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Bank of America poaches Citi’s Regniez to co-head France investment banking By Reuters

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Bank of America poaches Citi’s Regniez to co-head France investment banking By Reuters



© Reuters. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri

By Pamela Barbaglia

LONDON (Reuters) -Bank of America has snapped up Emmanuel Regniez from Citigroup (NYSE:) to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo seen by Reuters.

Regniez will share the investment banking leadership for France with Jerome Morisseau and will work closely with Stephane Courbon and Laurent Vieillevigne – respectively chairman of the bank’s corporate and investment banking division for France and vice chairman of investment banking for France.

Regniez has 26 years of investment banking experience having worked for Nomura and Credit Suisse (SIX:) and most recently Citi, where he ran investment banking and sponsor coverage for France.

His move comes as Bank of America (NYSE:) is building out its senior team in France to expand its client base in Europe’s second biggest M&A market, according to Refinitiv’s first quarter data.

Last year it worked with French drugmaker Sanofi (NASDAQ:) on a major deal to sell a stake in Regeneron Pharmaceuticals Inc (NASDAQ:). valued at more than $11 billion.

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Airline CEOs ramp up pressure on governments to open up U.S., U.K. travel

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Airline CEOs ramp up pressure on governments to open up U.S., U.K. travel


A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020.

Matthew Childs | Reuters

The CEOs of several large U.S. and U.K. airlines on Tuesday ramped up pressure on their respective governments to revive air travel between the two countries, asking for a summit to discuss the issue.

“Public health must guide the reopening of international air travel and we are confident that the aviation industry possesses the right tools, based on data and science, to enable a safe and meaningful restart to transatlantic travel,” said the letter to U.S. Transportation Secretary Pete Buttigieg and his U.K. counterpart Grant Shapps. “U.S. and UK citizens would benefit from the significant testing capability and the successful trials of digital applications to verify health credentials.”

The letter was signed by the CEOs of Delta Air Lines, United Airlines, American Airlines, British Airways, Virgin Atlantic and JetBlue Airways, which aims to launch U.S.-U.K. service this summer, and U.S. industry group Airlines for America.

The executives pointed to the rise in vaccinations and the economic benefits of reopening travel. The U.S. currently bars the entry of most non-U.S. citizens or permanent residents traveling from Britain, while U.S. visitors face a 10-day quarantine upon entering the U.K.

The U.S. Transportation Department and the U.K.’s Department for Transport didn’t immediately comment.



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South Koreans flock to crypto amid a heavy-handed regulation approach By Cointelegraph

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South Koreans flock to crypto amid a heavy-handed regulation approach By Cointelegraph



South Koreans flock to crypto amid a heavy-handed regulation approach

In South Korea, one in three citizens either own cryptocurrencies or get paid in them. One-tenth of its population trades digital assets, and its youth unemployment rate hovers above 10%. It’s a competitive job market in the East-Asian nation, where high expenses enforce hierarchical social structures, and financial stability can seem like a pipe dream.

On matters of technology and innovation, South Korea is incredibly progressive. There’s been a lot of buzz around cryptocurrencies since news of their existence became common knowledge in the country.