158 articles found within the last year.
Displaying results 1 - 20
-
Crisis CEOs: Where are they now?
John Thain, the former Merrill Lynch chief executive ... Thain has been appointed as the new chief ... Below, Financial News looks back at some of ... • Stan O'Neal - left Merrill Lynch in ... O'Neal has taken a role on the board ... • Chuck Prince - left Citigroup in November...
-
What I Learned at the AIG Meltdown
The bailout of American International Group (AIG) in ... Some have suggested that Treasury Secretary Timothy Geithner's ... One, the insurance policyholders at AIG were protected ... Two, the unregulated use of credit default swaps ... Three, in September 2008 the Federal Reserve acted...
-
Close Asset Management names financial chief
Close Asset Management has named Paul Chambers, a ... Chambers has previously served at the likes of...
-
US judge contradicts UK ruling on Lehman SPV liquidation
A US judge on Monday ruled that a ... A hearing is scheduled for February 10 to...
-
Proposals expected to trigger hedge fund M&A
President Obama's declared intention of curtailing banks' involvement ... Obama announced yesterday: "Banks will no longer be ... The US President was talking of US banks, ... Hendrik du Toit, chief executive of Investec Asset ... "But more generally, good asset managers will now...
-
Banks square up for London talent war
London's financial services industry is gearing up for ... According to a survey by recruitment consultancy Morgan ... Over half of the 124 HR and line ... The last 18 months have seen a flood ... Other firms across the financial industry have also ... Asked what would be the main personnel challenge...
-
JP Morgan Private Bank targets mere millionaires
Traditionally a private bank for ultra-high net worth ... Pablo Garnica, head of the private bank in ... “This [the high net worth market] is certainly ... Analysts said high net worth accounts usually yielded ... Very wealthy clients, those with more than €10m, ... In the past, JP Morgan has gone after...
-
Funds of hedge funds cut down to size
Embarrassment, upset and underperformance. After causing its customers ... The past 18 months have proved a turning ... However, the value of the industry’s assets under ... The fund of hedge funds industry’s reputation took ... Adding to investors’ distress, funds of hedge funds...
-
European commercial property investments hit two-year high
The value of European commercial property transactions topped ... The UK emerged as the hottest investment destination,...
-
Lehman warns big banks against ‘unreasonable’ US claims
Big US banks trying to reap multi-billion-dollar windfalls ... Marsal argued that banks’ use of provisions under...
-
Bankers expect deals and fees to bounce back
The prospect of a rebound in private equity ... But bankers are hopeful that a spate of ... Private equity firms paid investment banks $3.8bn (€2.6bn) ... Marc Vermeulen, head of the financial sponsors coverage ... According to Didier Denat, head of European financial ... He added that efforts by private equity firms...
-
Bank to auction €20m bronze sculpture
Commerzbank is auctioning next month a bronze sculpture ... The lifesize Alberto Giacometti sculpture, L’Homme qui marche ... Formerly part of the corporate collection of Germany's ... Proceeds from the sale will be put towards ... The move is the latest by a bank ... Last month the Royal Bank of Scotland confirmed...
-
Which artists make the most money
Despite big falls in the art market last ... Top place went to Damien Hirst, whose works ... Second was the late Jean-Michel Basquiat, a US ... Third place went to US artist Richard Prince ... Although Hirst came in at number one, his ... The September sale, which began on the same...
-
Top talent faces smaller bonus pools and tougher competition
Oxford University students might not agree that bankers ... Those were the findings of a survey carried ... The findings echo the view of Lord Turner, ... Despite the reputational damage and public criticism heaped ... It could be a sign of tough economic ... Far from a mood of revolution, bankers are...
-
More Brokers Flee Big Firms, Taking Investors With Them
Independent financial advisers are gaining ground from Wall ... The ranks of brokers at major Wall Street ... The financial turmoil of the past 18 months ... Brett Sharkey, Eric Thurber and Fred Molfino, who ... Eric Thurber and two associates, who oversaw $740 ... After the collapse of Lehman Brothers in the...
-
2010 in Richistan: The Year of the Muddling Millionaires
At the beginning of 2009, the rich looked ... The population of U.S. millionaires shrunk more than ... Was “Richistan” gone for good? Would wealth ever ... The fears ended up being far worse than ... That doesn’t mean Richistan is back to the ... Here is a list of specific predictions for...
-
Former European clients back PwC plan for Lehman asset payback
Over 90% of Lehman Brothers’ former European customers ... The former clients, who number almost 1,000 and...
-
The Decade in Review: What boom and bust taught us in the 2000s
If you could travel back in time to ... As the millennium turned, reality set in. ... In March 2000 the Internet bubble burst, destroying ... Business leaders, who were popular heroes and graced ... CEOs, whose job tenure once rivaled that of ... China was the great success story of the...
-
Judge approves Lehman bonus plan
A judge yesterday said Lehman Brothers Holdings could ... Lehman said the bonuses are crucial to prevent ... Judge James Peck of the US Bankruptcy Court ... Richard Krasnow said the 230 employees given the ... At the time of its collapse, Lehman was ... Judge Peck also approved Lehman's request to pump...
-
In year of investing dangerously, Buffett looked 'into the abyss'
Warren Buffett believes his best deals during the ... Buffett slammed the door on one opportunity after ... In a series of interviews with The Wall ... "I bought my first stock in 1942, and ... On March 28, 2008, Buffett, Berkshire's chairman, took ... That night, in his offices in Omaha, Buffett...
