|
|
| The lender is to sell its interest in bank-owned housebuilder Crest Nicholson, marking a significant step in its move to reduce exposure to the distressed property sector |
|
|
|
|
| A top federal prosecutor in New York will?declare another front in the war on Wall Street fraud, focusing new resources on civil litigation to complement existing criminal actions. |
|
|
|
|
| The Irish government has sought to bring to a close the costly bail-out of Anglo Irish Bank with the decision to formally separate the bank's troubled property loans from itscustomer deposits |
|
|
|
|
| Simon Dingemans is leaving the bank to join drugmaker GlaxoSmith-Kline as chief financial officer at a time when global mergers and acquisitions activity is starting to heat up |
|
|
|
|
| Grant Thornton is the first major UK auditor to take action to new governance rules by announcing the appointment of independent non-executive directors to help oversee its business |
|
|
|
|
| Investor says the world's third-biggest hedge fund manager's bullish bets on banks and the US housing market and economy generated losses of 9.13 per cent in August for its Recovery fund |
|
|
|
|
| The world's largest commodities trader steps up its bet on coal, buying a nearly 5% stake in PT Bumi, the Indonesian miner for about $200m |
|
|
|
|
| Goldman Sachs poaches one of UBS's senior bankers in London, dealing a blow to the Swiss bank's corporate broking franchise |
|
|
|
|
| Greece's largest bank is planning to raise ?2.8bn ($3.5bn) in new capital in a move designed to bolster confidence in the Greek banking sector |
|
|
|
|
| Barclays' promotion of one of the world's best-paid investment bankers, coupled with the resignation of Stephen Green as HSBC executive chairman, stokes political row about whether big banks should be broken up |
|
|
|
|
| Former academic who has built Barclays Capital from scratch into a multibillion-pound operation, will take over from John Varley at Barclays' annual meeting next March |
|
|
|
|
| A US regulator is calling on Wall Street firms' expertise as it seeks to write rules to monitor the same firms' derivatives dealings for the first time |
|
|
|
|
| John Varley, who has long had a private plan to stand down as chief executive of Barclays, will stay on as a senior adviser on regulatory matters until next September |
|
|
|
|
| India's central bank governor urges the government to revise the pay of executives in state-controlled banks, a stark contrast with the finance and corporate affairs ministry's proposal |
|
|
|
|
| Private equity group trades verbal blows with US lender after mediation talks collapse, setting the stage for an acrimonious battle over who is to blame for the $6.1bn takeover of music group EMI |
|
|
|