The winners of the IFR Asia Awards were announced last week. Here's a note of who won the awards of most interest to our readers:
Well, we want to find out what you think will happen in the financial markets in 2007. Let us know about mergers you feel will be done, CEOs who will move in or get fired or any other major financial news event which you can foresee as the year unfolds.
According to research firm Dealogic, Citigroup topped the league table for fees for advising on private-equity deals in the Asia Pacific region last year. The firm earned $85m, and was followed by Nomura ($50m), and Credit Suisse ($43m). Citi is also favourite to top this table again in 2006, after getting off to a flying start to the year.
All the news in the last few days has been about bonuses. And today is no exception.
Bank of America is said to be close to settling an investigation into alleged money laundering through New York. According to Manhattan District Attorney Robert Morgenthau, around $2bn was moved through New York branches of the Bank from South Africa. Prosecutors are thought to be close to finalising a deal, which may cost the bank up to $25m.
But only if you're a cleaner, of course.
The Wall Street Journal reports that Citigroup boss Chuck Prince has said that 'he doesn't expect the company to shed any of its major business lines', despite rumours that a break-up of the financial giant is the only thing that will move the Citigroup share price.
The Financial Times reports that French bank BNP Paribas is to acquire the Paris-based private banking unit of Dexia in a deal worth around $263m. According to the newspaper, the purchase will increase BNP's private banking assets to around $184bn, taking the bank into the top 10 private banks worldwide.
Jefferies & Co announced Thursday the hiring of three additional senior investment bankers into the firm's transportation, oil service and infrastructure group in New York and London. Anne-Cristin, Nick Davies and Andrew Meigh all come aboard as MDs, and all three join after stints at HSBC.
Citigroup founder Sandy Weill articulates his 10 lessons for leadership and success in business in his new book - 'The Real Deal - My Life in Business and Philanthropy'.