05/17/2016

Barings CIO Lambden exits amid $260bn merger plans

Fixed income specialist Babson Capital Management, Cornerstone Real Estate Advisers and real assets manager Wood Creek Capital Management are to merge with the fund house later this year, with the resulting entity adopting the Barings brand.

05/17/2016

HSBC to cut 850 jobs in UK

HSBC set out its three-year restructuring plan last year with clear ambitions in mind – reduce its extended global network, shut down underperforming businesses, and improve earnings.