Spanish trade body takes aim at ‘unjustified’ ad crackdown

first_imgMarketing & affiliates Tags: Online Gambling Spanish trade body takes aim at ‘unjustified’ ad crackdown Regions: Europe Southern Europe Spain Topics: Marketing & affiliates Sports betting Spain’s leading gaming trade group has described plans to clamp down on advertising as “unjustified” after citing low levels of problem gambling in the country.Speaking to iGamingBusiness.com, CeJuego’s director general Alejandro Landaluce said the Government’s proposed changes reported last week “reflect a lack of knowledge about the sector”.Under the Budget presented last week, the Government outlined plans to introduce restrictions similar to those placed on tobacco. In 2005, Spain introduced regulations that prohibit the sponsorship of tobacco products, as well as all kinds of advertising and promotion in the media, with a handful of exceptions.The Budget claims such measures are necessary because sports broadcasts are “flooded with ads that offer live betting,” which is “generating serious addiction problems.” Statistics from the DGOJ regulator show that gambling firms’ marketing spend in H1 2018 grew by more than 50% year-on-year to around €80m.However, Landaluce – whose group represents the likes of Cirsa, Codere and R. Franco – said Spain is “one of the countries with the lowest rate of problem gambling in the world”, with a rate of just 0.3%. He added that some 18% of young Spaniards are addicted to the internet while 7% of the adult population is “addicted to compulsive shopping”.He said: “We believe that there is an unjustified social alarm and it is putting the sector in a position that it does not belong. Seventy-five per cent of the population in Spain says playing and the vast majority (96.5%), according to the latest official study of the DGOJ, enjoy naturally, without any difficulty.“We ask that opinions and decisions made on the sector are based on facts, figures and data, avoiding the use of stereotypes that offer the public a distorted and unrealistic image of the sector.“From CeJuego, we will continue with the work we have developed since we started our journey five years ago. We are at the disposal of the authorities, political parties and social representatives to explain the reality of Spain’s gambling sector.”Landaluce said it is not yet possible to know what effect any clampdown could have on the industry in Spain, but he highlighted its importance. He said gambling contributes 2.3% of gross domestic product and generates more than 120,000 direct and indirect jobs, contributing an annual average of €1bn to public coffers.He said any changes must be imposed on both the public and private sector.“We believe in a regulated leisure, rather than prohibition,” he told iGamingBusiness.com. “In this regard, we consider it important that there is a regulation that incorporates clear boundaries and is the same for all industry players, whether public or private.“We would like to stress the importance that regulators know, in depth, the reality of this sector. We are proud that we all work, collaborate and enjoy it, offering society a leisure activity that is controlled, legal and legitimate.”In July, Italy introduced a blanket ban on all forms of gambling advertising, much to the dismay of various industry groups such as the European Gaming and Betting Association. The rules are due to come into effect from January 1.LeoVegas has also hit out at the plans, with Niklas Lindahl, country manager for the company in Italy, recently telling iGamingBusiness.com that the new system is “completely wrong”.However, GVC recently announced its support for a reduction in betting advertising, with chief executive Kenneth Alexander saying the company has a “commitment to take tangible action to understand and reduce the impact of problem gambling”. 22nd October 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address CeJuego chief says low problem gambling rates show new proposals are unnecessarylast_img read more

CRDB Bank Plc (CRDB.tz) 2014 Annual Report

first_imgCRDB Bank Plc (CRDB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2014 annual report.For more information about CRDB Bank Plc (CRDB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the CRDB Bank Plc (CRDB.tz) company page on AfricanFinancials.Document: CRDB Bank Plc (CRDB.tz)  2014 annual report.Company ProfileCRDB Bank Plc is a wholly-owned private commercial bank in Tanzania offering a comprehensive range of retail, commercial, corporate, treasury, premier and wholesale microfinance services. The company has an extensive infrastructure of branches, ATMs and deposit and mobile terminals and uses a vast network of Fahari Huduma agents which are microfinance agents. The retail division offers financial solutions which range from current and fixed deposit accounts to home purchase and construction loans, refinancing and cash back services. The corporate division provides financial service across the board; including documentary collection, letters of credit, guarantees, structured trade finance, treasury services and foreign exchange risk management. Established in 1996, CRDP Bank Plc has three subsidiary companies; CRB Bank Plc Burundi, CRDB Microfinance and CRDB Insurance Brokers.CRDB Bank Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

