CITY MOVES | WHO’S SWITCHING JOBS August 10, 2010 RBC RBC has appointed Guido Giammattei to its global asset management division as a portfolio manager on the RBC Emerging Markets Fund, focusing on the Latin American region. Giammattei was previously at Rexiter Capital Management, where he was an equity analyst and then a portfolio manager focused on Latin American investments. He has also previously [...]
HSBC Shanghai plan to boost expansion December 20, 2009 HSBC is poised to become one of the first foreign companies to list on the Shanghai stock exchange, returning to its Asian roots. The bank wants to raise its profile in China as it opens more branches and considers taking stakes in Chinese lenders. It first announced in May last year that it wanted to [...]
The UK’s fate: Neither boom nor bust September 1, 2010 A PAINFUL, extended soft patch, not a disastrous hard landing: that was the message from yesterday’s batch of global economic indicators. The US manufacturing survey improved in August, spectacularly refuting widespread expectations of a collapse and fuelling a market rally; the UK’s factory sector is still growing, albeit at a slower rate. Hard-core bulls and [...]
The UK’s fate: Neither boom nor bust September 1, 2010 A PAINFUL, extended soft patch, not a disastrous hard landing: that was the message from yesterday’s batch of global economic indicators. The US manufacturing survey improved in August, spectacularly refuting widespread expectations of a collapse and fuelling a market rally; the UK’s factory sector is still growing, albeit at a slower rate. Hard-core bulls and [...]
BANKS TO FIGHT LENDING CRITICS August 8, 2010 BANKS are clubbing together in a bid to end claims they are starving small businesses of credit. The banking taskforce comprises chief executives from the major UK financial institutions and the British Bankers’ Association (BBA). The BBA has drafted a letter to chancellor George Osborne setting out a raft of proposals it says will ensure [...]
Check through Basel III’s small print September 13, 2010 BANKS around the world are rightly cheerful after the announcement of Basel III minimum capital requirements less stringent than many had feared and, in the UK, still far lower than major banks’ existing capital reserves. The inevitable gasp of relief following this news has brought an immediate uplift for most, but should not divert attention [...]
Check through Basel III’s small print September 13, 2010 BANKS around the world are rightly cheerful after the announcement of Basel III minimum capital requirements less stringent than many had feared and, in the UK, still far lower than major banks’ existing capital reserves. The inevitable gasp of relief following this news has brought an immediate uplift for most, but should not divert attention [...]
UK output still growing but pace cools off August 2, 2010 MANUFACTURING output continued to grow in the UK, US and the Eurozone last month, even as China saw its first contraction in 16 months following a clampdown by the government on property speculation and tighter credit controls. A slowdown in export orders pulled the CIPS/Markit UK manufacturing purchasing managers’ index (PMI) down by 30 basis [...]
UK output still growing but pace cools off August 2, 2010 MANUFACTURING output continued to grow in the UK, US and the Eurozone last month, even as China saw its first contraction in 16 months following a clampdown by the government on property speculation and tighter credit controls. A slowdown in export orders pulled the CIPS/Markit UK manufacturing purchasing managers’ index (PMI) down by 30 basis [...]
CITY MOVES | WHO’S SWITCHING JOBS June 23, 2010 JP Morgan India Gary-Martin has joined the investment bank as global head of location strategy and performance metrics. Gary-Martin was previously at the Royal Bank of Scotland, where she led the implementation of the government’s asset protection scheme for the bank’s global banking and markets division. She is also president of the City Women’s Network [...]