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Earlier this year, the company announced plans to reduce its overall headcount by up to 26,000 over the next three years to reflect changing consumer preferences as more customers use self-service technology to do their banking mont blanc unicef cufflinks uk sale. The cuts are intended to help the bank reach its goal of reducing costs by $4 billion by 2020 as it tries to increase profit and recover from a series of scandals while operating under the Federal Reserve’s asset cap. Over the summer, the bank laid off 600 employees in its mortgage division which has faced challenges due to a slowdown in refinancing demand..
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer did not tell business executives that another round of tariffs on Chinese imports is on hold, a USTR spokesperson said on Thursday, denying a report in the Financial Times mont blanc unicef cufflinks uk sale. “Ambassador Lighthizer has made no representations to industry executives that future Section 301 tariffs are on hold,” the USTR spokesperson said in a statement. “The plan for the tariffs as covered in the Federal Register Notice dated Sept. 21, 2018 has not changed at all. Any reports to the contrary are incorrect,” the spokesperson said..
ATHENS (Reuters) – Troubled Greek jewelry maker Folli Follie has asked for protection from creditors in order to finalize a restructuring plan, it said in a statement on Thursday mont blanc unicef cufflinks uk sale. “The application for the granting of protective measures was submitted in order to secure the time frame needed to finalize the terms of the company’s restructuring plan,” it said. “This interim protection is of great importance both for the. company and for all the financial stakeholders, as it will..
provide the company with a stable platform and sufficient time. for the finalization of its restructuring.”. Securing interim protection would mitigate the risk of a large number of job losses in Greece and abroad, Follie said, adding it had “strong support of over 50 percent of its unsecured creditors.”. It said management was in the process of producing a revised business plan together with Deloitte for the total restructuring of its operations mont blanc unicef cufflinks uk sale. Follie plunged into trouble when hedge fund Quintessential Capital Management said in a May report that it had overstated the number of its outlets. It also questioned its accounting practices in Asia where the company had expanded rapidly..
LONDON (Reuters) – Sterling tumbled on Thursday after a series of resignations rocked British Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. The pound slumped nearly 2 percent against the dollar and euro and was set for its biggest daily drop this year after Brexit minister Dominic Raab resigned to protest at the draft deal with the European Union. Three other ministers followed suit mont blanc unicef cufflinks uk sale. Fears that May’s hard-fought Brexit deal could collapse sent British financial markets into gyrations not seen since the sell-off following the June 2016 referendum on EU membership..