Dangote Cement Plc (DANGCE.ng) 2015 Annual Report

first_imgDangote Cement Plc (DANGCE.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2015 annual report.For more information about Dangote Cement Plc (DANGCE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Dangote Cement Plc (DANGCE.ng) company page on AfricanFinancials.Document: Dangote Cement Plc (DANGCE.ng)  2015 annual report.Company ProfileDangote Cement Plc manufactures, packages and distributes cement and related products for the limestone mining, coal production and property investment sectors in Nigeria and the rest of Africa. The company has operations in Nigeria, Benin and Ghana, Cameroon, Congo, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania and Zambia and exports internationally. Dangote Cement Plc operates the largest cement plant in sub-Saharan Africa, the Obajana Cement Plant. Cement bagged and distributed by Dangote Cement Plc is required of the limestone mining, coal production and property investment sectors. Formerly known as Obajana Cement Plc, the company changed its name to Dangote Cement Plc in 2010. The company is a subsidiary of Dangote Industries Limited. Its head office is in Lagos, Nigeria. Dangote Cement Plc is listed on the Nigerian Stock Exchangelast_img read more

FMBcapital Holdings Plc (FMBCH.mw) HY2015 Interim Report

first_imgFMBcapital Holdings Plc (FMBCH.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2015 interim results for the half year.For more information about FMBcapital Holdings Plc (FMBCH.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the FMBcapital Holdings Plc (FMBCH.mw) company page on AfricanFinancials.Document: FMBcapital Holdings Plc (FMBCH.mw)  2015 interim results for the half year.Company ProfileFMBcapital Holdings (FMBCH) is the Mauritius based holding company for the FMBcapital Group and was listed on the Malawi Stock Exchange in September 2017 following a one for one share swap with First Merchant Bank of Malawi shareholders. FMBCH has banking and finance operations in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. It is primarily an investment holding company with interests as follows: First Capital Bank, Malawi – 100% (established June 1995)First Capital Bank, Botswana – 38,60% (established July 2008)Capital Bank Mozambique – 70% (acquired June 2013)First Capital Bank, Zambia – 49% (acquired June 2013)First Capital Bank in association with Barclays – 62% (acquired October 2017) Through its subsidiaries, FMBCH offers a comprehensive range of financial products and services to both corporate and retail sectors. The Global Credit Rating Co. has consistently given FMB an annual Long Term Rating of A+ and a Short Term Rating of A1 since 2007. FMBcapital Holdings Plc is listed on the Malawi Stock Exchangelast_img read more

Is the ASOS share price too cheap to ignore?

first_imgIs the ASOS share price too cheap to ignore? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Since hitting an all-time high of around £75.50 in February 2018, investor sentiment towards the ASOS (LSE: ASC) share price has plunged. Indeed, towards the end of March, the stock hit a level not seen since 2011. The ASOS share price has since recovered some of its losses, although it’s still trading at half the level it reached in February 2018. As such, the stock looks cheap, and now could be a great time to buy this global fashion retailer. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ASOS share price valueThe firm was one of the first public pure-play online retailers. When the ASOS share price went public in October 2001, online shopping was still a distant dream for many. Over the past 20 years, the market has ballooned, and the coronavirus crisis has only accelerated this trend. According to the latest forecasts, the online fashion industry’s growth will triple this year to account for 23% of European sales. Previously, analysts were forecasting 2024 for this target. The share of the market is now projected to hit 37% by 2030. This is excellent news for the likes of ASOS and its peers. The company’s UK peer, Boohoo, has been leading the charge. The group recently reported a 45% increase in first-quarter revenue. Other companies in the sector have reported growth rates in the mid-teens. These numbers have helped support the ASOS share price. And it looks as if the sector is only just getting started. Cheap shares Unfortunately, ASOS hasn’t been able to escape the coronavirus crisis unscathed. The company has had to write down the value of several million pounds worth of stock. Still, it looks as if overall top-line growth will offset these losses. Therefore, now could be an excellent time to buy the ASOS share price. As noted above, the stock is trading around 50% below the level it did at the beginning of 2018. This could mean it offers a margin of safety as it doesn’t look as if investors have priced in the firm’s recent good fortune. Furthermore, the ASOS share price looks cheap, compared to rival Boohoo. The former is trading at a price-to-sales (P/S) ratio of just 1.2, compared to 4.1 for the latter. While Boohoo has reported faster growth this year, this significant value disconnect doesn’t appear to be warranted. This seems to support the conclusion the ASOS share price currently offers a margin of safety. So, overall, while the rest of the retail world seems to be struggling in the coronavirus crisis, the ASOS share price appears to offer good value. It also appears to be a great way to play the booming online retail market, which is only expected to expand further in the next few years.The stock could generate attractive total returns for long-term investors in the years ahead. Especially for those who are prepared to look past its short-term problems and focus on its future potential.  Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rupert Hargreaves Enter Your Email Address Rupert Hargreaves | Sunday, 28th June, 2020 | More on: ASC Rupert Hargreaves owns no share mentioned. The Motley Fool UK owns shares of and has recommended ASOS. The Motley Fool UK has recommended boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

