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AllianceBernstein Extends CEO's Employment Contract

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AllianceBernstein has announced that Peter Kraus, Chairman and Chief Executive Officer, and AllianceBernstein have agreed to extend the contractual term of his employment for an additional five years, commencing in January 2014, when his existing contract expires, through January 2019.


Credit Suisse, RBS, SocGen, Dexia, Kaupthing

Reuters reports that Credit Suisse CEO Brady Dougan is bullish about his firm's future. In a webcast presentation at the Merrill Lynch conference in London this week, Dougan said: 'There are fewer market participants. The opportunities for those who remain will be stronger than ever. Credit Suisse will be one of them'.

ABN Amro, Amaranth, Deutsche, RBS, Schroders, Asia-Pac

The Wall Street Journal reports that Vietnamese authorities are now seeking $3.7m from ABN Amro, claiming that the bank was a party to illegal FX trading from November 2003 to February 2006, which resulted in losses to the state-owned Incombank. Police have apparently indicated that they now plan to prosecute local ABN staff who have been under house arrest for months, and an Incombank staffer who has been languishing in jail awaiting a prosecution decision.

Royal Bank Dismisses Merger Talk

Royal Bank of Scotland (RBS) has dismissed reports that it plans to merge with Banco Santander Central Hispano. Spain's largest banking group is a major shareholder in the Royal Bank.

Amaranth Trader, Anchor Point, Blackstone, Citi, RBS

The reports that Brian Hunter, 33, the trader who made those disasterous energy trades which forced hedge fund Amaranth to close it doors, looks set to start his own firm in May, with $800m in capital from Middle Eastern and Russian investors.

Royal Bank Of Scotland Said To Score Own Goal

Bloomberg reports that RBS Securities is counting the cost of what looks like a silly error made by one of its staff who is alleged to have sent out an 'unauthorized' e-mail to clients concerning the planned IPO of US TV ratings company Nielsen Holdings.