11 articles found within the last year.
Displaying results 1 - 11
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Goldman to cut 10% of jobs
Goldman Sachs is preparing to cut about 10% ... The cuts, expected throughout the New York-based company, ... Goldman, which recently converted to a bank-holding company, ... In September, with the company's work force at ... The downsizing wave is likely to get worse ... Of the 61,000 employees at Merrill Lynch, thousands...
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Funds of funds facing unprecedented withdrawals
It may be premature to write the epitaph ... Fund of hedge funds managers have historically decided ... However, lately they have been besieged on many ... Chris Manser, who oversees $5.5bn globally in Axa ... Haley Tam, asset management and broker analyst at ... Irvine said: “You are looking through a market...
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Morgan Stanley bolsters Dubai wealth unit with new hirings
Morgan Stanley has bolstered its Dubai-based Private Wealth ... Hani Nabulsi and Mohammed Odeh have been hired ... Nadim Shabsogh joins from Bear Stearns in UK,...
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Voicing support, clients still move to pare back risks
Trading counterparties and clients of Lehman Brothers were ... Across Wall Street, the consensus was that Lehman ... On Wednesday, Goldman Sachs, Merrill Lynch, Morgan Stanley, ... Chief on some traders' minds was Lehman's credit ... The large US rating services are all reviewing...
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Morgan Stanley's wealth unit hires two senior managers
Morgan Stanley Private Wealth Management has hired two ... Nadim Shabsogh joins as an investment adviser and ... He comes from Bear Stearns in London, where ... Udi Oz joins from Lehman Brothers in London, ... At Lehman Brothers he was director in the ... Prior to that, Udi was also based at...
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JPMorgan hires veteran Bear Stearns private banker
JPMorgan Private Bank has hired a senior private ... Darren McDermott will report to Olivier de Givenchy, ... Givenchy said: “This appointment emphasizes JPMorgan’s commitment to ... Prior to joining JPMorgan, Darren was an associate ... Before that, he was an associate in private...
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Bear Stearns hedge fund managers may face indictments
Federal prosecutors, capping a yearlong investigation, are preparing ... The US Attorney's office in Brooklyn is slated ... The former Bear Stearns managers, Ralph Cioffi and ... At issue is whether the managers intentionally misled ... A spokesman for the US Attorney for New...
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Deutsche Bank private wealth unit hires senior Bear executive
Deutsche Bank Private Wealth Management has declared that ... “We are extremely pleased to add someone of ... Zahringer will report to G. Haig Ariyan, a ... Zahringer has over 30 years of financial services...
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JP Morgan to cut 4,000 but half of Bear staff to stay
JP Morgan will cut 4,000 of its own ... Speaking at JP Morgan’s annual general meeting yesterday, ... Cuts in JP Morgan’s own investment bank had ... Sources close to the situation had expected in ... Dimon also said he had instituted a hiring ... Back office employees are understood to be among...
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BoI Private Banking calls for discerning investor approach
Bank of Ireland Private Banking has urged investors ... Kevin Quinn, director with BoI Private Banking, said: ... Quinn said the first step for private investors ... Quinn pointed to gains of nearly 10% made...
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JP Morgan axes Bear's private client team in London
JP Morgan is shutting down Bear Stearn's London-based ... The US investment bank has been gradually cutting ... The news contradicts a letter sent from JP ... On senior banker affected by the decision said: ... He said their US counterparts would not be ... A banking source close to the situation said...
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