89 articles found within the last year.
Displaying results 21 - 40
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UBS rainmaker advised on £50bn rescue package
One of UBS’s top London-based bankers was drafted ... Robin Budenberg, who has managed UBS’s relationship with ... Under the terms of the bailout the group ... Budenberg has worked on some of UBS’ most ... UBS has traditionally enjoyed close links with the ... Last year UBS was hired by the UK...
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UBS confirms 2000 job cuts
UBS said that as part of the continuing ... "The crisis in the financial markets requires us ... UBS said that amid the revamp it will ... The bank, which said it will exit most ... The revamp at the investment bank should help ... "A right-sized investment bank, positioned alongside UBS' wealth...
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UBS eyes further staff cuts as financial crisis continues
UBS has hinted it may look to cut ... The comments follow speculation earlier this week that ... Speaking at an extraordinary general meeting in Basel ... Jerker Johansson, who was hired in March from ... Kurer said this morning at the EGM that ... Part of this strategy will include increasing co-operation...
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Russian IPO slump worsens
The slump in Russia's equity capital markets deepened ... So far this year, there have been only ... The scale of the market setback has been ... The situation was worse than for Europe in ... The only Russian float in the third quarter ... The news that the US Senate had approved...
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Sigma's fall could worsen market's pain
The latest wave of financial turmoil has crippled ... In a sign of the repercussions of last ... The default will likely leave investors in some ... If the banks sell, they could worsen the ... Sigma's lenders could choose to keep the fund's ... An official at Gordian Knot., which runs Sigma,...
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UBS won't comment on possible job cuts
UBS declined to comment today on a report ... "We don't comment on rumors," a spokesman for ... The agency quoted two persons familiar with the ... At the EGM, shareholders will vote on the ... The new appointees will strengthen banking and financial ... Approval of all four nominees is expected. ...
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Ex-SG investment bank chief takes helm of €3 trillion funds arm
The former head of Société Générale's investment banking ... Jean-Pierre Mustier has been appointed head of global ... The appointment comes three months after Michel Pérétié ... Mustier replaces Alain Clot as head of SGAM ... Sylvie Rucar, the chief operating officer of global...
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Goldman Sachs is top M&A adviser
Goldman Sachs has reclaimed its crown as the ... The US investment bank, which yesterday received a ... Morgan Stanley, which was the world’s leading M&A ... Goldman Sachs also tops the global M&A fee ... The bank also tops the European M&A earnings...
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Bahraini bank offers $2m for top talent
Top investment bankers hit by the fallout from ... Bahrain-based Global Bank Corporation is seeking to take ... Hanson said: “The terms on offer are competitive ... The packages on offer at GBCorp are at ... GBCorp’s first priority is to recruit heads of ... Bahrain’s zero tax rates for individuals based in...
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Investment banks face 50% drop in profits
Investment banking profits could halve in two years ... Under BCG’s best-case scenario, investment banking profits may ... The findings come as broker-dealers find their business ... Shares in Morgan Stanley and Goldman Sachs, the ... Manny Weintraub, former managing director of Neuberger Berman...
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Banks losses to breach $500bn mark
The stricken financial institutions sector will suffer another ... Citigroup, Merrill Lynch and UBS have led the ... In a new report from rating agency Standard ... Scott Bugie, financial institutions credit analyst at S&P, ... Six months ago S&P said it calculated writedowns...
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Lehman stars on the headhunters’ wish list
Last week headhunters rushed to Canary Wharf to ... Christian Meissner, the co-head of the European and ... The message from the administrators to most of ... However, many of the bank’s staff are likely ... Financial News spoke to analysts, headhunters and rivals ... Riccardo Banchetti, co-chief executive, Europe and the Middle...
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Universal banks set to dominate investment banking
Universal banks are likely to dominate investment banking ... Bank of America, JP Morgan and Wachovia – ... The $50bn (€35bn) takeover of Merrill Lynch by ... Barclays' acquisition of the North American businesses of ... The turmoil across global financial markets has led...
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Russian equity collapse causes market suspension
Russia's two main stock exchanges were was forced ... The RTS Index closed an hour early yesterday ... Russia's other exchange also suspended trading after the ... The steep fall in RTS follows the already ... While the collapse of the US bank on ... RTS's falls this past week has followed previous...
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Goldman defends independent model as profits drop 71%
Goldman Sachs' chief financial officer said performance is ... David Viniar said on a conference call said: ... Viniar said that since going public the bank ... Questions have been raised over the remaining independent ... Viniar said Goldman's commercial banking competitors need to...
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Bank of America to become the world's largest wealth manager
Bank of America is set to become the ... The opportunity, which will also bring BofA exposure ... According to insiders, Merrill wealth advisers were shocked ... "It's the least bad option," said one. "Those ... US advisers, however> were nervous at the possibility...
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Noble launches Indian mid-cap research
Boutique investment bank Noble Group will for the ... Noble outlined its intentions to develop its coverage ... Noble, which has 24 analysts based in Mumbai, ... Over the past four or five years, foreign ... He added that foreign investment has been limited ... "The lack of information about Indian mid-sized companies...
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Deutsche pushes wealth cross-selling with Credit Suisse hires
The top two bankers responsible for overseeing the ... Robert-Jan Kalff, who was responsible for coordinating cross-selling ... His hire comes just months after Deutsche Bank ... Deutsche Bank said in a statement: “Our investment ... Top Deutsche Bank managers, including David Fass, head...
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Aftermarket performance of IPOs slumps to three-year low
The performance of new shares issued via European ... New listings in the second quarter performed the ... The average return after one day of trading ... Returns after one month of trading were not ... This is based on 33 deals so far ... The performance has been so bad it has...
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Macro-economic gloom dampens investor spirits
European investors have become more pessimistic about the ... According to the State Street Investor Confidence Index, ... The global index, which has swung erratically this ... The index, which was created by State Street ... The fall in the index comes in the ... Andrew Capon, vice president at State Street, said...
