HALISTER: U.S. Banks Should Uncouple CEO-Chair Roles, Slyngstad Tells FT

U.S. Banks Should Uncouple CEO-Chair Roles, Slyngstad Tells FT

(Bloomberg) -- Having CEO also serving as chairman is “not a sustainable position,” Yngve Slyngstad, CEO of Norway’s sovereign wealth fund, said in interview with the Financial Times.
  • Fund voted against combining the roles at Morgan Stanley and Wells Fargo last yr, also voted against shared roles of CEOs of Goldman Sachs, JPMorgan and Bank of America
  • Slyngstad says time is running out to end the practice, though could take generation to disappear
  • After 2008’s financial crisis, it’s untenable for banks not to separate such roles, Slyngstad says
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAC US (Bank of America Corp)
GS US (Goldman Sachs Group Inc/The)
JPM US (JPMorgan Chase & Co)
MS US (Morgan Stanley)
NORGPFG NO (Norges Bank Government Pension Fund Global)

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UUID: 7947283

HALISTER: ‘Kung Fu Panda 3’ Holds Off Clooney, Zombies to Keep No. 1 Spot

‘Kung Fu Panda 3’ Holds Off Clooney, Zombies to Keep No. 1 Spot

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
CMCSA US (Comcast Corp)
6758 JP (Sony Corp)
DWA US (DreamWorks Animation SKG Inc)
LGF US (Lions Gate Entertainment Corp)
SCOR US (comScore Inc)

People
Casey Affleck
George Clooney
Gitesh Pandya (Boxofficeguru.com)
Jane Austen
Josh Brolin

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UUID: 7947283

HALISTER: Sanofi Engaging with Investigators to Obtain Zika Virus Samples

Sanofi Engaging with Investigators to Obtain Zika Virus Samples

(Bloomberg) -- Sanofi is in touch with its network of clinical investigators in Brazil and across central and south America to obtain Zika virus samples, Sanofi Pasteur says in e-mailed statement.
  • Co. also spreading out to other potential sources to acquire virus samples
  • Sanofi seeks both historial and presently circulating Zika virus, including virus from well characterized clinical cases of disease: statement
  • Co. plans to develop 2 avenues of testing: rapid tests that can use blood or other fluid samples to detect genetic material of virus while it circulates; tests that look for antibodies in blood samples to detect prior presence of virus
  • NOTE: Brazil plans to allow sending of Zika samples overseas: Folha Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SAN FP (Sanofi)

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UUID: 7947283

HALISTER: Volkswagen May Report Earnings in April, Hold AGM in Early June

Volkswagen May Report Earnings in April, Hold AGM in Early June

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VOW GR (Volkswagen AG)

People
Eric Felber (Volkswagen AG)
Juergen Pieper (B Metzler seel Sohn & Co KGaA)
Kenneth Feinberg (Feinberg Firm PC/The)
Matthias Mueller (Volkswagen AG)

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UUID: 7947283

HALISTER: Citigroup, Hermes Warn on Impact of U.K. Exit From EU: S. Times

Citigroup, Hermes Warn on Impact of U.K. Exit From EU: S. Times

(Bloomberg) -- Citigroup calls vote “one of the biggest near-term global political uncertainties,” Sunday Times reports.
  • Bank puts risk of vote to leave at 20-30%, says effects on U.K. and EU would be “large and painful in economic and political terms”
  • Neil Williams, chief economist at Hermes Fund Managers, says base case is for U.K. to remain in EU but “uncertainty could soon build”
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
C US (Citigroup Inc)

People
Neil Williams (Hermes Fund Managers Ltd)

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UUID: 7947283