The 23rd annual Sunday Times Rich List – the definitive guide to wealth in Britain and Ireland – is published as an extra 104-page magazine, free with the paper on Sunday.
The Wall Street Journal reports that HSBC staff and stockholders are getting ready for CEO Stuart Gulliver's 'revamp' - the latest in a long line of restructurings over the years, which has seen the bank enter and exit businesses (mainly in the investment bank), invest in US subprime and then pull back, and dip its toe in the water in US retail banking.
By Lara Morgan
From reading the press in recent weeks, you could be forgiven for thinking that UBS, especially UBS Investment Bank, is having a hard time of it keeping its senior staff. Hardly a week seems to go by without a retirement, departure or resignation. But that's not actually the case.
The Financial Services Authority (FSA) has welcomed the statement from the Treasury Select Committee Chairman Andrew Tyrie which confirms that in agreement with the FSA, the Treasury Select Committee (TSC) has asked Sir David Walker and Bill Knight to conduct an independent review of the report which the FSA is producing into the failure of Royal Bank of Scotland (RBS).
UniCredit has announced changes in its Corporate and Investment Banking activities to further improve the quality of service to its clients.
Macquarie Group ('Macquarie') has announced that Ken Savio will join as a Senior Managing Director and Head of Macquarie Securities in the United States, effective May 16, 2011.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Wells Fargo Advisors, LLC of St. Louis, $1 million for its failure to deliver prospectuses in a timely manner to customers who purchased mutual funds in 2009, and for delays in reporting material information about its current and former representatives, including arbitrations and complaints involving its representatives.
Edward Francis Hutton (September 7, 1875, New York City - July 11, 1962, Brookville, Long Island, New York) was an American financier and co-founder of E. F. Hutton & Co.
It's not been a good week for Deutsche Bank so far.
Cadbury has again risked public outrage by announcing that it will be shrinking the size of its chocolate bars by 10% – without reducing the price.
Companies are predicting not robust times ahead but rather tepid profit growth, with a cornerstone being a drop, not a rise, in capex.
Bill Ackman appears set to take it relatively easy for a few months after a slew of activist investments produced knockout performance in 2014.