Nomura’s Norikazu Akedo will become the sole head of Asia-Pacific equities after joint chief John Adair resigned, said two people with knowledge of the situation.
In the good old days, when Peter Clarke was finance director of Man Group, his job was to count the winnings as the AHL computer programme churned out excellent investment returns and enormous management fees. Back then, annual cash bonuses of £5m or £7m were the norm in the boardroom and executives could expect even bigger windfalls when their share options matured. AHL was a sensation, averaging an 18% annual return.
A hotel maid who claims she was brutally assaulted by Dominique Strauss-Kahn has settled her civil action against the former IMF chief for an undisclosed sum, in a move that allows her to "move on with her life", lawyers said.
Three British men were arrested on Tuesday as part of the investigation by the Serious Fraud Office into the manipulation of Libor.
Another kick in the teeth.
HSBC has reached agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws.
U.S. state and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.
Standard Chartered has announced that it has reached final settlements with the Office of Foreign Assets Control ('OFAC'), the Federal Reserve Bank of New York, the Department of Justice and the New York County District Attorney’s Office regarding historical sanctions compliance and U.S. dollar payment practices primarily between 2001 and 2007.
Man Group has announced that Peter Clarke, Chief Executive, has advised the company of his intention to retire and to step down from the Board on 28 February 2013.
Commerzbank sold $3.2bn of commercial real estate loans to Oaktree Capital and JPMorgan, making headway with its plan to reduce riskier assets.
Any EMEA involvement announced deals for the first half of 2015 by Thomson Reuters.
Any UK involvement announced deals for the first half of 2015 by Thomson Reuters.