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Credit Suisse scandal, Wells Fargo's new chief and ECB interest rate policy

David Crow and guests discuss the scandal that has engulfed Credit Suisse, including the apparent suicide of a security consultant involved in a corporate espionage operation for the bank, US bank Wells Fargo's new chief executive, and the merits of the European Central Bank's interest rate policy. With special guest Jean Pierre Mustier, president of the European Banking Federation and chief executive of Italian bank UniCredit.


Contributors: David Crow, Banking editor, Sam Jones, correspondent in Zurich, Laura Noonan, US banking editor, and Patrick Jenkins, financial editor. Producer: Fiona Symon

 

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Abba Kyari, chief of staff to the president of Nigeria, 1952-2020

A self-effacing intellectual who rose to the very centre of power




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Trump’s pick for intelligence chief vows to be fair

John Ratcliffe testifies at confirmation hearing held under social distancing rules




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Argentina’s central bank chief warns on market outlook

Guido Sandleris says it is ‘too soon’ to declare that stability has returned to peso




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Election: Labour on the defensive after Chief Rabbi accuses party of failure to deal with anti-Semitism — as it happened

Jeremy Corbyn defends party's processes for dealing with racism after Ephraim Mirvis's criticism. Conservatives put opposition to independence at heart of Scottish campaign. Sterling slips as Labour makes inroads on Tories' polling lead.

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Trump attacks ECB chief over 'unfair' stimulus plan

ECB chief Mario Draghi this week surprised the markets by suggesting that the European central bank could introduce more stimulus to support the global economy. His signal, at an ECB forum in Sintra, Portugal, caused a furious reaction from Donald Trump. Katie Martin discusses the US president’s intervention and the remarks that prompted this with Claire Jones and Chris Giles.


Contributors: Josh Noble, weekend news editor, Katie Martin, capital markets editor, Claire Jones, Frankfurt bureau chief and Chris Giles, economics editor. Producer: Fiona Symon

 

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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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Tata Steel Europe chief lays out challenges

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs




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Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




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Wizz Air chief bullish over recovery in air travel

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday




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Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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My First Million: Nicholas Gill, chief executive, David Phillips

We grew too fast, but came back stronger




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Insurers face biggest-ever losses, warns Lloyd’s chief

Pandemic could dwarf other disasters such as Hurricane Katrina, John Neal says




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Mulberry creative chief Johnny Coca to depart

British handbag maker’s value has plummeted 85% in past two years as turnround plan stalls




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Top investor calls for dismissal of Wirecard chief Markus Braun

Deka Investment urges chairman to act quickly to end crisis of confidence in payments group after special audit




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Mexico’s Grupo Lala chief to join JAB beverages arm

Mauricio Leyva to advise German family company on expanding beverages arm




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Icahn urges ousting of Occidental chief

Activist investor has almost quadrupled his stake in battered US oil producer




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Coronavirus: AIG chief warns virus could be industry’s largest catastrophe loss — as it happened

Spanish prime minister Pedro Sánchez says no other option remains but to maintain the state of alert

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Randall Stephenson to step down as AT&T chief, succeeded by COO John Stankey

A big changing of the guard is underway at one of the world’s biggest and iconic names in telecoms and media: AT&T today announced that Randall Stephenson will be stepping down as the chairman and CEO of the telco, and he will be replaced by John Stankey, currently the COO. The change is effective on […]




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Sony chief: mobility is the next megatrend

Tech Scroll Asia, your guide to the billions made and lost in Asia tech




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Hong Kong exchange chief to step down after failed LSE bid

Charles Li will not seek reappointment when contract expires in October 2021




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VW chief defies sceptics with ambitious plans to overtake Tesla

Herbert Diess wants to sell 26m emission-free vehicles in 9 years, overtaking rivals including Californian electric pioneer




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Porsche chief warns battery costs will hit carmaker profits

Blume says industry faces supply constraints because of production ‘bottleneck’




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Fox chief says Emmy Awards show won't have a host this year in order to fit in tributes to shows

The 71st Primetime Emmy Awards are following in the Oscar's footsteps and forgoing a host for this year's ceremony, hosted by Fox. It will allow the show to highlight departing shows.




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PDO chief Barry Hearn believes Fallon Sherrock's success has got people talking about darts again

Fallon Sherrock became the first woman to win a World Championship match when she beat Ted Evetts last month, and Barry And Hearn believes it has put darts back on the global map.




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Girl power! Team GB chief believes our women will steal the 2020 Tokyo show

EXCLUSIVE BY DAVID COVERDALE: British women have been tipped to make history in Tokyo, with the head of Team GB boldly predicting that 2020 will be 'the year of the female Olympian'.




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Chiefs' Frank Clark dons sweatshirt featuring image of Donald Trump's 2016 meeting with Kanye West

Kansas City Chiefs defensive end Frank Clark greeted reporters wearing a sweatshirt emblazoned with an image of Donald Trump's 2016 meeting with rapper Kanye West at Trump Tower.




