AllianceBernstein

AllianceBernstein is a research-driven investment firm that is global in scope and client-centered in its mission.

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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.

HOT LIST

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 Street.com 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.

Commerzbank, BNP, NYBOT, RBS, UBS, LBOs, IPOs

The Wall Street Journal reports that Klaus-Peter Mueller, Commerzbank's CEO, has said that his firm is not in takeover or merger talks at present, mentioning that he had 'no knowledge (either) of other intstitutions' currently having takeover plans for us'.

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