London hedge fund to close after redemptions
London-based managers Thames River Capital are to close one of their hedge funds, Kingsway Plus, after a succession of investor…
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Guardian: Lloyds’ execs wanted pay rise
Lloyds Banking Group has sounded out shareholders about a change in its executive remuneration plans that could generate pay rises…
ByNew York Post: Brokers flee ML-BoA
As the merger of Bank of America and Merrill Lynch disintegrates into one of Wall Street’s most dysfunctional marriages, the…
ByML lays off hundreds of young brokers
Merrill Lynch Global Wealth Management, now part of Bank of America, has just laid off several hundred recently-joined or inexperienced…
ByFive Challenges for Those at Davos
Klaus Schwab, the founder of the World Economic Forum at Davos, explains how a new global era demands new global…
ByAP: 9 out of 10 bank execs still in post
They’ve been bailed out, but not kicked out. At banks that are receiving federal bailout money nearly nine out of…
ByAFP: Barclays shares up 75%
The share price of Barclays soared on Monday, closing up 73 per cent, after the group insisted it did not…
ByIn a crisis, dine out
To Nobu, the hedgies’ lunchtime haunt. No longer. The place was almost half empty. Not a hedgie in sight. To…
ByIran's nuclear bullseye
A pre-emptive, surgical strike to destroy the weaponisation capability looks like an attractive option. The disclosure that earlier in 2008…
ByBoom and bust burst back
Brown Boomed that he had Banished the Boom & Bust cycle, just as the Boom turned to Bust. Brown, as…
ByCredit Agricole, Societe General merge AM units
Crédit Agricole and Société Générale are to combine most of their asset management operations into one new unit which will…
ByOpaque financial system faces new force
What is described as a unique global coalition of civil society organizations and more than 50 governments has been launched…
ByFSA wants greater capital requirements
In a speech to business leaders last night, FSA chairman Adair Turner announced his vision for a wide-reaching reform of…
ByJersey-Germany tax co-operation deal ratified
Jersey’s government has ratified a Tax Information Exchange Agreement with Germany. Jersey’s government has ratified a Tax Information Exchange Agreement…
ByFT: Merrill Lynch brought bonuses forward
Merrill Lynch took the unusual step of accelerating bonus payments by a month last year, doling out billions of dollars…
ByHedge funds lose $782 billion in 2008
Hedge fund advisers Hennessee Group estimate that hedge fund assets decreased by $782 billion over 2008, the worst net outflows…
ByCrashing cycles
Is the world is set for a truly horrendous decade that could see a long recession of up to ten…
ByObama's smooth succession
Smooth political transitions never cease to amaze me: as a half-Czech Venezuelan I’ve seen my share of dictators. So that’s…
ByFT: Foreign lending tight for UK banks
Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas…
ByBloomberg: ML suffers $10bn Q4 outflow
Merrill Lynch clients withdrew $10 billion in the fourth quarter, more than triple the pace of the previous three months,…
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