Saturday, 21st November 2009

 

15 May 2009 - Press Briefing

CVC deal in doubt as Barclays courts BlackRock over sale of BGI

Barclays is in discussions to sell Barclays Global Investors to bidders believed to include BlackRock, for an estimated £6.5bn (€7.2bn), a move which could see the UK lender scrapping its agreed £3bn deal with CVC to sell iShares, according to a report in The Times, London.

BGI being one of the biggest money managers operating in 15 countries and having client assets of over £1 trillion, a purchase of the firm would provide BlackRock with a bigger footprint in the exchange-traded funds space.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Comment: Prince William seals the ascent of hedge funds
  3. Lombard Odier hires from Coutts
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347