07/30/2012

Ashburton to close funds after review

The funds include the Euro Asset Management, Sterling Total Return Bond, Dollar Total Return Bond, Americas Equity, Japan Equity fund.

07/30/2012

Natixis to cease ring trading on London Metal Exchange

The exchange said Natixis Commodity Markets will operate as a Category 2 broker from Monday, meaning it will no longer be able to trade as a Category 1 member taking part in the open-outcry ring trading.

07/26/2012

Church of England pension board puts faith in hedge funds

The 1.1 billion pound Church of England (CoE) Pensions Board has backed Winton Capital, Bridgewater Associates and BlackRock Advisors to help boost the retirement income for over 32,000 of its clergy and lay workers.

07/26/2012

CaixaBank profit dives 80pc

Caixabank SA , Spain's third-biggest lender by market value, said Friday its first-half net profit sank 80% as it set aside a big chunk of income to cover losses on its real estate assets.

07/26/2012

Profits drop at Bradford & Bingley ‎

UK Asset Resolution Limited which incorporates Bradford & Bingley plc and Northern Rock plc today issued its half year results for the six months ended 30 June 2012.

07/25/2012

Lloyds kicks off results season for Britain's battered banks

‘These half-year results show a continuation of what we delivered in the first quarter: significant balance sheet reshaping and another resilient performance against a backdrop of economic challenges and a lack of public confidence in our industry.

07/25/2012

Regulators slap capital charges on derivatives

The G20 countries agreed just after the collapse of U.S bank Lehman Brothers in 2008, in which opaque derivatives played a part, that dealers should clear contracts where possible to aid transparency.

07/25/2012

Santander reports 51% profit decline

The decline is a result of setting aside EUR 1,304 million for provisions for real estate exposure in Spain of the second quarter ordinary profit of EUR 1,404 million.

07/24/2012

New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to