PTL / Satoru Hirota Architects

first_img “COPY” Projects Year:  Area:  213 m² Year Completion year of this architecture project PTL / Satoru Hirota Architects ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/208619/ptl-satoru-hirota-architects Clipboard Text description provided by the architects. Aspects of public housing combined residential studio, are located (different purpose or function) this house is as small houses lined snuggled. Has created a “patio” small public space in the central part of this house. The corners of the side road will provide a small park to the environment.Save this picture!Courtesy of satoru hirota architectsRecommended ProductsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreProject gallerySee allShow lessThe Death of ModernArticlesVerdun Cultural Center / Saucier + Perrotte ArchitectesArticles Share PTL / Satoru Hirota ArchitectsSave this projectSavePTL / Satoru Hirota Architects Japancenter_img Save this picture!Courtesy of satoru hirota architects+ 26 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/208619/ptl-satoru-hirota-architects Clipboard Architects: Satoru Hirota Architects Area Area of this architecture project 2011 CopyHouses•Yokohama-shi, Japan “COPY” Houses CopyAbout this officeSatoru Hirota ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesYokohama-shiHousesJapanPublished on February 17, 2012Cite: “PTL / Satoru Hirota Architects” 17 Feb 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardBedsFlorenseBed – UpholsteredSignage / Display SystemsGoppionDisplay Case – Qd-ClassMetal PanelsTrimoMetal Panel Finishes – ArtMeSkylightsLAMILUXRooflight F100 CircularWire MeshGKD Metal FabricsMetal Fabric in TransportationSystems / Prefabricated PanelsInvestwoodCement-Bonded Particle Board – Viroc NatureMetal PanelsRHEINZINKSeam Systems – Flatlock TilesSofasMenuDining Bench – EaveTablesArtisanCoffee Table – BloopMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Lights Go Out on SCC First-Place Volleyball Match

first_imgHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyBohemian Summer: How To Wear The Boho Trend RightHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff 0 commentsShareShareTweetSharePin it Top of the News Make a comment Community News Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img First Heatwave Expected Next Week Sports Lights Go Out on SCC First-Place Volleyball Match By ROBERT LEWIS Published on Monday, October 12, 2015 | 2:30 am Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News With the Pasadena City College women’s volleyball team tied with state No. 6-ranked El Camino 1-1 in sets, the Warriors’ gym went dark. In fact, the entire ECC campus suffered a power failure as the match for first place in the South Coast Conference had to be postponed with ECC leading 5-2 in the third set.The No. 21-ranked Lancers will resume the match at that point at a date to be announced. Pasadena won the first set, 25-22, and that was the first time that El Camino had lost a home set this season.Next up for PCC is a conference contest v. Cerritos on Wednesday, Oct. 14. First serve is 6:00 p.m. at Hutto-Patterson Gymnasium. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked *last_img read more

