180 articles found within the last year.
Displaying results 21 - 40
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Art and money: The City's top five donors
London Mayor Boris Johnson this week appealed to ... The head of buyout firm Blackstone’s mergers and ... The founder and co-chief executive of hedge fund ... The retired founder of venture capital firm Apax ... Bank of America Merrill Lynch's president for Europe, ... The former head of UK investment banking at...
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Comment: King Ludwig and the private banker
Wealth advisors are sometimes under so much pressure ... Named after a 19th Century Bavarian monarch, the ... The allure of the vast wealth of their ... Unlike others in the world of finance, wealth ... The reasons for the suicide this week of ... Psychiatrists say that suicide rarely is the result...
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Ex-Lehman broker sentenced to probation in insider case
A former Lehman Brothers Holdings broker has been ... At a hearing Wednesday, US District Judge George ... Bowers also was ordered to serve 2000 hours ... In May, Bowers pleaded guilty to conspiracy and ... Bowers is the fourth person to plead guilty ... Matthew Devlin, Bowers' former co-worker, pleaded guilty in...
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Former star traders launch new distressed debt firm
The former heads of European distressed debt trading ... Simon Mullaly and Lars Lemonius, who left Deutsche ... The credit crisis has forced widespread dislocations in ... A slew of former credit traders at big ... In a statement, Mullaly said: “Yorvik will not ... He added: “Our main focus will be less...
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Buffett reveals Lehman approach to insure assets
Warren Buffett on Tuesday revealed he was approached ... Speaking at a conference sponsored by Fortune magazine,...
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Lessons can be learnt, but banks cannot predict the next crisis
On the day after US President Barack Obama ... In a session that started late because of ... In a speech in New York to mark ... Young said the financial industry was pretty good ... Young said: “Memories fade and companies need to ... Kelly Mathieson, a managing director at JP Morgan,...
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Beckwith teams up with Parkes for European property venture
Sir John Beckwith, the veteran real-estate baron, has ... The team is considering options to capitalise on...
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Comment: Why letting Lehman fail was, unfortunately, right
It is one year this weekend since the ... There have been thousands of job losses in ... On Monday Financial News published a counterfactual history ... The problems caused by the Lehman debacle are ... So letting Lehman fail was a move that ... Well, possibly not. There are several reasons why...
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Comment: After Mack's four years, where now for Morgan Stanley?
John Mack's arrival back at Morgan Stanley in ... Mack returned to the bank where he had ... At the time, he said he had four ... There is little doubt that Mack succeeded in ... However on probably the most important priority - ... When Mack returned he immediately identified that the...
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JP Morgan chases hedge funds with new custody-plus unit
JP Morgan has become the latest large bank ... The US bank is combining the prime brokerage ... Devon George-Eghdami, managing director and head of the ... She said this pairing would offer both the ... Other banks have also been merging these businesses. ... Hedge funds have become attracted to this dual...
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Smithers castigates central bankers
Independent economist Andrew Smithers can always be relied ... He is dismissive of central bankers’ calibre, up ... As a result of their mistakes, the International ... In his newly published book, Wall Street Revalued, ... He said capital requirements should be highest at...
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Lehman buyout rebrands as Nemesis
Ambix Capital, the Monaco and London-based asset management ... Ambix Capital now becomes Nemesis Asset Management under ... The rebrand was part of the original strategy ... Nemesis manages four value-based long-only equity funds, and ... Nemesis has approximately $400m in client assets under...
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Goldman Sachs: The movie
The financial crisis is coming to the movies. ... The mighty Goldman Sachs, meantime, is being lampooned ... Matthew Rittberg, 30 years old, has written and ... Rittberg depicts the Goldman’s chiefs warning like the ... “What did I tell you,’’ says the Blankfein ... “It’s a Bamitzvah gift,’’ explains Ira, a pudgy...
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Hedge fund subscriptions back to pre-crisis levels
Hedge fund subscriptions have returned to pre-financial crisis ... The company, which runs middle- and back-office functions ... Redemptions of client funds are only $700m so ... Reporting its first-half results, GlobeOp said it has ... The company, whose shares trade on the London...
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Comment: No news was good news
The late Harold Macmillan, UK prime minister in ... In the absence of same, this summer has ... Equities are up by a half since March. ... Earlier this week, Credit Suisse private bank said ... However, just because the bad news has been ... Strategist Percival Stanion of Baring Asset Management reckons...
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Ex-Lehman president files $233m claim for compensation
Joseph Gregory, former president of Lehman Brothers, has ... Gregory claims that he is entitled to this...
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Citadel subsidiary clinches Lehman administration mandate
Citadel Solutions, a subsidiary of Citadel Investment Group, ... The mandate, which will almost triple the size...
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Former Lehman chief sells Manhattan apartment for $26m
Richard S. Fuld Jr., former chief executive of ... The Fulds purchased the apartment in early 2007...
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Citadel claims $470m from Lehman-linked derivatives
Citadel Investment Group has filed a claim with ... The amount being asked for includes the value...
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Lehman alumnus raises $35m for commodity hedge fund
Edward Fillipi, who spent a year selling commodity ... The start-up may begin trading in the first...
