Reuters reports that Citi has been temporarily banned from selling new wealth management products to clients in Indonesia after allegations that a long-term locally-based company employee has bilked millions from customers at its Citigold retail banking unit.
China Outbound M&A Hits $24 Billion
The Securities and Exchange Commission (SEC) has charged a corporate attorney and a Wall Street trader with insider trading in advance of at least 11 merger and acquisition announcements involving clients of the law firm where the attorney worked.
Jefferies Group, Inc. has announced that it has entered into a definitive agreement to acquire PrudentialBache’s Global Commodities Group from Prudential Financial, Inc. for a purchase price equal to tangible book value, or approximately $430m.
The Financial Times reports that recruitment veteran Robert Walters has warned that the prospects for recruitment in the financial sector remains uncertain.
London - UK Uncut were at Canary Wharf Tuesday protesting about bankers being the root of all evil and all that.
Remember that fairly innocuous email exchange that was doing the rounds late last month, when two single males engaged in what they clearly thought was a private conversation about the ex-girlfriend of one of the lads ?
The Daily Mail reports the rather bizarre case of an alleged dog-napping that occurred in London last week.
Bloomberg reports that Citi is to expand its commodity investment product team, looking to add 10 to its already 30-person group.
Almost 15 years have passed since the Nasdaq first broke the 5,000 mark. Now, after the bursting of the dot-com bubble and a long recovery, the index is poised to pass that mark again.
Andrew Tyrie has been a superb chairman of the Treasury select committee.
Mizuho Bank, a wholly-owned subsidiary of Mizuho Financial Group, and the Royal Bank of Scotland have reached a definitive agreement for the acquisition by Mizuho Bank of a credit portfolio which, as of December 31, 2014, was made up of approximately $36.5bn in loan commitments, including $3.2bn of drawn assets.