All Saints Church Master Plan Construction Placed on Hold

first_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe 8 recommended0 commentsShareShareTweetSharePin it Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff All Saints Church’s Master Plan construction plans have been placed on hold by the church’s Vestry, it was announced today by All Saints’ Rector Ed Bacon. The decision was reached by the governing board at its meeting on Tuesday, December 1st after months of consultation and prayerful consideration.Bacon named several reasons for the decision. Many years of planning reached the time for action just as the 2008 recession hit. Also, the City of Pasadena entitlement process turned into a much longer and much more expensive exercise than could have been forecast in advance. By the time the entitlements were approved, not only had construction costs risen significantly in the region, but the financial support base of the church’s major donors had changed significantly through the death or relocation of some whose help was critical to the project’s funding.All Saints’ worship and outreach participation remain vigorous as one of the most involved and committed congregations among Episcopal churches nationwide. Therefore, the need for expanded facilities for meetings, programs and pastoral care is as pressing today as ever. Also, the church’s historic leadership in community response to emerging needs remains energetic and vital. All Saints Church founded Union Station Homeless Services and the Day One resource for addressing alcohol and substance abuse – and incubating organizations to address community issues continues to bring its own demands for physical space. Combined with the space needs of the dynamic and expanding children and youth programs, All Saints remains committed to solving these challenges with an achievable plan for increased space and capacity for mission and ministry.To respond to these many needs and their space requirements the church will immediately appoint a task force to recommend next steps. Monies already donated for All Saints’ capital needs, and additional funds given for that purpose will continue to be kept separate and protected for the capital needs that inspired the gifts.In its action to realign the way the church addresses its pressing physical needs, the Vestry praised the energy and leadership of its rector, the Rev. Ed Bacon. “If a way could have been found to overcome the effects of the recession and prevent the years of delay in the city’s approval requirements, Ed Bacon would certainly have found it. The Vestry and the congregation owe our rector their highest praise,” said Bob Long, co-chair of the Building Project.For more information, visit http://www.allsaints-pas.org/.center_img Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Name (required)  Mail (required) (not be published)  Website  Top of the News Faith & Religion News All Saints Church Master Plan Construction Placed on Hold From STAFF REPORTS Published on Thursday, December 3, 2015 | 5:23 pm First Heatwave Expected Next Week Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Herbeauty8 Celebrities Who’ve Lost Their FandomsHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautylast_img read more

Odessa Police Department asking for pay raises

first_imgLocal News TAGS  WhatsApp Pinterest Twitter Twitter OPD logo Odessa Police Chief Michael Gerke told the Odessa City Council it’s an employee’s market when it comes to police officers in Texas, and he’s asking for raises for his officers to help maintain staff levels. “We have lost officers to the Dallas-Fort Worth area, to the Austin area, to the oilfield, and we’ve lost experience,” Gerke said. “Keep in mind, part of the difficulty with attracting officers to the area is the cost of living. The housing prices being what they are, that is a tremendous pressure.” As it stands, OPD officers starting out make an annual salary of $53,952, and after two years, that salary goes up to $56,100. For officers who are promoted to corporal, which Gerke said the vast majority do after three years, they have an annual salary of $58,992, and get their salary bumped up to $62,334 after two years. What Gerke is proposing is an immediate 5 percent salary increase to all OPD officers and corporals. This means no OPD sergeants, lieutenants, deputy chiefs, or Gerke himself would be receiving a pay raise from this. But Gerke also said these increases would lead to pay increases to sergeants and lieutenants due to salary compression, a policy that a supervisor must make at least 5 percent more than the highest paid person below him. So that would increase some higher salaries, but Gerke said it would not increase his. “With this initial 5 percent what I hope is to retain what I have,” Gerke said. “I just don’t want to bleed.” Gerke said they have lost some officers, but have been able to maintain. Of the allocated 183 officers OPD is budgeted for, Gerke said they have 29 vacancies, plus 12 recruits currently in the academy, so really 42 vacancies until the next class graduates. City Manager Michael Marrero said the city was also looking at giving a 3 percent raise across the board to city employees, including OPD employees. So some officers could see effectively an 8 percent pay raise come the start of the next fiscal year in October. Gerke didn’t call the Midland Police Department a competitor right now, as he said they haven’t lost an officer to MPD in some time, but said they are in the process of raising their officers’ salaries, as well. He said a 10 percent pay raise for OPD officers, possibly through either a 10 percent pay raise now, or a 5 percent raise now and another 5 percent raise during budgeting, would still be slightly below MPD pay increases. Marrero said the possibility of a 10 percent pay raise would be something the city would have to look at closely, but said a 5 percent raise would be possible to get done now. Interim Assistant City Attorney Cindy Muncy said they would like the 5 percent raise to kick in by July. Muncy said this would be paid for out of $1.8 million set aside by the city for a salary study, to be given out to employees who haven’t been paid appropriately. District 1 Council Member Malcolm Hamilton asked Marrero to look at what it would take to get a 10 percent raise for officers, saying it would be a great recruitment tool. At-Large Council Member Peggy Dean said they could do the 5 percent raise now and look at either a 5 percent or 3 percent raise during the budgeting period. “We have a cushion here. We’ve got 29 open positions that we’re funding that nobody’s filling, so we have a pretty good cushion before we have too many employees, more than we needed,” Dean said. Dean said not all job descriptions are created equal, and that public safety was one of their top priorities, which means some departments might not see a raise if officers and firefighters are underpaid. “That’s not saying anything bad about the other department; that is saying that they are at a more appropriate scale than what these people are for what we need them to do,” Dean said. District 2 City Council Member Dewey Bryant said he was in favor of the raises, bringing up the robust economy and the large number of people moving here and not leaving. The city has seen fluctuations in the past of people leaving, but Bryant said this didn’t happen during the 2016 bust. “We’ve got to figure out a way to protect the citizens that are here, because it hasn’t fluctuated,” Bryant said. Odessa Police Department asking for pay raisescenter_img WhatsApp Facebook Pinterest Facebook Previous article061919_Juneteenth_JF_02Next articleGOOD NEWS: Scholarships Digital AIM Web Support By Digital AIM Web Support – February 24, 2021 last_img read more

