01/05/2012
SocGen to replace private bank head
SocGen, France's second-listed bank, is cutting jobs, selling assets and overhauling management under Chief Executive Frederic Oudea as it seeks to restore investor confidence after a brutal 2011.
01/04/2012
In India, the debate has moved from ‘Why should I give?’ to ‘Who should I give to?’ and ‘What should I give to?’
01/04/2012
The year was “nerve shredding,” says Michael McLintock, chief executive of M&G, the UK manager owned by Prudential.
01/04/2012
Accountancy firm says main challenge affecting investment managers’ profitability are “cautious clients”.
01/04/2012
Gresham joins Nuveen Investments' multi-boutique family of distinct and specialized asset management affiliates which includes Nuveen Asset Management, NWQ Investment Management, Santa Barbara Asset Management, Symphony Asset Management, Tradewinds G
01/04/2012
He joins Signia Wealth after spending over seven years at Société Générale Private Banking Hambros
01/04/2012
First the F1 Grand Prix, then the new casino resorts with celebrity chefs and theme parks, and now superyachts – is this Monaco, or once-sleepy Singapore?
01/04/2012
The wife of Switzerland’s central bank governor has accused critics of trying to destabilise the Swiss National Bank by focusing on her family’s private financial dealings.
01/04/2012
Nine out of ten wealthy South Africans regularly donate money to worthy causes, and will continue to do so into the future.
01/03/2012
As the boss of an Asia-facing London-based bank booming in a global crisis, Peter Sands explains why the UK must follow Standard Chartered's lead.
01/03/2012
IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.
01/03/2012
The terms of the deal have not been disclosed.
01/03/2012
Economic reports will shed light on the depth of the downturn in the euro zone, which accounts for about a fifth of world output. Ratings companies lurk in the background, having already put the euro zone on notice for possible downgrades if the crisis ro
01/03/2012
The 68 billion-RMB group, which is into airlines, hotels, airport management, real estate, retail and tourism, is learnt to have offered above Rs 2,000 crore for the resorts.
01/03/2012
The tests will simulate how banks' finances would stand up under a variety of scenarios, such as fallout from the euro-zone debt crisis, weak economic growth or a double-dip recession, the Nikkei reported.
01/03/2012
It certainly seemed a realistic prospect. And yes, trade volumes have been volatile.
01/03/2012
The average tax rate for the 400 wealthiest Americans was 29.3 percent in 1993, but dropped to 18.1 percent in 2008, according to the latest IRS statistics.
01/03/2012
We don't begrudge anyone money he has worked for, but there is evidence some members of Congress have used their position for personal gain. There have been recent disclosures of use of inside information to trade on Wall Street - a practice that, in
01/03/2012
With healthy banks widely seen as essential to economic recovery, there is concern that US equities will struggle in 2012 unless financials break out of their deep slump.
01/03/2012
First, some £40billion of ‘credit easing’ designed to get cheaper credit flowing to small and medium sized enterprises and, second, a boost for infrastructure spending to create jobs and investment in new capital projects.