115 articles found within the last year.
Displaying results 101 - 115
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UBS unveils radical restructuring of FICC division
UBS is closing down its real estate and ... In an internal memo seen by Financial News, ... As a result, UBS is closing its real ... UBS said that as part of the restructuring, ... The closure of the three businesses is the ... Jerker Johansson, chief executive of UBS investment bank,...
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Cuts begin at Bank of America Merrill Lynch
Bank of America and Merrill Lynch are to ... A recruitment industry source with knowledge of the ... The cuts come as it emerged that Merrill ... A bonus pool of that size would equate ... Recruitment industry sources familiar with the Merrill Lynch ... One headhunting source said Bank of America...
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Oriel hires UBS listed funds team
UK broker Oriel Securities has continued to expand ... The UBS investment funds team has had conversations ... Simon Bragg, chief executive at Oriel Securities, said: ... “The individuals wanted to stick together and join ... He added that every new starter at Oriel ... Iain Scouller has been appointed a partner in...
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Global bank recapitalisations could top half a trillion dollars
Banks in the US and Europe face a ... In a normal banking crisis, Credit Suisse predicts ... In addition, the Swiss bank's strategists forecast that ... Banks in France are preparing for a second ... The government recently pledged to invest a further ... Pebereau said the banks are working with the...
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An oligarch's struggle
Just before midnight earlier this month, one of ... Mr Deripaska, in his first interview since the ... "Naturally the situation is difficult. If it were ... Like Russia's other industrial tycoons who flooded the ... No oligarchs have revealed their finances publicly, but...
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Bob Wigley takes his bow from Merrill Lynch
Bob Wigley, Merrill Lynch’s most senior Europe-based banker ... Wigley holds several high-profile board memberships including ... He joined Merrill Lynch 12 years to help ... Two years later, having been promoted to global ... Merrill Lynch chairman and chief executive John Thain...
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Global writedowns set to hit $1 trillion
The total of writedowns and credit losses in ... To put that figure – $986.8bn over four ... • At the current rate, it would take ... • The stack of bills would weigh 970,973 ... • Laid end to end, the bills would ... • Woven together as a carpet, they would...
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UBS ‘plans’ for Kurer’s departure
UBS has a contingency plan to replace chairman ... Sources close to UBS said it had contingency ... BP executive Sally Bott, who became independent head ... She was proposed as a board member in ... Kurer became chairman of UBS in April after...
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Americans call on Wall Street to ditch bonuses
Three-quarters of Americans believe Wall Street firms and ... Top executives at several banks including Merrill Lynch, ... However, a poll of 1,000 Americans jointly conducted ... Seventy-six percent of those polled said banks that ... A majority of respondents also said the US...
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Rising Stars: Supernovas outshine their predecessors
To paraphrase Oscar Wilde, the markets may be ... This year’s Rising Stars are the most multi-talented ... They include James Peterson, a 30-year-old partner at ... Those on the fourth list of young aspirants ... Notable absences from last year’s list include David ... André Esteves, the former global head of fixed...
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Row over advisers’ bonuses erupts at Merrill Lynch
Global wealth advisers working for Merrill Lynch are ... Bank of America’s rescue of Merrill Lynch was ... Some of them have been given nothing. Average ... Bank of America appears to have taken the ... Non-US assets of $142m account for 10.7% of ... But headhunters say global advisers feel they have...
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Credit Suisse begins second London cull
Credit Suisse is cutting 10% of its London-based ... Consultations began today with UK staff on 650 ... The latest round of cuts will take the ... Credit Suisse issued a statement blaming the latest ... It wrote: “Due to market conditions and projected ... Staff working in Credit Suisse’s proprietary trading business...
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FSA proposes two-tier system for London listings
The Financial Services Authority has proposed the creation ... Under the proposals, UK listings would be clearly ... There were concerns that secondary or global depositary ... Sally Dewar, FSA managing director of wholesale and ... Premium listings will have to meet the UK’s...
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Bank job cuts rise as outlook worsens
Ten, or even 20, is the new five. ... The last recruitment cycle began in 2003, when ... However, much of the recruiting has been concentrated ... Jonathan Evans, chairman of recruitment firm Sammons Associates ... Whereas in the previous downturn cuts were concentrated ... Thomas Drewry, managing partner at executive search firm...
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Securitisation chief departs UBS
The head of securitised products at UBS is ... Ramesh Singh, global head of real estate and ... Responsibility for running the division will now be ... Bill Chandler, has been appointed as head of ... Jim Reichek will continue to be US head ... Jack McCleary has been appointed as head of...