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Borussia Dortmund chief insists Bundesliga must make swift return to stop it from 'going under'

There have been over 5,900 Covid-19 deaths in Germany - but a quick return under controlled circumstances could save Germany's top-flight from going under, according to Dortmund chief Watzke.




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Borussia Dortmund chief Hans-Joachim Watzke suggests Mario Gotze could reverse decision to leave

Mario Gotze could still sign a new contract at Borussia Dortmund this summer, according to club CEO Hans-Joachim Watzke.  The midfielder has previously declared he will leave the club in June.




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Borussia Dortmund 'relaxed' about Jadon Sancho's future as club chief says there are bigger concerns

Dortmund sporting director Michel Zorc insists the club are 'totally relaxed' about the future of coveted youngster Jadon Sancho and that they have bigger concerns at this present time.




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Novak Djokovic welcomes new ATP chief Andrea Gaudenzi before aiming jibe at outgoing Chris Kermode

Novak Djokovic has aimed a jibe at outgoing ATP chairman Chris Kermode as the Serbian tennis star welcomed new chairman Andrea Gaudenzi to the tennis organisation on Thursday.




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UK athletics chief defends World Championships display

UK Athletics chief executive Niels de Vos has defended Britain's performance at the World Championship by claiming an athletics medal is the hardest prize to win in sport.




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RFU chief Bill Sweeney warns they will need a bail-out if 2021 Six Nations is cancelled

RFU chief executive Bill Sweeney has warned his organisation will need financial support from the government if the 2021 Six Nations cannot go ahead due to the coronavirus crisis.




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Rugby World Cup 2019: Rugby chiefs braced for legal action over cancelled World Cup matches

EXCLUSIVE BY MATT HUGHES AND NIK SIMON: World Rugby are facing possible legal action whatever decision they make regarding Scotland's scheduled Pool A clash with Japan on Sunday.




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Stuart Hogg is desperate for Exeter Chiefs to solve European puzzle in Champions Cup

Exeter Chiefs are desperate for their 'normal' squad to solve the European puzzle this year, having added Border piece Stuart Hogg. The 27-year-old Hawick-born full-back faces his old club.




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Jonny Gray signs two-year deal to join Exeter Chiefs next season

Scotland lock Jonny Gray has signed a two-year deal to join Exeter Chiefs next season from Glasgow Warriors. Gray follows Stuart Hogg and Finn Russell in leaving Glasgow in recent times.




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Scottish Rugby Union chief Mark Dodson DOUBLES salary to £933,000 despite year of failure

Scottish rugby fans were left truly stunned after it was revealed that the SRU chief executive more than doubled his salary from £455,000 to £933,000. The news comes prior to the Six Nations kick-off.




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Coronavirus UK: Scottish Rugby Union chiefs to give £500,000 to struggling grassroots clubs

Scottish Rugby Union chiefs have set aside £500,000 to help clubs struggling in the wake of the coronavirus outbreak after suspending the domestic season until at least March 29.




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'Rand Paul v. Barack Obama' lawsuit hits federal court with 350,000 plaintiffs, as U.S. senator sues White House and intelligence chiefs over NSA surveillance

The Libertarian firebrand has his eyes focused on the presidency and aims to organize voters by branding NSA snooping as 'precisely the kind of overreach we fought a revolution over.'




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Hosting the World Cup can be bigger boost for English rugby than Jonny Wilkinson's drop goal, says RFU chief Ian Ritchie

RFU chief executive Ian Ritchie believes the sport is in a better place to capitalise on a Rugby World Cup boom than it was in 2003 when Jonny Wilkinson's drop goal created a surge in interest.




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Indianapolis police chief condemns detective's 'closed casket' comment after livestreamed shooting

Indianapolis Metropolitan Police Chief Randal Taylor that a comment made by a detective while standing over Dreasjon Reed's body invoking a 'closed casket' was 'unacceptable.'




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RB Leipzig chief executive confident of keeping Timo Werner despite Liverpool links

RB Leipzig chief executive Oliver Mintzlaff insists he isn't concerned about the prospect of losing Timo Werner this summer despite persistent links with Liverpool.




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Why is it taking so long for health chiefs in Britain to approve antibody tests?

Boditech Med, based in Chuncheon, South Korea, is now manufacturing thousands of its iChroma COVID-19 antibody kits, which it claims are 96 per cent reliable.




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Glasgow 31-31 Exeter: Chiefs earn Champions Cup quarter-final spot

Stuart Hogg was denied a last-minute winner against former club Glasgow as his 50-metre penalty hit the bar but a pulsating 31-31 draw edged Exeter into the Heineken Champions Cup quarter-finals.




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Justin Gatlin blasts 'lack of respect' from Beijing chiefs after shamed sprinter is 'kicked out' of World Challenge

Sprinter Justin Gatlin ran into a new row on Tuesday when he flew home on the eve of the Beijing World Challenge, claiming organisers told him they did not want him competing.




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Bayern Munich chief Karl-Heinz Rummenigge rubbishes idea of a European Super League

​Bayern Munich chairman Karl-Heinz Rummenigge has voiced his opposition to the formation of a European Super League.