Peter Eliot News
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Admiral Group Plc, the U.K. auto insurer that owns the confused.com price-comparison website, said revenue fell 6 percent in the first quarter as the firm restricted its pursuit of new business to protect profitability.
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Citigroup Inc.’s Peter Eliot will become chief executive officer of its holding company in Japan, according to a person with knowledge of the matter.
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Aviva Plc, the U.K.’s second- biggest insurer by market value, said its heads of Europe, North America and investment management will step down as it creates two divisions for developed and higher-growth markets.
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Citigroup Inc.’s head of Japan banking, Darren Buckley, will step down next month after the lender was punished by local regulators for the third time in seven years.
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Britain’s Serious Fraud Office, which prosecutes corporate bribery, uses too many secret settlements in foreign corruption cases, the Organization for Economic Cooperation and Development said.
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Citibank Japan Ltd. Chief Executive Officer Darren Buckley will resign on Jan. 10 after the lender was punished by Japanese regulators for insufficient controls at its retail business.
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Citigroup Inc. hired Kazuya Jono, a former executive at Sumitomo Mitsui Financial Group Inc., to head its banking operations in Japan, according to an internal memo obtained by Bloomberg News.
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Citigroup Inc. will move its Japan retail banking unit’s headquarters to Tokyo’s Shinjuku district from Shinagawa in 2014 to increase floor space and cut costs, according to an internal memo obtained by Bloomberg News.
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