8 articles found within the last year.
Displaying results 1 - 8
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Jupiter manager piles back into banks as outlook strengthens
Renowned financials investor Philip Gibbs has increased his ... Gibbs' £1.3bn (€1.4bn) financials fund at Jupiter Asset ... The latest figures published by Jupiter revealed a ... Gibbs last month predicted that bank shares would ... The news of Gibbs' dramatic turnaround on the...
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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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HSBC chief criticises 'guaranteed bonus' culture
HSBC’s chief executive has railed against the return ... Speaking at the Euromoney award dinner last night, ... Geoghegan said banks needed to ensure staff were ... He said: “We run on a philosophy that ... Speaking last month, HSBC chairman Stephen Green offered ... Geoghegan’s speech to an audience of more than...
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SG investment bankers take pay hit as writedowns drag on profits
Compensation for staff in the corporate and investment ... Revenues from trading, led by the fixed income, ... This meant that despite the strong performance from ... Société Générale said the fall in operating expenses ... Analysts at Credit Suisse wrote this morning in...
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European banks 'overvalued' after market rally
The recent stock market rally that has driven ... Since the beginning of March, stock markets have ... The European banks sector has led the rally, ... However, Credit Suisse said in a report today ... Analysts at the Swiss bank said: “We think ... This would mean an equity multiple of no...
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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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Absolute luxury appears to be recession-proof
The highest echelons of the luxury market are ... “Absolute luxury” brands, which is consultant speak for ... Guy Salter, deputy chairman of British luxury brands ... Emerging market buyers are at the front of ... However, studies show the wealthy are becoming choosier...
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News analysis: Shining a light into Woolies' £150m pension hole
The entry of UK retail chain Woolworths Group ... In a brief glance at Woolworths' most recent ... However, in reality, the deficit is likely to ... Woolworths has a final salary scheme that is ... But the company's entry into administration this morning ... It also means the companies that run the...
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