Jun 29, 2018
Week in Review, June 30
Together with the previously announced merger of the transport equipment division with Wabtec, the businesses being shed accounted for 33 per cent of the company's revenues and 30 per cent of its industrial profits last year. The US bank has chosen Paris as the main alternative hub to London for its investment banking operations. One senior BofA executive in London said the bank appeared determined to move faster than its rival US banks in pressing ahead with its Brexit plans. Uber scored a big victory this week in its battle to shed its reputation for an aggressive corporate culture ahead of a planned initial public offering next year, writes Aliya Ram. A judge at Westminster magistrates' court on Tuesday granted Uber a probationary 15-month licence, on the condition that the California company's London business submits to regular audits and does not employ senior managers who were aware of Greyball.
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