116 articles found within the last year.
Displaying results 1 - 20
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Debt defaults hit record but expected to slow
Default rates of low quality debt at European ... Rating agency Standard & Poor’s expected the number ... The figure, which followed the agency’s last reported ... The research tracks companies in the EU, Norway, ... The aggregate outstanding debt held by the 81 ... The acceleration in defaults followed the collapse of...
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The cost of Wasserstein’s riches
Lazard investors consider this: The investment bank said ... To put that charge in perspective, consider that ... The charge for Wasserstein’s stock awards, which vest ... This comes as Lazard said it reduced overall ... On a per-employee basis, compensation levels are going...
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First UBS client charged by US gets probation in tax case
The first US client of UBS prosecuted in ... Defendant Steven Michael Rubinstein, a Florida accountant, also ... The sentence was lighter than the recommendation of ... Rubinstein was sentenced in a Florida federal court ... Prosecutors said Rubinstein communicated with UBS bankers from...
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ING to divest insurance operations
In a dramatic restructuring move, Dutch bancassurer ING ... ING said it would explore several options for ... ING also said Monday that it expects to ... ING said it had reached an agreement with ... ING said it has finalized negotiations with the ... In order to win EU approval the company...
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Trading-powered profit rebound prompts Suisse cheers
Credit Suisse enjoyed a Sfr5bn (€3.3bn) swing in ... The Swiss bank, which was nursing a Sfr3.2bn ... Net revenues at the investment banking arm swung ... Credit Suisse group chief executive Brady Dougan said: ... Dougan added the group's third-quarter performance "complemented a...
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Credit Suisse moves to meet G20 pay standards
Credit Suisse has become the first big bank ... Seven thousand managing directors and directors across Credit ... Credit Suisse chief executive Brady Dougan said the ... The new pay structure is designed to comply ... Credit Suisse last year pushed the boundaries on ... The new pay structure, which will be in...
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Trading engine room drives Goldman revenues but comp ratio falls
Goldman Sachs’ trading and principal investments business fell ... Trading and principal investments, which includes Goldman Sachs ... The bank generated net investment banking revenues of ... However, Goldman Sachs cut its compensation-to-revenues ratio to ... The results come a day after JP Morgan...
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Goldman's soft sell: Its warm, fuzzy side
Goldman Sachs will today announce that life is ... Hoping to defuse a politically combustible situation, Goldman ... His first job was selling peanuts and popcorn ... Company executives also have discussed increasing charitable contributions ... In a development that might help frame the...
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Crisis fails to dent largest banks' market shares
Massive changes in the investment banking industry over ... The findings appear in a report published this ... Bank of America Merrill Lynch, Citigroup and UBS ... Goldman Sachs’ share of the global investment banking ... JP Morgan, which has a market share of ... Credit Suisse's analysts wrote: “Across the industry, the...
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City bankers expect bigger bonuses despite clampdown
Almost two thirds of City of London workers ... The report by recruitment consultants Morgan McKinley also ... Eighty two percent of the 200 financial service ... Andrew Evans, managing director of Morgan McKinley’s financial ... When asked if there were plans to restructure...
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JP Morgan’s blow-out quarter leaves Winters in wonderland
JP Morgan more than doubled its net investment ... Net profits from investment banking hit $1.9bn (€1.3bn) ... The jump in profits was driven by the ... Profits for the first nine months of 2009 ... Here, Financial News provides a breakdown of the ... • Headcount and compensation ...
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Ex-Lehman Europe bankers claim $100m in lost pay
Nine former European bankers at Lehman Brothers are ... Filings lodged last month with Lehman Brothers Holdings’ ... They include: former co-chief executives of investment banking ... All the bankers cite deferred compensation or restricted ... The claims come as regulators around the world...
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New hires worth $300m to banking trio
Managing directors hired by Lazard, Greenhill and Evercore ... Analysts at Keefe, Bruyette & Woods have upgraded ... In a report released last week, KBW's analysts ... Over the past year Lazard has hired 17 ... Managing directors at Lazard are the most revenue-generative...
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Credit Suisse recruits ex-ABN banker as French chief
Credit Suisse has hired a former ABN Amro ... Pierre Fleuriot joins Credit Suisse to replace François ... Fleuriot ran the M&A business in France for ... According to the statement Fleuriot will be responsible ... Credit Suisse is no longer a leading player ... Varvel said: "These two senior appointments demonstrate our...
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Bank of the quarter: Credit Suisse returns to the top table
Rising from seventh to second place in Dealogic’s ... Advising Resolution on buying Friends Provident, the largest ... Credit Suisse underlined its credentials as one of ... Jim Amine, co-head of global investment banking at ... The strategy required the bank to overhaul its...
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Credit Suisse 'superstar' Amine switches to New York
Credit Suisse investment banking global co-head Jim Amine, ... Credit Suisse revealed the planned changes at the ... Amine, who has been described as one of ... Granetz is stepping down from the role after ... Amine will essentially take on Granetz's role by ... De Vecchi, a former Goldman Sachs banker who...
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Jupiter manager piles back into banks as outlook strengthens
Renowned financials investor Philip Gibbs has increased his ... Gibbs' £1.3bn (€1.4bn) financials fund at Jupiter Asset ... The latest figures published by Jupiter revealed a ... Gibbs last month predicted that bank shares would ... The news of Gibbs' dramatic turnaround on the...
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News analysis: How JP Morgan's two heads became one
Like Hollywood marriages, partnerships between senior bankers are ... In a world where precedents include the breakups ... From the start the co-chief executive structure proved ... Black and Winters were helped by the clear ... Their partnership was also helped by the size...
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HSBC reaffirms emerging markets focus with CEO shift
HSBC today delivered the strongest sign yet of ... For the first time since 1992, the banking ... HSBC’s chief executive has been based in London ... HSBC said it will remain domiciled in the ... It added Geoghegan’s move is in line with ... Geoghegan, it said, will be based in its...
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John Mack sees blue skies ahead
The financial crisis is behind us and there ... Mack told delegates at the conference in the ... Mack, who will stand down as chief executive ... The rebound in the economic outlook comes as ... Gorman, who previously ran the bank's wealth management ... Robert Kidder, lead director of Morgan Stanley's board,...
