47 articles found within the last year.
Displaying results 21 - 40
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Mayor of London to lobby for hedge funds
London Mayor and influential Conservative politician Boris Johnson ... Speaking this morning at an event at the ... The European Commission proposed the directive in April ... Boris Johnson said this morning: "I support strong ... He added: "No other European city's financial services...
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Comment: Will regulators go the way of Mr Orange?
Putting aside its violence, Quentin Tarantino’s 1992 film ... Mr White is a criminal who doesn’t hesitate ... Mr Orange, an undercover police officer, spends most ... Mr Pink tells everyone to be true to ... Mr Blonde is a psychopath who infuriates Messrs ... Fast forward to 2009, and politicians across the...
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Bank staff fall short on regulatory know-how
Nearly half of investment banks are concerned about ... First Finance, an external provider of financial training ... Of those interviewed 45% said their own teams ... Peter Niklewicz, head of UK operations at First ... “The wide-ranging nature of the proposed regulation coming...
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a ... According to a statement released today, the SFO ... The statement said that the funds were allegedly ... Richard Alderman, director general at the SFO, said: ... The freezing of assets follows news that Stanford ... US District Judge David Hittner listened to new...
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News Analysis: So who has the world's best pension system?
There was a blizzard of dire warnings this ... Despite the meltdown of its banks and domestic ... For a start, the amount that Icelandic pension ... The savings do not appear to have come ... Iceland's citizens are also among the most thrifty ... As in the UK, the state pension forms...
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The British investment bank is back
It is one of the ironies of the ... As with the Wimbledon tennis championships, which start ... But that could soon change. Just when Britain ... Barclays Capital, HSBC and Standard Chartered are all ... The past 10 years have seen a rapid, ... Fast-forward to the end of last year and...
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The blogs: Wall Street’s reckless millionaires handed a free pass
William Cohan, the former senior investment banker turned ... • Cohan, author of The Last Tycoons: The ... He said: “But until Obama & Co. get ... • Felix Salmon at Thomson Reuters writes that ... He said: “But in order to get some ... Or, to put it another way, FOSC =...
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Hedge funds to face more scrutiny after Europe squeeze
Regulators will this week agree broad principles for ... At the 34th annual meeting of the International ... “The key issue will be to set high ... Consultation periods that lasted several months have now ... Hans Hoogervorst, chairman of Dutch market regulator AFM ... Tanzer said the conference would also look at...
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FTSE bosses' pay rises as shareholders and workers lose out
The pay packages of the UK's 100 top ... In terms of relationship breakdown between big companies ... According to the voting agency Manifest, the average ... In the same period, average UK earnings went ... During 2008, three-quarters of chief executives received a ... Anger at perceived "rewards for failure" and board...
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Banks balk at US push to rein in derivatives
The battle lines are being drawn in the ... A group of banks and money managers will ... The banks are treading a fine line. They ... Earlier this month, the US proposed giving the ... Wall Street banks with large derivative-trading businesses have ... Potentially billions of dollars in revenue is at...
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Banks use life insurance to fund bonuses
Banks are using a little-known tactic to help ... Banks took out much of this life insurance ... Bank of America has the most life insurance ... The insurance policies essentially are informal pension funds ... Though not improper, the practice is similar to ... Efforts to rein in the practice largely have...
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FSA staggers fine as trader pleads 'hardship'
A Morgan Stanley trader who was dismissed in ... Matthew Piper, a former proprietary trader on Morgan ... The FSA today banned him from any roles ... Piper, whose address listed by the FSA is ... Morgan Stanley also received a £1.4m fine from ... The US bank joins rivals Citigroup, Deutsche Bank...
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Hedge Funds: Short-selling ban ‘did not work’
Representatives of the financial services industry this year ... The Financial Services Authority and its counterparts in ... The restrictions barred anyone, primarily hedge funds and ... The UK lifted its ban in January; the ... The London Stock Exchange’s evidence to the Treasury...
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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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Soros urges G20 emerging market focus
Billionaire stock picker George Soros has urged the ... In a hastily arranged lecture at the London ... He specifically called for the 20 governments to ... Soros argued that by doing this, emerging markets’ ... Extending the SDR programme is already under consideration...
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Brown calls for global co-operation in WSJ interview
Gordon Brown, the UK Prime Minister, said he ... Brown's interview with The Wall Street Journal in ... Brown has been embarking on a pre-G20 summit ... In Brown's opening remarks in the interview with ... On being asked if the G20 meeting would ... However, his comments follows increasing concerns that political...
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UBS restates 2008 loss
UBS, which in 2008 reported the biggest ever ... It said its 2008 net loss was now ... It had already indicated it would charge the ... UBS said that apart from the settlement agreements ... "Even after substantial risk reduction, our balance sheet ... "Net new money remains positive for our Wealth...
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ING plans bonus claw backs for underperforming managers
ING Investment Management, the funds arm of the ... Jan Straatman, who pioneered revolutionary techniques to harmonise ... Last month the UK´s Financial Services Authority said ... ING´s move suggests investment management companies will also ... Straatman said: "We are creating much more symmetry...
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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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Was John Thain right about Merrill Lynch bonuses?
Former Merrill Lynch chief executive John Thain was ... Deal Journal has reviewed the private bonus agreement ... It is technically a non-public schedule that is ... The nuts and bolts of Merrill’s year-end bonus ... “The form and terms and conditions of the ... What Bank of America knew about $4bn in...
