The New York Times reports that George E. Doty Sr., a former partner at Goldman Sachs and longtime watcher of the investment bank’s finances, died on Tuesday at his home in Rye, N.Y. He was 94.
Schroders has announced that its wholly owned subsidiary, Schroder Singapore HoldingsPrivate Limited, has reached agreement to acquire 25% of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank Limited.
That counts as serious dissent. Almost one in three declined to approve Barclays' remuneration report; more than one in five voting shareholders do not want Alison Carnwath, head of the pay committee, to continue to serve as a director.
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (NYSE: WFC), today announced that a definitive agreement has been reached to acquire Merlin Securities, LLC, a San Francisco and NYC-based prime brokerage services and technology provider. Terms of the agreement were not disclosed.
Shareholders have demonstrated their mounting anger over runaway boardroom pay, delivering a huge protest against Barclays pay policies - including the £17m package for chief executive Bob Diamond.
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Realising that there's to be no 'get out of jail free card' for the next ten years or so, and that making easy money from a career in the markets is history, means that many bankers are now questioning their place in the scheme of things.
By Maseena Ziegler
Here's the latest Thomson Reuters Investment Banking scorecard.
It's all about protocol.
A rule designed to reduce risk in the financial system could end up punishing the wrong banks.
Another former senior government official has signed up to be a paid advisor to a multibillion-dollar hedge fund firm.
HSBC has chosen Birmingham as the headquarters for the ringfenced UK retail and commercial banking business it is setting up, in a move that will involve relocating 1,000 jobs from London.