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    Inside the turnaround at UBS

    In February 2012, Sergio Ermotti called his first town hall meeting as UBS Group’s chief executive. The stock was finally recovering in those early days, but staff morale wasn’t. As one veteran of the Swiss banking giant tells Fortune, “If you had worked for UBS in those days, the mailman would grumble at you.”  The woes of UBS, which turned 150 years old that year, had taken on the urgency of a national crisis. UBS became the foreign bank most exposed to America’s subprime mortgage debacle, decimating clients’ portfolios. In 2008 the Swiss government stepped in with a historic bailout package after UBS booked a mountain of losses. The last…

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    The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Leaked documents from the Financial Crimes Enforcement Network (FinCEN) were shared with news outlets. They show big banks have for years engaged with dirty money with little oversight. Banks named include JPMorgan Chase, HSBC, Barclays, and Deutsche Bank. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with journalists have shown how some of the world’s biggest banks for years facilitated the movement of dirty money. The documents, part of a collection of files belonging to the Financial Crimes Enforcement Network, were published on…

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    The 9 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Thousands of leaked documents from the Financial Crimes Enforcement Network revealing how big banks have for years engaged with dirty money were shared with hundreds of journalists. The agency, which operates under the Treasury Department, compiles “suspicious activity reports” that can include evidence of financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the leaked documents reveal. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how…

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    The 8 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Thousands of leaked documents from the Financial Crimes Enforcement Network revealing how big banks had for years engaged with dirty money were shared with hundreds of journalists. The agency, which operates under the Treasury Department, compiles “suspicious activity reports” that can include evidence of financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the agency reported. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how some…

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    The 7 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    JP Morgan Chase & Co sign outside headquarters in New York Reuters Thousands of leaked documents from the Financial Crimes Enforcement Network were shared with hundreds of journalists, revealing how big banks have for years engaged with dirty money.  The agency, which operates under the Treasury Department, compiles “suspicious activity reports” when it detects potential or evident financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the agency reported. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how some…

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    POTTERY BARN LAUNCHES “POTTERY BARN RENEWED” | Business & Finance

    SAN FRANCISCO–(BUSINESS WIRE)–Sep 18, 2020– Pottery Barn, a member of the Williams-Sonoma, Inc. (NYSE: WSM) portfolio of brands, together with The Renewal Workshop, the leading provider of circular solutions for apparel and textile brands, today unveils Pottery Barn Renewed. This renewed line of products represents the brand’s first step towards becoming a circular business and furthering its leadership in sustainability and innovation. Pottery Barn Renewed extends the life of the brand’s imperfect and returned items, helping to keep them out of landfills. Products across the categories of bedding, bath, curtains, pillows, throws, table linens and robes are given a second life, maximizing their value and making them available to the…

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