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Citi, Goldman, HSBC, UBS, Enron

Citi Logo

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.

Jefferies To Acquire Prudential Bache For Around $430m

Jefferies Logo

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.

City Recruitment Warning

Warning Sign

The Financial Times reports that recruitment veteran Robert Walters has warned that the prospects for recruitment in the financial sector remains uncertain.

Hiring & Firing News

Now Hiring

Bloomberg reports that Citi is to expand its commodity investment product team, looking to add 10 to its already 30-person group.



For Sale

Mizuho and RBS reach agreement over $36.5bn credit portfolio

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.