114 articles found within the last year.
Displaying results 21 - 40
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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,...
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Ex-Bear banking chief seals first deal with new boutique
The boutique investment firm co-founded by Bear Stearns’ ... BLM Partners, which was founded earlier this year ... AEG Power Solutions was previously owned by Belgian ... The acquisition was arranged through a rare reverse ... Lahnstein said: “We are delighted with the successful...
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Comment: Why letting Lehman fail was, unfortunately, right
It is one year this weekend since the ... There have been thousands of job losses in ... On Monday Financial News published a counterfactual history ... The problems caused by the Lehman debacle are ... So letting Lehman fail was a move that ... Well, possibly not. There are several reasons why...
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French banks 'likely winners' from regulatory clampdown
A new report has identified French banks as ... BNP Paribas and Société Générale are likely to ... The relatively low exposure of the two banks ... JP Morgan’s report comes weeks after analysts at ... The pressures on French investment banking businesses have ... However JP Morgan wrote in the research that...
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Renaissance boss moves into 'post-crisis' mode
The co-founder of Renaissance Capital has attempted to ... In a memo to staff last week, seen ... The memo comes 10 months after Renaissance was ... Following Prokhorov’s investment Renaissance cut hundreds of jobs ... Jennings wrote: “As always opportunities come with uncertainty...
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Banking inertia threatens plague of zombies
Banks’ continuing reluctance to finance new deals or ... A day after it emerged buyout firm Silverfleet ... The data showed the percentage of European companies ... Seniors lenders’ reluctance to restructure bad loans and ... Financial News and sister publication Private Equity News...
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Banks raise value of platinum accounts
Twenty-five years ago American Express introduced the world ... Among investment banks, the platinum tag has been ... A client reaches platinum status when its banking ... The financial crisis has made banks attach even ... allocate resources – both in terms of balance ... An analysis of banks’ wallet share between the...
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US boutique staff make millions in share sale
Staff at Greenhill and Evercore Partners made nearly ... Managing directors and senior advisers at Greenhill sold ... Goldman Sachs was the sole bookrunner on the ... The following Greenhill employees were among those who ... • Robert Greenhill, founder and chairman: $76m...
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Investors doubtful of IPO revival in Europe this year
Three-quarters of institutional investors are not expecting a ... The survey, carried out by UK-based investment bank ... The findings are based on a survey of ... European initial public offerings have a tendency to ... Shares in China State Construction Engineering Corporation shares...
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Lazard looks to future growth after returning to profit
Lazard put an "ugly" first-quarter loss behind it ... Profits at Lazard fell 33% to $43.1m (€30.3m) ... Lazard chairman and chief executive Bruce Wasserstein hailed ... He added Lazard is expecting "a gradual increase ... Second-quarter revenues from M&A and strategic advisory business...
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Ex-UBS man Costas plots 'major player' in investment banking
John Costas, the former head of UBS’ ill-fated ... Costas, who ran UBS’ investment bank before switching ... Costas has re-emerged as chairman of Princeridge, while ... The pair were first said to be teaming ... Princeridge’s other founding partners include ex-UBS executives Ahmed...
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Q&A with Jim O’Neill: The architect of Brics picks the building blocks of recovery
Acronyms can often be the enemy of clear ... So it has been with the “Bric” acronym, ... The bank initially fashioned the acronym to make ... Here O’Neill talks to Financial News about how ... Financial News: George Soros was saying in March ... Jim O’Neill: The rebound has been due to...
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Analysts fear emerging markets equity bubble
Investors have been pouring money into emerging markets, ... Investors globally ploughed a record $35.5bn (€24.9bn) into ... By contrast, investors withdrew $61bn from developed market ... MSCI Barra’s index of 22 emerging market stocks ... However, the strong performance of emerging market stocks...
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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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Former BarCap banker sets up advisory business for wealthy investors
Barclays Capital's former head of strategic equities for ... Jérôme Laurre left BarCap in May to set ... These deals help companies or financial institutions with ... Some of the greatest demand this year has ... As reported by Financial News this week, bankers ... Laurre, who has more than 12 years experience...
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Structured solutions: the $1.5bn gold mine
Big-ticket mergers and acquisitions activity and huge emergency ... Deals done by structured solutions teams are some ... The essence of structured solutions is simple – ... However, the financial crisis has made its mark, ... Yet, while profits in some other areas are ... Deutsche Bank has been one of the pioneers...
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UBS joins Saudi banking rush
UBS has become the latest investment bank to ... UBS has received approval from the Saudi Arabia's ... Business by law must employ at least 30% ... Mohamed Sammakia, chief executive of UBS Saudi Arabia, ... Japanese bank Nomura last week announced it had ... However, others are scaling back their operations in...
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Investment bankers move to Mayfair
London’s Mayfair, previously the stomping ground of hedge ... Neal Neilinger, chief investment officer of Aladdin Capital, ... Due to the credit crisis, the swelling tide ... Joseph Dryer, joint chief executive of Heritage Capital, ... Chronologically, the new firms fit into three categories:...
