The Civil Aviation Authority is undertaking the UK’s biggest-ever peacetime repatriation as it tries to handle the fallout from the travel giant’s collapse. He wasn’t a suspect in the laundering investigations and wasn’t among a group of Estonian bankers detained by police last year.Īround 94pc of Britons who had been due to fly back to the UK with Thomas Cook yesterday were successfully transported. Known as a workaholic, Rehe joined the bank a year before its 2007 takeover by Danske, from a job at the Estonian Tax and Customs Board. The case has dominated Estonian media since the former executive disappeared. Local public broadcaster ERR said Rehe was found dead in his garden, without saying how it obtained the information. A statement will be issued shortly, he added. Police had already warned that the 56-year-old, who was wearing a black jogging suit when he disappeared, was in personal danger with suicide deemed a “likely” scenario.Įstonia police spokesman Kristjan Lukk said by phone on Wednesday that Rehe’s body had been found, without giving further details. Bloomberg reports:Īivar Rehe, who was the chief executive officer of the Danske branch at the center of a $220bn money-laundering scandal until he left in 2015, had been missing since leaving his home in greater Tallinn two days ago. The former chief executive of troubled lender Danske Bank’s Estonian branch has been found dead after disappearing from his home on Monday. Here’s what you need to know about the drama unfolding in Washington: Donald Trump impeachment - what happens next and will he be convicted.The worst case scenario for US equities would be an Elizabeth Warren Presidency and this week’s developments have helped her gain momentum against Biden. Wall Street does not expect Trump to get impeached as Democrats will need two-thirds of Senators to convict Trump, a tall task since Republicans have the majority.

Global equities and yields are lower and the risk-off tone could gain traction as we enter a period of uncertainty with geopolitical risks. It seems stock traders will have to wait for the march into uncharted record territory as deepening political gridlock in the US and political posturing ahead of next month’s critical trade talks will likely overwhelm the prospects of global stimulus. OANDA analyst Edward Moya has offered a read on the latest political tumult in the US, where a fall in equities means the S&P missed out on the record high it drew within inches of reaching on Monday:

Here’s more on what Mr Sewing has been up to recently: Deutsche chief Christian Sewing invests 15pc of salary in troubled bank's shares.

They’ve already turned on the money tap to the limit.” He said: “What is really worrying is that the central banks have used their tools to a large extent already, so there are no conventional measures left to effectively cushion a real economic crisis. He also expressed concern for the future, warning that central banks have “used their tools to a large extent already”.

“We are relevant and our clients need us,” he said. Mr Sewing, who pushed through a sweeping overhaul of the bank earlier this year which involved the loss of 18,000 jobs, added that Deutsche's clients in Asia had recently reassured him that the troubled German lender has 'big opportunities' there. He suggested cutting corporate taxes, increasing pay to stop talented staff from moving to Silicon Valley and investing more in technology. Read Jeremy’s full analysis here: Greta Thunberg is wrong: economic growth is friend to the environment, not foeĭeutsche Bank chief Christian Sewing kicked off the third day of finance conference Sibos this morning by warning that Europe could lose its “relevance” on the global stage unless it acts quickly and decisively.Ĭalling for major change, the under-pressure banker told a packed auditorium in London that there needs to be a series of reforms in order to keep global investors interested. The flaw in her argument is so obvious that it scarcely needs pointing out: without economic growth, there is absolutely no prospect of the global solutions to climate change that are so urgently needed. “And all you can talk about is money and fairy tales of eternal economic growth.” “We are in the beginning of a mass extinction,” she angrily insisted before a grown up audience that like members of a religious cult seemed in awe of her every word.

Whether inspired or merely irritated by Greta Thunberg’s impassioned speech to the United Nations climate change summit, there was one rather telling line that is as clear a warning as they come of the dangers of allowing environmental policy to be dictated by the entitlement of a child, however legitimate her concerns. Our columnist Jeremy Warner has offered a response to climate activist Greta Thunberg’s speech to the UN.

Geri halma court reporting