C Suisse and a unit of Qatar Investment Authority, the Persian Gulf emirate’s sovereign-wealth fund, plan to start an asset-management joint venture, three people with knowledge of the matter said.
Gone are the days when investment banks looked only for the numerical whiz kids to help them in their investment decisions. Now, they use psychologists to get a better insight of how investors’ minds and the markets work.
CVC Capital Partners has announced that CVC's Chairman, Michael Smith will retire in January 2013. He will be succeeded by Donald Mackenzie, Rolly van Rappard and Steve Koltes who will act as co-chairmen of the group.
It's been quite a morning for UBS staff in London.
Deutsche Bank on Tuesday said it would cut 1,993 jobs, a slight upward revision of the 1,900 number disclosed by Germany's flagship lender in July, but significantly below the level of job cuts at peers like UBS.
UBS announced plans to cut around 10,000 jobs and close its fixed income business after a trading scandal and a quarterly net loss of $2.4bn Tuesday morning.
Hurricane Sandy sent floodwater gushing into New York’s five boroughs, submerging cars, tunnels and the subway system and plunging skyscrapers and neighborhoods into darkness.
Yep, those job loss numbers and restructuring details have now been released.
Citigroup announced last week that it has been ranked the greenest bank in the United States by Newsweek magazine.
The U.K. economy may have just exited recession by posting its strongest quarterly gross domestic product growth in five years, but according to a recently published book, the U.K. will have a third world economy by 2014.
The Justice Department is looking into possible fraudulent manipulation of the $12.5tril Treasurys market, The New York Post has learned.
UBS plans to transfer assets and operations into a new Swiss unit on June 14 to meet regulatory demands to make the company easier to break up in a crisis.
Navinder Singh Sarao will never rank among the most notorious inmates of HM Prison Wandsworth.