114 articles found within the last year.
Displaying results 81 - 100
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FSA to publish review of 'unbundling'
The UK's Financial Services Authority is due to ... The aim of the unbundling, which was introduced ... It also promised to give fund managers the ... One indication that unbundling has been slow to ... The 2008 Financial News Buyside Trading Poll showed ... The poll, which was based on a survey...
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Ex-Goldman heads launch advisory firm
A former managing director and an executive director ... Bimaljit Hundal, a former managing director and head ... It received Financial Services Authority approval in January. ... Egerton-Warburton left Goldman in June 2007, while Hundal ... Egerton-Warburton told Financial News: “We believe there is...
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UBS continues Asia reshuffle
Stephen Gore has been named head of mergers ... Gore, who has led UBS's financial sponsors coverage ... Gore will report into Hanning and Chin who ... At the same time Henry Cai was named ... The Swiss investment bank also appointed Saurabh Beniwal ... UBS has been one of the worst hit...
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UBS hires ex-Credit Suisse banker for restructure
UBS said Wednesday it hired a former high-ranking ... The Zurich-based bank said it will hire Ulrich ... Until August, former McKinsey consultant Koerner was head ... In hiring Koerner to oversee the streamlining of ... There, he noted that the bank's management is ... Wednesday's statement contained no specifics on job cuts,...
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Bankers set for pay overhaul
Pay at investment banks is set for a ... More than 90% of banks responding to a ... That could mean bankers, particularly those working in ... The report says: “The Institute of International Finance ... Josef Ackermann, chairman and chief executive of Deutsche ... The publication of the report coincides with this...
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UBS could reap €280m profit from bond buyback
UBS could stand to make an after-tax profit ... In a note to clients today from BNP ... UBS said yesterday that it plans to buy ... UBS expects to pay between 62.5 and 65% ... Olivia Frieser, European banks analyst at BNP Paribas, ... Such bonds, which for part of a larger ... According to bankers, other banks could follow UBS...
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UniCredit staff learn that bonuses are axed
Staff working in UniCredit’s investment banking division were ... Financial News and Wealth Bulletin have learnt that ... In the letter obtained by Financial News, investment ... Spezzotti along with all members of the investment ... UniCredit will report its full-year results on March...
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Hands urges return to post-Depression policy
Guy Hands, the founder and chief executive of ... Hands cited insufficient transparency in both public and ... His letter from the annual review follows in ... I am delighted to present the second Annual ... In the time since our last Annual Review, ... The dramatic worldwide decline in stock market values...
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Private banks reap benefits from rivals’ troubles
Lombard Odier has hired Michael Kuenzi from UBS ... Kuenzi left UBS last month after putting together ... Elsewhere, Geneva-based Lombard Odier has appointed Paul Marson ... Financial News’ sister online news service, www.wealth-bulletin.com, revealed ... Swiss private bank Sarasin is controlled by Dutch...
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London tightens its grip on forex trading
The amount of foreign currency traded in the ... Figures compiled by Financial News based on the ... Last April, UK trading represented 58% of the ... The central banks – based in London, New ... The rise in FX trading has been caused ... The figures underscore the increased importance banks attach...
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RBS assets for sale - no time wasters, please
The Royal Bank of Scotland’s newly-installed chief executive ... Hester, along with UK Financial Investments Ltd, the ... RBS, which is 68% owned by the UK ... RBS said in today's statement: "It is intended ... The good bank will constitute its UK and ... The ‘bad’ bank comprises assets worth up over...
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Investment banking fees to worsen after 23% fall
Banks are to suffer from a further deterioration ... Worldwide investment banking fees totalled $3bn (€2.3bn) in ... Last month's fall in fees came despite a ... The Credit Suisse analysts wrote: "We continue to ... It added: “In our opinion, the good news ... Falls in revenues from capital markets and M&A...
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McKinsey survey finds restructuring plans on the rise
The issue of restructuring of companies during the ... The proportion of executives that said their companies ... The trend was identified by a survey ... The results come as boutique advisory firms expand ... The proportion of executives surveyed by McKinsey that ... However, the most common strategies adopted by executives...
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Credit Suisse compensation drops 25% after loss
Investment banking staff at Credit Suisse earned on ... The compensation and benefits bill at Credit Suisse’s ... The division’s 20,600 staff at the end of ... Credit Suisse said the lower compensation bill was ... The bank last year introduced new elements to ... The compensation bill does not include severance and...
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Banks’ latest writedown woe – their art
Ever since the Italian Renaissance in the 15th ... And modern banking is no exception. But as ... Stacey Gershon, a New York-based art adviser and ... Charles Thomson, co-founder of the art movement known ... Maybe a bank thinks it is keeping up ... Deutsche Bank, which last week reported its first...
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BofA sets up deferred pay scheme as bonuses fall 80%
Bank of America staff will receive the first ... Bonus pay, which was down on average about ... Seventy percent of the Bank of America bonus ... The remaining 30% will be paid through an ... Compensation has become a divisive issue at Bank ... A spokeswoman for Bank of America said: “We...
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Comment: Expect surgery at UBS wealth division
UBS' fourth quarter results next Tuesday are expected ... Industry sources say the most likely bidder for ... Wells Fargo could not be reached for comment. ... UBS sources make the point that the last ... So far, changes to UBS' much-prized wealth unit ... But surgery in wealth is now inevitable following...
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Staff wait for bonuses as deferred compensation spreads
One of the main tools of any banker ... These skills are usually applied to trying to ... Deferred compensation is on the increase at most ... Last week, Bank of America’s workers at the ... Stephane Rambosson, a partner at recruitment consultants Veni ... At Citigroup, as much as a quarter of...
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Bankers braced for bonus day blues
The effects of the credit crunch will begin ... Research by Financial News shows six banks will ... Deutsche Bank and UBS employees will discover next ... One trader said: “Even staff that made tens ... Deutsche Bank is expected to again pay out ... At Citigroup, which paid staff bonuses last Friday,...
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Citi forecasts 41% dive in financials' future earnings
Earnings from global financial companies will collapse by ... The Citigroup strategists have argued in the report, ... It predicted that equity returns for global financials ... It has based its analysis on the depth ... Earnings by global financials have already declined by...
