05/11/2012
Rock-bottom interest rates and uncertainty over the euro zone debt crisis have hurt flows into some life-insurance products and dragged AXA's shares down by 25 percent since March highs.
05/11/2012
Deutsche Bank will continue to evaluate the other three businesses, according to the statement.
05/10/2012
Citigroup leapfrogged Barclays Plc and UBS AG to become the second-biggest currency trader, Euromoney said in an e-mailed statement. Barclays slipped to third place and UBS to fourth, while HSBC Holdings Plc climbed into the top five.
05/10/2012
But some bankers argue that the European Central Bank’s €1tn of emergency bank loans – dubbed long-term refinancing operations and initiated by its president Mario Draghi – have at least partially weakened their investment thesis.
05/10/2012
The offshore fund, which is a sub-fund of the firm’s global sicav, has a ‘go anywhere’ strategy, allowing Bezalel to invest across the debt spectrum in any country and without being restricted by ratings.
05/09/2012
Whether the recent shift in Treasury yields reflects a short-term event or the beginning of a real reversal, Mr. Popp suggests that the time may be right for investors to evaluate how an eventual rise in interest rates may impact their portfolios.
05/09/2012
GlobeOp Financial Services will launch an independent, asset-weighted hedge fund performance index on May 15, 2012.
05/09/2012
Risk targeted funds can help financial advisers avoid portfolio drift, one of the significant concerns highlighted in the FSA’s recent paper on assessing investment suitability, says Skandia Investment Group.
05/09/2012
Forum aimed at helping develop offshore yuan center in London
05/09/2012
‘The new Economy Minister has already announced intentions to continue the privatization of the four state companies Transgaz, Romgaz, Hidroelectrica, Nuclearelectrica and of Tarom.
05/08/2012
"The requests for repayment exceeded liquidity by a very significant margin," Barbara Knoflach, manager of the 6 billion euro ($7.9 billion) fund, told Reuters on Monday.
05/08/2012
Asset manager Pimco has taken over management of the St. James’s Place Multi-Asset fund from Jupiter Asset Management.
05/07/2012
Fears are growing that the collapse of MF Global will leave financial institutions facing as much as £600m in fresh costs.
05/07/2012
Dexia’s planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank, sources said.
05/07/2012
The German and Dutch members of the PricewaterhouseCoopers network of consulting and auditing firms plan to merge to compete for auditing contracts with KPMG, Ernst & Young and Deloitte, the head of PwC Germany told WirtschaftsWoche magazine.
05/07/2012
The RBS building was built for wealthy merchant Lawrence Dundas and completed in 1774
05/04/2012
A Brazilian billionaire paid about 500 million pounds to buy an office building in the City of London financial district from a group of investors that breached the terms of loans secured by the building
05/04/2012
Fund ratings agency Morningstar OBSR has awarded bronze ratings to Schroders’ £281m European fund and UBS’s £91.4m US Growth fund.
05/04/2012
The average vote against U.K. compensation reports was 6 percent last year, according to Pension & Investment Research Consultants Ltd.
05/04/2012
Wall Street Tycoon Eyes Metro Bank Stake
One of Wall Street's best-known hedge fund managers is in talks to buy a stake in Metro Bank, Britain's first new high street lender in more than a century, I have learned.