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Fidelity, Goldman, HBOS, HSBC, JPMorgan

The Financial Times reports that Fidelity Investments is to pay $42m to its mutual funds following an internal probe over improper gifts provided to some of its traders. John Martin, the former New York judge who headed up the probe, said that although is wasn't possible to quantify exactly how certain of the trader's subsequent actions resulted in higher costs to the funds, it was clear that 'certain traders had misdirected order flow'.

If Your Firm Was A Pop Star, Who Would It Be ?

Bloomberg's Mark Gilbert has had a bit of fun. Looking at the 'personality' of various firms, he has matched them with who he thinks they are most like on the pop star front. (We've also added a few of our own at the suggestion of readers).Here's the list:

Citigroup, Credit Suisse, Fidelity, Lehman, Schroders,

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.

IFR Asia Awards 2006

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:

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The Next Lehman ?

Less than five years on from the bankruptcy of Lehman Brothers the world is maybe facing another crash of epic proportions.