Thomas Gottstein, Credit Suisse chief executive, has shown his hand. After sitting on the sidelines, observing a succession of large losses mostly gestated by his predecessor, Gottstein has finally dispensed with two of the people he previously favoured: head of the investment bank Brian Chin, and head of risk and compliance Lara Warner. The implication is that it takes Gottstein a long time to act, but he s pretty decisive about it when he does. Serious lessons will be learned,” he declared sternly today.
Serious lessons do indeed need to be learned. The list of losses during Gottstein s tenure, which only began in February 2020, is already long. Last year, there was Luckin Coffee and Wirecard. This year, there s been a $600m fine relating to U.S. mortgage securities in 2008, a $450m writedown on hedge fund York Capital, losses of up to $3bn relating to Greensill, and then a loss of $4.7bn relating to hedge fund Archegos Capital Management.
(PRNewsfoto/EV Connect) This project is designed to deliver previously unavailable data and lessons about a technology that will quickly move into the mainstream, and the partnership with an industry leader like EV Connect is critical to generating real-world data, said Tim O Hara, managing director, ESN. Testing communications protocols, battery conditions, and uncovering the inevitable unknowns is vital for the many industry stakeholders involved in the future of V2G. With the capabilities provided by EV Connect as part of our lab and onsite infrastructure, the BIC will be able to validate from the battery pack through to the fully installed systems in the vehicle, said Ben Wrightsman, president and CEO, BIC. With the existing connection to the local ISO grid at our facility and direct collaboration with our utility provider and generator, combined, we have one of the few first of its kind platforms for advancing V2G into reality.
EV Connect Piloting Indiana s First V2G Capable Charging System ngtnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ngtnews.com Daily Mail and Mail on Sunday newspapers.
The Youngstown Warren Regional Chamber will give its Spirit of the Valley Award to General Motors at its annual meeting Wednesday a decision upsetting a number of those who lost their jobs or relocated when the company closed its Lordstown plant.
The timing of the award is bad a little more than two years to the day, March 6, 2019 that the last Chevrolet Cruze rolled off the production line at the assembly plant.
The closure was a devastating blow to the region with about 1,500 jobs lost that day. The plant had employed about three times that amount about five years earlier.
In a wrestling season that many people thought wouldn’t happen, Milford not only had a solid season, but also faired quite well in the just completed Delaware State Wrestling Tournament. The Buccaneers had four wrestlers qualify for the finals, with junior Jack Thode and senior Trent Grant gaining individual tiles. This year with the team championships also being scored in the individual tournament, Milford would finish third in Division I, behind Cape Henlopen and Salesianum. “I was very happy with how we did this year considering all the obstacles we faced as a team. It took a great deal of hard work on the part of everyone in the Delaware wrestling community to pull this off. At the end of the day, it would have been nice to finish higher but considering we really didn’t have any depth in the upper weights, I think we exceeded our expectations,” coach Don Parsley said.