Latest news with #BOA
Business Times
4 days ago
- Business
- Business Times
JPMorgan is now worth more than three largest rivals combined
[NEW YORK] JPMorgan Chase keeps putting more distance between itself and key rivals. The first half saw the bank's market value surpass that of its three largest competitors, Bank of America (BOA), Citigroup and Wells Fargo, combined. It racked up US$30 billion of profit in that period, more than double its closest rival, and widened its lead over Goldman Sachs and Morgan Stanley in investment-banking revenue. In recent years, Wells Fargo has been stuck under an asset cap, Citigroup has been undergoing a painful overhaul and BOA has been dragged down by a pile of low-yielding bonds bought before rates went up. Meanwhile, JPMorgan picked up First Republic Bank on the cheap and is now the biggest US bank by US$1 trillion in assets, turning what was once a competitive top of the industry into a one-firm category. Even so, chief executive officer Jamie Dimon sees more threats than ever. 'All of our major bank competitors are back growing and expanding, you have the fintech folks who are quite capable and quite smart who want to take big chunks of your business,' Dimon said on Tuesday (Jul 15) on the firm's earnings call. 'We are quite cautious to just declare victory, like somehow we are entitled to these returns forever.' Indeed, some of the recent dynamics could be shifting. Wells Fargo's asset cap is gone, Citigroup reported its highest quarterly revenue in over a decade and Goldman widened its lead in equities trading. The Trump administration's embrace of the cryptocurrency industry has breathed air back into some upstarts. 'I don't know why you'd want a stablecoin as opposed to just a payment,' Dimon said. 'But I do think you have fintech, these guys are very smart. They are trying to figure out a way to create bank accounts and get into payment systems and rewards programmes, and we have to be cognisant of that.' BLOOMBERG
Daily Mirror
10-07-2025
- Business
- Daily Mirror
Team GB chief executive quits after 14 years to join private equity group
Andy Anson will leave the BOA in October to take up a private equity role. Andy Anson is leaving his role as Team GB head honcho to take up a private equity role. Anson, 60, has been chief executive at the British Olympic Association for six years and oversaw 60-plus medal returns at both the Tokyo and Paris Olympic Games. He joined the BOA in 2011 as a non-executive director. But he will step aside in October before joining London-based firm bd-capital, who recently bought the Science in Sport brand. Anson will sit on the fuelling company's board and the former Manchester United director will continue to serve as chair of Lancashire Cricket Club. "I am proud to have led an organisation that I love and care for. Olympic sport is so important to our country, and I hope I leave it in a better place today,' Anson said. "Commercially, we have enjoyed our best ever period of success and sustained growth and with that we have been able to build a financially stable organisation, fit for the future. READ MORE: Transfer news LIVE: Arsenal in Gyokeres stalemate, Man Utd's Mbeumo talks, £25m Chelsea star to leave READ MORE: Double Olympic champion rushed to hospital after suffering freak injury in wave pool "None of this could have happened without the brilliant team around me who dedicate themselves to supporting the athletes at the Olympic Games. "I'd also like to thank the current and former Board members, and everyone at our member sports, that I have enjoyed working alongside, in particular, Sir Hugh Robertson who gave me the opportunity to lead this amazing organisation. "Finally, a thank you to the incredible Team GB athletes, without whom there would be no Olympic Games. Your dedication and professionalism never fails to inspire me, and I look forward to watching you captivate the nation with your performances in Milano-Cortina, Los Angeles and beyond." Dame Katherine Grainger has hailed Andy Anson's influence. BOA chair Dame Katharine Grainger hailed Anson for his work at the organisation. She said: "Andy's tenure at the BOA is one that he can look back on with immense pride, and he leaves with the gratitude of all of us – Board members, his wider team and of course the athletes who he and his team have served and supported so well. "The BOA is in a strong place both on the sporting front ahead of the Milano-Cortina Olympic Winter Games, and on the commercial front. I wish him well and thank him for everything he has done for the organisation." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. Sky Sports discounted Premier League and EFL package Sky has slashed the price of its Essential TV and Sky Sports bundle ahead of the 2025/26 season, saving members £192 and offering more than 1,400 live matches across the Premier League, EFL and more. Sky will show at least 215 live Premier League games next season, an increase of up to 100 more.
