maradona's name and the number 10 on his back. "Everything related to Maradona is a source of inspiration for those who feel him and carry his soul." Devotee Luciano Zarate agreed. "Maradona's tattoo for me was so I could have him all the time with me, because he was my childhood," he said. "Maradona was my childhood and adolescence. For me he is everything." (Reporting by Ueslei Marcelino and Leonardo Benassatto Writing by Adam Jourdan Editing by Raissa Kasolowsky)

It Is Time To Modernise The Legacy Applications

2020-12-28T17:35:04Z

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It is high time to modernise all the legacy applications. Many companies and experts are saying that they feel the modernisation of old 16-bit applications is long overdue, especially in case of the ERP or the Enterprise Resource Planning. (adsbygoogle = window.adsbygoogle || []).push(); Modernisations should always be guided by the business drivers. Generally, there are three major [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] drivers for a modernisation. Integration of application and business process. User experience improvement to a more efficient environment Changing the core applications to [https://www.change.org/search?q=exploit exploit] the modern technological improvements and business opportunities. While these are the drivers, the benefits of modernising the legacy applications is innumerable. It can improve user productivity because modern environments 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] application interfaces can provide better experience for modern employees. It is more informative, productive 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] gives more power to the user. Some people still says that the legacy 5250 interface is the best thing when it comes to data entry operations but they fail to take into account the power and productivity of the Windows interface. Even for the data entry jobs, the Windows interface is far superior to a 5250 interface because it responds to the single keystrokes and not block mode entry fields. Modernising a 16-bit application also reduces training cost. Anyone can use a Windows interface, thanks to the ease it brings forth. People of modern generation have grown up using the Windows interface. None knows how to use a 5250 interface until they are trained. The application image is also improved when legacy applications are modernised. The 5250 apps which are also called Green screen applications and the IBM platforms which support those suffer from image problems, especially in large enterprises. Getting new customers and retaining the old customers must be a very difficult proposition for the Independent Software Vendors (ISVs) who offer 5250 solutions to all. A modern interface combines reliability of IBM platform and performance and improves the application images and produce an excellent combination. Future-proofing is one of the most important advantages of modernised applications. Some IBM platforms and Independent Software Vendors (ISVs) have come up with modern versions of their offerings to win back the trust of the new and existing customers or the end-users to prove that their solution has some defined future. All the3 modern features including email, chat, video, voice, internet browsing and desktop features are not possible in the traditional 5250 interface. There new technologies can enhance the potential of any business. APPtechnology has become a one stop name for legacy applications, [ ] and SCCM asset management, [ ] . You have to contact for various other services in similar domain.

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2020-12-28T17:33:57Z

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