Activist investor Blackwells is
pushing to remove Tom Barrack, a billionaire friend of President
Donald Trump, as CEO of Colony Capital, saying his mismanagement
of the real estate and investment firm has cost shareholders
billions of dollars in lost gains.
Roger Jenkins, a former senior
Barclays banker tasked with securing a financial
lifeline from Qatar at the height of the credit crisis, told a
London fraud trial on Tuesday he had been taken aback at the
fees demanded by the Gulf state.
Profits across U.S. banks
dipped by $4.5 billion to $57.4 billion in the third quarter of
2019, as "nonrecurring events" at three large financial
institutions drove down sector growth, the Federal Deposit
Insurance Corporation reported Tuesday.
The New York Stock Exchange
(NYSE) said on Tuesday it had filed with the U.S. Securities and
Exchange Commission to allow companies going public through a
direct listing, instead of an initial public offering, to raise