The accountant who sees EU rules as a chance to transform his firm October 18, 2010 For a man less than three months away from retirement, BDO’s policy board chairman – in effect, the firm’s international chairman – can’t wait to get into the issues. And to be fair, there is much for Dermot Mathias, who joined the accountancy giant 37 years ago, to discuss. What excites him most is the [...]
Huang vows to spend big in Liverpool bid August 2, 2010 CHINESE businessman Kenny Huang has promised to give manager Roy Hodgson big money to spend in the transfer market if he succeeds in his bid to buy Liverpool. Huang, a former Wall Street stockbroker and now head of Hong Kong-based investment company QSL Sports Ltd, announced yesterday he had been in talks with Royal Bank [...]
Huang vows to spend big in Liverpool bid August 2, 2010 CHINESE businessman Kenny Huang has promised to give manager Roy Hodgson big money to spend in the transfer market if he succeeds in his bid to buy Liverpool. Huang, a former Wall Street stockbroker and now head of Hong Kong-based investment company QSL Sports Ltd, announced yesterday he had been in talks with Royal Bank [...]
RBS whittles down shortlists June 8, 2010 Royal Bank of Scotland is closing in on the sale of £4bn of assets. Morgan Stanley and Jeffries are understood to be among the final bidders for RBS Sempra Commodities’ North American unit, while two consortia led by Advent International and TPG are in the last round for RBS’ card processing operation, Global Merchant Services.
RBS whittles down shortlists June 8, 2010 Royal Bank of Scotland is closing in on the sale of £4bn of assets. Morgan Stanley and Jeffries are understood to be among the final bidders for RBS Sempra Commodities’ North American unit, while two consortia led by Advent International and TPG are in the last round for RBS’ card processing operation, Global Merchant Services.
Q&A: EUROPEAN BANK STRESS TESTS July 1, 2010 Q.How will Europe stress test its banks? A.Originally, EU regulators planned to test just 25 large, cross-border banks, including Germany’s Deutsche Bank and Commerzbank, France’s BNP Paribas and Credit Agricole, and Britain’s Royal Bank of Scotland, HSBC, Barclays and Lloyds. Now they’re expected to cover banks holding about half the banking assets in each country. [...]
Q&A: EUROPEAN BANK STRESS TESTS July 1, 2010 Q.How will Europe stress test its banks? A.Originally, EU regulators planned to test just 25 large, cross-border banks, including Germany’s Deutsche Bank and Commerzbank, France’s BNP Paribas and Credit Agricole, and Britain’s Royal Bank of Scotland, HSBC, Barclays and Lloyds. Now they’re expected to cover banks holding about half the banking assets in each country. [...]
FTSE climbs for sixth day on optimism over US earnings and stress test hopes July 13, 2010 BRITAIN’S top shares climbed for the sixth consecutive session yesterday, led by banks on optimism that US peers would post strong earnings and lift the sector, and that Europe’s lenders would pass a key stress test. The FTSE 100 closed 104 points, or two per cent, higher at 5,271.02, hitting its highest close in over [...]
BoA veteran Jim O’Neil set for UKFI role July 19, 2010 UKFI, the body set up to manage the taxpayer’s stakes in the banks, has welcomed Bank of America Merrill Lynch veteran Jim O’Neil as the latest in a long line of senior executives to parade through its revolving door. O’Neil, who last year advised Lloyds Banking Group on its £22.5bn recapitalisation, will be doing the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 23, 2010 FINANCIAL TIMES COMPANIES NOW TURN TO PRIVATE PLACEMENTS FOR FUNDING Private placement deals – whereby companies tap investors directly for loans – are on track for one of their strongest years, highlighting the extent to which companies are seeking to diversify their funding sources away from banks. Companies tapped the market for $27.4bn in the [...]