WHAT THE OTHER PAPERS SAY THIS MORNING May 11, 2010 FINANCIAL TIMES QE SPECTRE LOOMS AS ECB TACKLES CRISIS Investors yesterday warned that the European Central Bank would have to introduce quantitative easing to stave off the worst crisis in the Eurozone since it was launched 11 years ago. The ECB has resisted following the Bank of England and the US Federal Reserve in expanding [...]
THE TIPSTER May 3, 2010 THE US banking sector has been a wild ride for traders of the Select Sector SPDR Financial ETF over the past two weeks. The index, which contains a range of diversified financial firms including JP Morgan Chase, Bank of America-Merrill Lynch and Goldman Sachs, had added almost 20 per cent since 1 January to a [...]
Wall Street hit as bank probe widens May 13, 2010 TOP banks and rating agencies have been subpoenaed by the New York authorities as part of a probe into how they dealt with subprime securities in the run-up to the financial crisis. UBS, Citigroup, Credit Suisse, Deutsche Bank, Credit Agricole, Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley are the subjects of a [...]
CITY MOVES | WHO’S SWITCHING JOBS May 10, 2010 Conduit Capital Markets The derivatives and securities dealer has hired ex-3i managing partner Bruce Carnegie-Brown as its new non-executive chairman. Carnegie-Brown has been working for 3i since 2007, latterly as managing partner and chairman of the financial services practice. Prior to that, he was chief executive of Marsh, and spent 18 years at JP Morgan, [...]
Euro bailout cost could hit €600bn April 29, 2010 ONE of the City’s most respected economists yesterday warned that the Eurozone and the IMF may have to stump up as much as €600bn (£518bn) to bail out Greece and its debt-stricken neighbours if the current contagion spreads. David Mackie, the chief European economist at JP Morgan Chase in London, stressed that such a large [...]
CITY MOVES | WHO’S SWITCHING JOBS May 3, 2010 Metric Property Investments Metric – set up by ex-British Land executives Andrew Jones (pictured), Valentine Beresford and Mark Stirling – has appointed three high-flyers following its £190m float on the LSE. William Evers, a former associate director at LaSalle, has joined as an investment executive. Juliana Weiss Dalton becomes head of investor relations and corporate [...]
Forth Ports sees shares rise in hope of a new bid March 8, 2010 SHARES in bid target Forth Ports closed up 25 per cent amid expectation of a higher bid from a consortium of shareholders. The investors, called Northstream, who already own 27 per cent of the firm, had a bid worth 1,340p a share knocked back. But shareholders are holding out for a higher bid. The latest [...]
NOMURA READY FOR ROOF WITH A VIEW June 20, 2010 Only weeks to go now before the biggest decampment the City has seen in a while; Japanese bank Nomura’s move back to the City from the Canary Wharf offices it inherited from Lehman Brothers a few years back. The bank, which will move its staff floor by floor to minimise disruption, starting on 12 July, [...]
NOMURA READY FOR ROOF WITH A VIEW June 20, 2010 Only weeks to go now before the biggest decampment the City has seen in a while; Japanese bank Nomura’s move back to the City from the Canary Wharf offices it inherited from Lehman Brothers a few years back. The bank, which will move its staff floor by floor to minimise disruption, starting on 12 July, [...]
BP’s a great company. I know. I worked there June 10, 2010 TRYING to defend BP during the last six weeks has been a lonely and isolating experience. As a former employee I have been accused of being biased or emotionally attached. But having seen posts on US websites demanding all BP employees be thrown into jail, it’s hard not to take the world’s hatred of my [...]