167 articles found within the last year.
Displaying results 41 - 60
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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...
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Private bank faces lawsuit threat over Lehman investments
Hapoalim Swiss, which is part of Bank Hapoalim ... Fischer, who has threatened to sue the bank,...
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Wegelin embraces transparency as its assets increase
The expected settlement between the US and UBS ... Wegelin & Co, which claims to be the ... The US Government, eager to track tax evaders, ... Konrad Hummler, managing partner of Wegelin, said: “Regardless ... Hummler believes his bank is well positioned to ... Hummler pointed to impressive first quarter inflows as...
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Memories of Lehman fade from a key measure of risk
Banks will soon face a test of whether ... The result is that the models will give ... The positive signals would be generated by what ... Despite one-year VAR's acknowledged flaws and bankers' attempts ... "The VAR model still determines the behaviour of ... Regulators around the world are planning to impose...
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Bank chiefs with most to lose lost the most
New academic research claims bank compensation schemes should ... Rüdiger Fahlenbrach, Swiss Finance Institute, Ecole Polytechnique Fédérale ... They compared the relation between executive incentives and ... - 20 chief executives had shares worth more ... - the largest equity positions were held by...
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Coffey helps GLG wake up to senior departure
The chairman of hedge fund GLG Partners has ... Announcing the company's second quarter results yesterday, Noam ... It is not known when Donald will leave ... Gottesman said Donald ran "a very small portion ... However, he reflected soberly on the past 18 ... Gottesman said: "We lost a major team and...
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Barclays Wealth boosts lending
Barclays Wealth grew its loan book by 30% ... Barclays Wealth was able to grow its market ... By comparison, Barclays' UK retail division pushed up ... The size of deposits placed with Barclays Wealth ... Elsewhere, Barclays Wealth reported a gain in client ... However, pre-tax profits at the private bank fell...
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Online brokerages grow at expense of traditional giants
Online brokerages have enjoyed a dramatic growth in ... TD Ameritrade and Charles Schwab, the two largest ... This trend underlines a loss of faith in...
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Commerz sells Dresdner private banking unit
Commerzbank, the German bank, is selling the Swiss ... The acquisition will boost LGT's total assets ... LGT said it expects to complete the integration ... Prince Max von und zu Liechtenstein, chief executive ... Commerzbank, Germany's second-largest bank, bought Dresdner Bank on...
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Morgan Stanley and UBS swap prime brokerage executives
Morgan Stanley and UBS, two prominent but impaired ... Stuart Hendel is in final negotiations to join ... Meanwhile, Alex Ehrlich, who in May vacated the ... Negotiations with Hendel aren't complete and could still ... The moves mark a rare switch of senior ... Amid the recent financial crisis, the prime brokerage...
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HSBC creates 50-strong team for new hedge fund service
HSBC has created a 50-man team to try ... In a memo to staff this morning from ... This "prime services" division will bring together HSBC’s ... However, HSBC's prime services offering will be more ... The decision to launch the prime services product ... Cian Burke, who will head HSBC’s prime services...
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Hedge funds enjoy AUM growth as redemptions slow down
The hedge fund industry’s total client assets surged ... Net of redemptions, the sector presently has $1,430bn...
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Boutique wealth manager hires fixed income specialist
London and Monaco-based asset manager Ambix Capital, formerly ... Marco Sticchi joins from Whitebream, a London-based asset ... Ambix Capital was bought out from Lehman Brothers's...
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Use derivatives only in moderation
Derivatives, like alcohol, can be damaging in excess, ... While the credit crunch – often likened to ... One head of strategy at a global asset ... The 2009 Financial News Derivatives in Fund Management ... Of 113 respondents to the poll, 40% expect ... Sean Kurian, senior investment consultant and manager of...
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Barclays' Jenkins will go it solo
Roger Jenkins, a high-profile executive for Barclays who ... Jenkins, executive chairman of investment banking and investment ... He plans to set up his own deal-advisory ... Jenkins, a 51-year-old Scotland native, was the point ... The departure of Jenkins, one of the ... The people familiar with the matter said ...
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Barclays Wealth hires team for big regional push
Barclays Wealth has hired four wealth managers from ... Bank of America Merrill Lynch last week confirmed ... Cox ran Merrill Lynch’s global investment solutions unit ... Sources close to Barclays said Cox is likely ... Following the collapse of Lehman Brothers, Barclays acquired...
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Former Lehman traders set for massive Barclays bonuses
Former Lehman Brothers traders recruited by Barclays are ... The bankers have generated massive profits from trading...
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Blackfish revives market with Luxembourg private bank takeover
A private equity-style acquisition of the Luxembourg operation ... The assets of Kaupthing Bank Luxembourg is to ... The new bank, Banque Havilland, will have a ... Jonathan Rowland, son of David Rowland, founder of ... Kaupthing was caught in Iceland’s banking crisis that...