JPMorgan Chase to Undergo Leadership Changes

first_img JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday.“While I am sad to see him leave, I respect his decision and all he has done for JPMorgan Chase,” JPMorgan Chairman and CEO Jamie Dimon said in a memo.According to the New York Times, Zames is leaving to start his own business. “I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core, look: I’ll be 47 in October. I want to get back to running the railroad — running my railroad, running my business. So it’s just a natural point,” Zames said in an interview.Zames, 46, had a crucial role in guiding the bank during the financial crisis and is credited with raising suspicion over Bernie Madoff a year before his eventual arrest. Zames has long been assumed as a potential successor to Dimon, and the news of his stepping down has led to much speculation of who else may be in the running. A clue as to the frontrunners may be found in who will be taking over his duties during the transition. According to a report filed with the Securities and Exchange Commission, Zames’ responsibilities will be split between Marianne Lake, CFO; Daniel Pinto, CEO of Corporate & Investment Banking; Gordon Smith, CEO of Consumer & Community Banking, Mary Erdoes, CEO of Asset Management; and Doug Petno, CEO of the Commercial Bank, as follows:Marianne Lake: Assuming responsibility for the Chief Investment Office/Treasury, the Office of Regulatory Affairs, the Global Director of Regulatory Relations, Oversight and Controls, and Corporate FinanceDaniel Pinto and Gordon Smith: Assuming responsibility for Global Technology, the Intelligent Solutions group, and Mortgage Capital MarketsMary Erdoes and Doug Petno: Assuming responsibility of COO Global Operations unit, Global Real Estate, Global Security & Investigations, Military Affairs, Events Planning, Procurement, and other general services.In addition to these restructurings, Corporate Strategy and Private Investments will now report directly to Dimon. Home / Daily Dose / JPMorgan Chase to Undergo Leadership Changes JPMorgan Chase to Undergo Leadership Changes in Daily Dose, Featured, Headlines, News Subscribe Related Articles Jamie Dimon JPMorgan Chase Matthew Zames 2017-06-08 Staff Writer Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Jamie Dimon JPMorgan Chase Matthew Zames Demand Propels Home Prices Upward 2 days ago About Author: Staff Writer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days agocenter_img Previous: House Votes to Drastically Change CFPB Next: Choosing a Tech-Savvy Insurance Vendor Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post June 8, 2017 2,047 Views Demand Propels Home Prices Upward 2 days agolast_img read more