03/27/2012
CaixaBank becomes Spain's biggest bank by assets
The merged bank will have 14 million customers.
Alternative Investments
03/27/2012
Novia adds stockbroker's model portfolios to platform
These services are suitable for private clients, companies, trusts and charities, pensions, ISAs and taxable portfolios.
03/27/2012
Return to operational profitability for Gottex in 2011
Gottex Fund Management has announced its annual results for the year ended 31 December 2011.
03/27/2012
Hedge-Fund Chief Plans Sparkling Wine in U.K. Vineyard
“Why sit in front of a computer screen for the rest of your life watching prices go up and down when watching grapes grow is so much less stressful?” Driver said yesterday in an interview at Rathfinny, where the sound is of seagulls and you ne
03/26/2012
Biggs to oversee flotation of RBS insurance arm
FORMER Aviva finance director Mike Biggs will oversee the flotation of Royal Bank of Scotland's insurance arm after being confirmed as chairman of the business, recently renamed Direct Line.
03/26/2012
Nicola Horlick to launch £2m film fund
Ms Horlick said: "Because we are able to work with top producers in Hollywood, the risk of failure looks as though it will be lower than we originally anticipated, which is reassuring for our investors."
03/26/2012
Bernheim, Dreyfus & Co Signs Deal With BofAML
Paris-based merger arbitrage specialist Bernheim, Dreyfus & Co. has appointed Bank of America Merrill Lynch as an additional prime broker for the Diva Synergy Fund and the Diva Synergy UCITS Fund.
03/26/2012
Goldman Sachs talks to Norman Foster over new European HQ in London
Goldman Sachs is pressing ahead with plans for a new European headquarters in London by holding discussions with Lord Foster and two other leading firms of architects.
03/26/2012
NBNK plots fresh Lloyds Banking Group branch bid
The sweetened £1.5bn offer, due to be tabled tomorrow, will propose Lloyds demerge the 632 "Project Verde" branches, float the business and allow NBNK to fully underwrite the demerger in cash. Lloyds has always said if the deal with Co-op
03/26/2012
BAML wins prime broker mandate for Paris hedge fund
Bernheim, Dreyfus, which manages $200 million in assets and which tries to make money by betting on M&A (mergers and acquisitions) deals, said on Friday it would split its activities between BAML and existing broker Newedge.
03/26/2012
Ex-BNP Paribas Boisson starts up in real estate
Based between London and Paris, Boisson will partner with a senior real estate banker in the US, and will start fundraising in May.
03/26/2012
Goldman Sachs talks to Norman Foster over new European HQ in London
The bank, which employs about 6,000 people in London, wants to redevelop a 1m sq ft site on Farringdon Street, around the corner from its current main offices, although construction is not imminent. I
03/26/2012
New UK bank plots fresh Lloyds Banking Group branch bid
That would mean shareholders in Lloyds – including the taxpayer, which owns 40pc of Lloyds through UK Financial Investments – will be allowed to choose between taking a new share in the Verde spin-off or accepting cash from NBNK.
03/26/2012
MF Global’s CEO ordered funds moved to JPMorgan
The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says.
03/26/2012
HSBC Securities Services launches in Germany
HSBC Securities Services will now offer sub-custody and clearing services to cross-border institutional investors in Germany.
03/23/2012
Metro Bank to add 260 jobs, eyes more capital
"We are looking for more capital to power the engine. We're creating careers here," he told Reuters.
03/22/2012
Investors face £60m loss after property firm liquidation
Two individuals were arrested and bailed earlier this month following allegations of fraud related to the firm.
03/22/2012
S&P launches new fund management rating system
The old system of assigning a number of ‘A’s has been replaced with a system of four bands – Platinum, Gold, Silver and Bronze.
03/21/2012
Deutsche top Europe commodity bank, beats Barclays
Both banks have been battling in recent years to challenge the supremacy in lucrative commodities by U.S. investment banks Goldman Sachs, JP Morgan and Morgan Stanley , which hold the top three global positions.
03/21/2012
Investors Displaying Growing Conviction in Growth - Research
Investors are more optimistic about corporate profits. A net 6 percent of the panel expects corporate profits to improve in the coming year. A month ago, a net 11 percent predicted profits would decline.