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Debt cancellation activists welcomed the arrests, but criticized British authorities for not taking a leading role watch movement cufflinks omega. “It is scandalous that it has required action from the U.S. authorities for this investigation and arrests to be made in London,” said Tim Jones, a policy officer at the British-based Jubilee Debt Campaign. “It was the London branches of Credit Suisse and VTB which lent the $2 billion, yet there has been a shocking lack of action taken by UK authorities in holding them to account.”..
Britain’s finance industry watchdog, the Financial Conduct Authority (FCA), started looking at Credit Suisse’s involvement in Mozambique in 2016. The FCA declined to comment on the latest events watch movement cufflinks omega. Jones also urged Credit Suisse to face up to its own responsibility. According to the indictment, Pearse was the head of Credit Suisse’s Global Financing Group until around September 2013, but had started working for Privinvest around April that year. Singh worked for Credit Suisse as a managing director in the Global Financing Group until February 2017, while Subeva was a vice president in the same department until August 2013..
(Reuters) – Celgene Corp (CELG.O) and Bristol-Myers Squibb Co (BMY.N) will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on Thursday, according to a regulatory filing. The deal, which is worth $95 billion including Celgene’s debt, is the largest pharmaceutical deal ever and brings together two of the world’s largest cancer drug businesses. Celgene’s top executives, including its chief executive officer and chief financial officer, are entitled to severance benefits if they resigned with good reason or are terminated without cause within two years of the deal closing, according to the filing with the U.S watch movement cufflinks omega. securities regulator on Friday..
The severance benefits include a cash severance payment equal to 2.5 times the officer’s annual base salary and annual cash incentive opportunity, Celgene said here watch movement cufflinks omega. Celgene CEO Mark Alles will be eligible for a severance benefit that would be three times his annual salary and cash incentive opportunity. The company is yet to disclose his 2018 compensation. If the termination or resignation is not connected to the deal closing, the severance payment would be 1.5 times the officer’s salary, or two times in Alles’ case, and would include cash incentive opportunity, Celgene said..
HONG KONG (Reuters) – China’s Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent on the smartphone maker’s official Twitter account using an iPhone, an internal memo showed. Huawei, whose P-series handsets compete with Apple’s iPhone, on New Year’s Day wished followers a “Happy #2019” in a tweet marked sent “via Twitter for iPhone” watch movement cufflinks omega. The tweet was quickly removed but screenshots of the blunder spread across social media..