Treat your career as a professional journey September 12, 2012 AS GRADUATE entrants prepare for their first weeks in the City, some might wonder whether they’ve signed up for a job or a profession. We assume that law and medicine are professions – life-long career choices with strict knowledge requirements, and professional bodies sitting in judgement over the actions of their members. Wrongly, we don’t [...]
Treat your career as a professional journey September 12, 2012 AS GRADUATE entrants prepare for their first weeks in the City, some might wonder whether they’ve signed up for a job or a profession. We assume that law and medicine are professions – life-long career choices with strict knowledge requirements, and professional bodies sitting in judgement over the actions of their members. Wrongly, we don’t [...]
The CFA is forging a rapid path into Asia September 12, 2012 ASIA is rising. Even as economists downgrade Chinese growth prospects, emerging markets (and developed economies) in Asia-Pacific are still racing ahead in the development of their human capital. India and China are famously churning out MBA graduates in record numbers – and increasingly using their own business schools to do so. But in other areas [...]
StanChart has a silver lining says Investec September 10, 2012 MARKETS have yet to recover from Standard Chartered’s Iranian sanction-breaking scandal, and so are failing to recognise the bank’s underlying strengths, analysts from Investec said yesterday. Although the bank’s share price has recovered roughly 30 per cent in the last month, it is still feeling the effects of US regulatory action – even though the [...]
New wholesale boss at Standard Chartered August 28, 2012 ALEX Manson is now Standard Chartered’s group head of wholesale banking geographies, after 12 years at Deutsche Bank. He joined on 13 August and will be based in London, although the main operations are based in the Middle East, Africa and Asia. The bank has had a tough month, paying a US regulator $340m (£215m) to settle [...]
BNP and Credit Agricole start internal law-breaking probes August 27, 2012 ITALIAN bank UniCredit became the latest bank to admit it is under investigation by the US authorities for breaching Iranian sanctions, making public statements over the weekend. And French banks BNP Paribas and Credit Agricole both revealed they are carrying out internal probes into potential breaches of US regulations – although they would not say [...]
City Moves Who’s switching jobs August 27, 2012 British Retail Consortium The BRC has appointed Ian Cheshire as chairman, taking over the two-year post from Rob Templeman on 1 October. Cheshire has been chief executive of Kingfisher since January 2008 and an executive director since June 2000. He has also been a non-executive director of Whitbread since February 2011. He serves as a [...]
RBS in Iran sanctions inquiry August 22, 2012 US authorities are investigating RBS and Commerzbank over possible breaches of sanctions in Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine. RBS’ half-year results said the bank could face a “material impact” from the investigation.
What the other papers say this morning August 21, 2012 FINANCIAL TIMES Generali set to exit US reinsurance Generali has become the latest European insurer to plan an exit from the US after Italy’s largest insurer by annual premiums put its US life reinsurance business up for sale, according to a person familiar with the matter. Citigroup is advising the company on a sale of [...]
Even dead cats can bounce back to life August 20, 2012 WHEN things go disastrously wrong, the market is always ready to obliterate a stock. It could be because of mistakes made in a company’s operations, as in the case of Carnival earlier this year when one of its liners ran aground off Italy’s west coast. It could be like Facebook’s IPO, where the price rose [...]