Monday, 23rd November 2009

 

KBC said to eye buyers for European private banking assets

KBC has appointed JPMorgan to seek prospective suitors for its European private banking businesses, Belgian daily De Tijd said on Tuesday citing sources, according to a Reuters report.

The newspaper cited Julius Baer and Société Générale as possible bidders for KBL European Private Bankers.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Chopard out to show it has good timing

Luxury brands that thought they were immune to the vagaries of the global economy because they marketed their wares to the wealthy, have had a rude awakening this year.

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