- Info
FT.com - Financial Services
FT.com - Financial Services
| Jan 09, 2009 |
Deutsche Postbank faces big 2008 loss
The German retail bank expects to report a big 2008 loss after it eliminated its stocks portfolio at the end of last year, triggering large hidden losses
|
| Jan 09, 2009 |
BC Partners admits Foxtons mistake
Press conference was organised to highlight changes to its investment portfolio and its new strategy during the recession, adding that it was in 'good shape'
|
| Jan 09, 2009 |
Australian banks raise $23bn on funding markets
Australia's big four retail banks and Macquarie Group have raised an estimated US$23bn on the international wholesale funding markets since the start of December after Canberra agreed to guarantee term funding
|
| Jan 09, 2009 |
Germany takes Commerzbank stake
The German state on Thursday injected a further €10bn into Commerzbank and took a 25 per cent stake to shore up the country's second-largest lender and allow it to complete the takeover of Dresdner Bank, its ailing rival
|
| Jan 09, 2009 |
Challenge to HBOS deal abandoned
Trustees to the HBOS Pension Scheme have opted not to proceed with a challenge to the bank's acquisition by Lloyds TSB after management persuaded them they could be imperilling the group's future
|
| Jan 09, 2009 |
Irish lender to cut new mortgages
Bank of Ireland is to stop selling mortgages through independent brokers in the UK to help shrink its balance sheet in a move that could lead to the loss of some 600 jobs
|
| Jan 09, 2009 |
SEC reopens probe into Pequot
The case centres on whether the hedge fund's chairman coaxed material, non-public information from a Microsoft employee and used it to generate more than $14m in profits
|
| Jan 09, 2009 |
Citi exposed to $1.4bn loss over LyondellBasell
Citigroup is to suffer a $1.4bn loss on its loans to LyondellBasell, the chemical group that placed dozens of its subsidiaries under bankruptcy protection this week after failing to restructure $26bn in debt
|
| Jan 08, 2009 |
Madoff ordered $150m transfer
Bernard Madoff ordered his UK company to transfer about $150m to his US firm just weeks before he allegedly confessed to running a $50bn fraud scheme, two former employees of Madoff Securities International said
|
| Jan 08, 2009 |
Hedge funds suffer record losses
The first complete set of data on the full-year performance of hedge funds in 2008 confirms that despite breaking a run of six successive losing months in December, the industry endured its worst ever year as the financial crisis wreaked havoc across a swathe of strategies
|
| Jan 08, 2009 |
Demand for full-time jobs drops
The economic downturn has now hit the full spectrum of jobs and is taking its toll on recruitment agencies such as Micheal Page and Hays who are having to cut staff as a result
|
| Jan 08, 2009 |
TD Ameritrade set to buy options broker
TD Ameritrade, the US online broker, signaled its intention to expand its presence in derivatives trading on Thursday by agreeing to take over thinkorswim, an online options broker, in a cash-and-shares deal worth $606m
|
| Jan 08, 2009 |
Commerzbank
The German banking giant has been forced into the chill embrace of Angela Merkel's government.
|
| Jan 08, 2009 |
SFO launches investigation into Madoff funds
UK financial investigators have launched a probe into the alleged $50bn Bernard Madoff fraud after receiving a report from Grant Thornton, the accounting firm
|
| Jan 08, 2009 |
Babcock trading halt ahead of creditor talks
Embattled Babcock & Brown had its shares placed in a trading halt ahead of late stage talks with its 25-member banking syndicate to agree a revised business plan
|
| Jan 08, 2009 |
Persimmon scraps final dividend to save cash
The housebuilder has scrapped its final dividend as it seeks to reduce its level of debt and conserve cash as negotiations as it warned conditions in the industry remained 'challenging'
|
| Jan 08, 2009 |
Land Securities sells outsourcing unit for £750m
The UK's largest commercial property group agreed the sale of Trillium, its outsourcing business, to family-owned William Pears for £750m, which is well below what the market was expecting and will result in a £340m loss for the group
|
| Jan 08, 2009 |
TPG Capital reshuffles emerging markets
The US private equity group is appointing a new boss for eastern Europe, India, China and south-east Asia, after suffering some disappointing investments in these regions
|
| Jan 07, 2009 |
Groves is made S&P ratings watchdog
Ernst & Young's former chief has been appointed to the credit ratings agency's newly-created office of ombudsman as part of efforts to strengthen its ratings process and improve governance
|
| Jan 07, 2009 |
RBS eyes sale of £2bn Chinese stake
Royal Bank of Scotland is considering selling its £2bn stake in Bank of China amid a scramble by foreign investors to cash in their lucrative holdings
|
Forgotten your Password?
Register?
