CITY MOVES WHO’S SWITCHING JOBS October 8, 2009 Religare Capital MarketsThe broking and investment banking group has appointed Martin Newson as its new chief executive of global investment banking. Newson will be tasked with bringing together the firm’s Indian capital markets franchise with its international investment banking operation. He was previously head of global equities at Dresdner Kleinwort, where he also led the [...]
Goldman Sachs backs banks and helps to lift the markets August 18, 2009 THE FTSE 100 closed 0.9 per cent higher yesterday, led by gains in banks and miners which recovered from losses in the previous session, while data showed inflation held steady in July. The large-cap index closed 40.77 points higher at 4,685.78, recovering from a 1.4 per cent drop on Monday, its biggest one-day percentage loss [...]
Goldman Sachs backs banks and helps to lift the markets August 18, 2009 THE FTSE 100 closed 0.9 per cent higher yesterday, led by gains in banks and miners which recovered from losses in the previous session, while data showed inflation held steady in July. The large-cap index closed 40.77 points higher at 4,685.78, recovering from a 1.4 per cent drop on Monday, its biggest one-day percentage loss [...]
US stocks shoot up on stronger data October 5, 2009 US stocks shot higher yesterday, ending a four-day losing streak as optimism about upcoming earnings gathered steam and data showed the services sector expanded for the first time since August 2008. The Dow Jones industrial average was up 112.08 points, or 1.18 per cent, at 9,599.75. The Standard & Poor’s 500 Index closed up 15.23 [...]
The City lawyer who argues that banking has become even riskier November 4, 2009 T o David Morley, the phrase “it is better to travel than to arrive” must sound pretty strange, an expression invented only for those unfortunate souls who have not learnt to move at speed. For Morley, who joined top law firm Allen & Overy in 1980 and has led it as senior partner since last [...]
Banks drag down the FTSE as miners and energy drop October 13, 2009 BRITAIN’S top shares closed 1.1 per cent lower yesterday, as weakness in banks outweighed strength in defensive issues, while sentiment was dampened by falls on Wall Street after disappointing corporate earnings. The benchmark FTSE 100 closed 56.02 points lower at 5,154.15, slipping below the 5,200 level which it hit for the first time in more [...]
Lloyds tops list of complaints against high street banks September 15, 2009 LLOYDS Banking Group has emerged as the major UK bank with the highest level of successful complaints made about it by consumers in the first half of the year, according to the Financial Ombudsman Service (FOS). FOS data reveals that 81 per cent of cases settled in the six months to 30 June involving Lloyds [...]
CITY MOVES WHO’S SWITCHING JOBS August 16, 2009 Bill & Melinda Gates FoundationThe Bill & Melinda Gates Foundation has appointed Joe Carrell, currently an official at its global health policy and advocacy group, to head its new London office. Carrell, who joined the foundation in 2001, will move over from Seattle in January 2010, to oversee the organisation’s first European outpost, which is [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]