Jeff Werbalowsky is Houlihan Lokey’s Co-Chief Executive Officer and a Senior Managing Director in the firm’s Minneapolis office.
2 February 2011
Standard Life Investments, a leading investment house, has warned that although recent regulatory changes are intended to make the banking sector more resilient to future shocks, there are possible negative consequences for bond investors, and indeed for the global economy, of these complex and far reaching alterations.
The Wall Street Journal reports that 'total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135bn' in 2010, as revenues hit another all-time high of $417bn.
To fix its fixed income unit.
The Telegraph reports that Citigroup is 'nursing' losses of up to $4bn after it seized control of music group EMI from private equity firm Terra Firma and restructed the business.
Our Highly-Placed Professional gives us his views on two subjects that have been much in the news recently - the 'Uptick' rule and mark-to-market accounting.
• The bulk of debt restructuring in Europe is yet to come
Bank of America Merrill Lynch boss Thomas Montag (at least, he is top from what we know at the moment).
BBC News reports that The UK Treasury Select Committee has asked the Financial Services Authority (FSA) to release to it senior banker compensation details for 2010.
Barclays has hired 11 people for Japanese equity sales and trading since July and plans to add about four more by the end of the year amid a resurgence in the world’s second-largest stock market.
Overhauling the broken culture of high street banking will take a generation to achieve, according to a report that found UK banks have received 20m customer complaints since the financial crisis.
Here is a list of habits for you to avoid and adopt to help you achieve success.