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UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid are potential candidates for Standard Chartered's next chair. BP reports second-biggest annual profit in a decade. FT reveals concerns about the legitimacy of remittances sent from Mexicans in the US to Mexico. Adam Neumann tries to buy WeWork out of bankruptcy.
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Quick takeaways
- Standard Chartered is considering Sajid Javid and Charles Roxburg for the position of its next chair, given the bank's declining share price since 2015.
- Mexicans living in the US are sending a significant amount of money back home, raising concerns about potential money laundering by drug traffickers, possibly influenced by the cartels' change in strategy due to pandemic restrictions.
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UK Politics and Standard Chartered Chair Position
Standard Chartered is considering Sajid Javed, a conservative MP, and Charles Roxburg for the position of its next chair. The bank's share price has declined since 2015, making the role challenging.
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