The Strategist
Companies & CEOs

UK watchdog easens regulations for Lloyds - 05/02/2019

The organization was able to free up about a billion pounds. Information about this has become a driver for the growth of bank shares. Shares of Lloyds Banking Group rose by 1.7% at the start of trading on May 1st. The growth was triggered by the information about the decision of the Bank of England to soften requirements for the credit institution, which allowed it to free up about £ 1 billion....

US Treasury sets a record in fines in April - 05/02/2019

The April 2019 was marked by completion of an investigation by the US Treasury Department against two banks: the British Standard Chartered Bank, as well as the Austrian, Italian and German branches of UniCredit. The American regulator accused them of multiple violations of US sanctions regimes. The case of Standard Chartered was related to sanctions against Iran, Sudan, Cuba and Syria. The case...

WeWork applies for IPO - 04/30/2019

Following technological startups going to stock exchanges, WeWork, an American coworking spaces chain, is pondering an IPO, too. In January, the company was estimated at $ 47 billion. Of all US companies that are about to hold an IPO soon, only Uber can boast a higher estimate. We Company (until January working under the WeWork brand) submitted documents for an IPO to the US Securities Commission...

Airlines are losing revenue because of Boeing 737 MAX scandal - 04/30/2019

Publication of quarterly reports showed that the scandal with the Boeing 737 MAX brought major losses not only to the manufacturer, but also to airlines. American Airlines reported that the aircraft down time would cost it $ 350 million, Southwest Airlines - at least $ 200 million, and Norwegian Air - about $ 60 million. Boeing itself has already stated that it could lose about $ 1 billion. In...

Glencore placed under investigation in the US - 04/26/2019

Activities of the Swiss commodity trader Glencore became the subject of investigation by the American regulator of commodity markets. "Glencore was informed by the US Commodity Futures Trading Commission (CFTC) that the CFTC is investigating whether Glencore and its subsidiaries violated certain rules of the Commodity Exchanges Act and/or CFTC regulation through corrupt practices related to...

Deutsche Bank and Commerzbank failed to merge - 04/26/2019

Negotiations on the merger of Deutsche Bank and Commerzbank, which began in March, were in vain: the banks announced termination of negotiations. According to them, they concluded that the merger would not bring benefits sufficient to offset the costs and risks associated with it. The German government wasn’t particularly excited about plans to merge Deutsche Bank and Commerzbank as many...

Why does Airbnb want to produce TV shows and movies? - 04/25/2019

Airbnb is trying to stand out and increase number of customers on the eve of the company’s IPO scheduled for 2020. To do this, this rental service is ready to launch a creative studio. Airbnb intends to expand its business and launch several TV shows of its own production, reports Reuters with reference to four sources familiar with the company's plans. The main supporter of this idea is the...

737 MAX scandal cuts 13% off Boeing’s profit - 04/25/2019

The situation around the ban on 737 MAX aircraft has adversely affected financial results of Boeing. In the first quarter, the net corporation’s profit decreased by 13%, to $ 2.15 billion, and revenues fell by 2%, to $ 22.9 billion. In addition, the company decided not to publish the forecast for the whole 2019, as it still needs to figure out in possible consequences of the situation around 737...

USA fines Rochester Drug Cooperative for $ 20 million in connection with opioid crisis - 04/24/2019

The US authorities filed the first criminal charges and fines for a private company on charges of contributing to a sharp increase in mortality in the United States in recent years due to the use of synthetic opioid drugs. The New York Southern District Prosecutor’s Office has filed criminal charges against Laurence Doud III, the former Chief Executive Officer of Rochester Drug Cooperative, and...

Huawei's revenue jumps by 39% for the year - 04/22/2019

In the first quarter of 2019, revenue of the Chinese telecommunications company Huawei increased by 39% over the same period last year - to 179.7 billion yuan ($ 26.81 billion), the company said. The net profit margin for this period was approximately 8%, which is slightly higher than in the period of January-March 2018. At the same time, Huawei did not disclose net profit data for the past...
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