Banks hit by S&P Greece default blow July 4, 2011 Banking shares took a hit in early trading after ratings agency S&P issued a fresh warning over the Greek debt crisis. S&P said Greece would be likely to default if it follows a debt rollover plan in which French banks would allow the country to pay back its debt to them over decades. Investors were [...]
Banks hit by S&P Greece default blow July 4, 2011 Banking shares took a hit in early trading after ratings agency S&P issued a fresh warning over the Greek debt crisis. S&P said Greece would be likely to default if it follows a debt rollover plan in which French banks would allow the country to pay back its debt to them over decades. Investors were [...]
StanChart buys slice of Redington for £60m July 4, 2011 The private equity arm of Standard Chartered has bought 12 per cent of Redington India from a promoter and a strategic investor for about $98m (£60m), the supply chain management company’s managing director said. A promoter and Taiwan-based Synnex Technology International Corp, a strategic investor in the firm, have cut their stake in Redington, R. [...]
OTHER PRIZE SPONSORS BY CATEGORY FOR THIS YEAR’S CITY A.M. AWARDS June 30, 2011 Saxo Bank is a global investment bank specialising in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade forex, contracts for difference, exchange-traded funds, stocks, futures, options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management. [...]
CITY MOVES | WHO’S SWITCHING JOBS | WHO’S SWITCHING JOBS June 29, 2011 LSCA Grant Jones, a partner at accountancy firm Cooper Parry, has been appointed as the new president of the London Society of Chartered Accountants, as announced at the body’s recent AGM. The other office holders announced include David Symes, managing director of compliance recruitment solutions, as deputy president and Naima Siddiqi, a director at corporate [...]
StanChart defies British bank gloom June 28, 2011 EAGER investors sent Standard Chartered’s stock up 2.9 per cent yesterday after a half-year trading statement that promised double-digit growth in both income and pre-tax profits compared to the same period last year. The bank said that while some regions like India and Africa had seen revenues dip, it was “more than offset by very [...]
Sands gets grip on higher costs June 28, 2011 WHEN Peter Sands unveiled Standard Charter’s full-year results in March, he said the bank was engaged in a “war for talent”. The demand for top flight bankers who can speak Cantonese or Mandarin is higher than ever, and StanChart is having to fight both HSBC and local rivals to sign the best staff. As the [...]
Sands gets grip on higher costs June 28, 2011 WHEN Peter Sands unveiled Standard Charter’s full-year results in March, he said the bank was engaged in a “war for talent”. The demand for top flight bankers who can speak Cantonese or Mandarin is higher than ever, and StanChart is having to fight both HSBC and local rivals to sign the best staff. As the [...]
FTSE climbs as investors pile into financial stocks June 28, 2011 FINANCIAL stocks helped Britain’s top share index climb yesterday as hopes of a resolution to Greece’s debt problems spurred appetite for riskier assets. Banks were in demand, led by part state-owned Royal Bank of Scotland as investors bet the Greek parliament will this week vote through austerity measures needed to secure more aid from international [...]
Banks and commodities lift FTSE June 28, 2011 The FTSE 100 tracked gains in Asia and on Wall Street this morning as fears of an economic meltdown in Greece were eased with France moving to give the country a reprieve. Banking and commodity sectors saw a lift as new life was breathed into global markets. French President Nicolas Sarkozy said his country’s banks [...]