The Star
10-07-2025
- Business
- The Star
Olympics-Anson to step down as British Olympic Association CEO
(Reuters) -Andy Anson will step down as chief executive officer of the British Olympic Association in October, ending a 14-year-long association with the organisation. Anson took on the CEO role in 2019 after serving as a non-executive director since 2011 and the 60-year-old will leave to join mid-market private equity firm bd-capital. During Anson's tenure, Britain secured more than 60 medals at both the 2020 Tokyo Games and the Paris Olympics last year, and delivered further success at the Winter Olympics and the European Games. "I am proud to have led an organisation that I love and care for. Olympic sport is so important to our country, and I hope I leave it in a better place today," Anson said in a statement on Thursday. "Commercially, we have enjoyed our best ever period of success and sustained growth and with that we have been able to build a financially stable organisation, fit for the future." Anson will stay in his role until October while the BOA begins the process of appointing his successor, with preparations already under way as Britain gears up for the Milano-Cortina Winter Olympics in February. "The BOA is in a strong place both on the sporting front ahead of the Milano-Cortina Olympic Winter Games, and on the commercial front. I wish him well and thank him for everything he has done for the organisation," BOA Chair Katherine Grainger said. (Reporting by Shifa Jahan in BengaluruEditing by Christian Radnedge)
Straits Times
10-07-2025
- Business
- Straits Times
Anson to step down as British Olympic Association CEO
Sign up now: Get ST's newsletters delivered to your inbox Andy Anson will step down as chief executive officer of the British Olympic Association in October, ending a 14-year-long association with the organisation. Anson took on the CEO role in 2019 after serving as a non-executive director since 2011 and the 60-year-old will leave to join mid-market private equity firm bd-capital. During Anson's tenure, Britain secured more than 60 medals at both the 2020 Tokyo Games and the Paris Olympics last year, and delivered further success at the Winter Olympics and the European Games. "I am proud to have led an organisation that I love and care for. Olympic sport is so important to our country, and I hope I leave it in a better place today," Anson said in a statement on Thursday. "Commercially, we have enjoyed our best ever period of success and sustained growth and with that we have been able to build a financially stable organisation, fit for the future." Anson will stay in his role until October while the BOA begins the process of appointing his successor, with preparations already under way as Britain gears up for the Milano-Cortina Winter Olympics in February. "The BOA is in a strong place both on the sporting front ahead of the Milano-Cortina Olympic Winter Games, and on the commercial front. I wish him well and thank him for everything he has done for the organisation," BOA Chair Katherine Grainger said. REUTERS
Time Out
23-06-2025
- Entertainment
- Time Out
The best steakhouses in Los Angeles
What is it? A scene-y Sunset Strip steakhouse with satellite locations in Santa Monica and Manhattan Beach. Why we love it: With its sultry interior design, reasonable prices (for a glitzy steakhouse, that is) and a commitment to consistency and high-touch service, it's no surprise that BOA has stuck around for over two decades. These days, executive chef Brendan Collins—formerly of Fia in Santa Monica—has refreshed the menu with a slate of new seafood items, including caviar-topped spicy tuna cones, tartare served on a bed of dry ice and a knockout lobster pasta spiced up with Calabrian chili. Signature dishes, such as the Wagyu meatball and classics like truffle mac-n-cheese, deliver the sort of familiar, craveable comfort that explains why BOA holds such wide appeal: The restaurant is just as popular among Gen Z influencers and starry-eyed tourists as it is among BOA's regular, typically older clientele of professionals and Hollywood power brokers. For a more subdued but still sultry vibe, try their more relaxed beachside outposts, both of which are perfect for an oceanside dinner date. Time Out tip: A newly added Wagyu flight lets you sample two ounces of meat from three different Japanese prefectures.
