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| George Osborne misses the point – retail banks, not investment banks, caused ... Telegraph.co.uk (blog) His promise to insist on an "electric" ring-fence for retail banks when the parent company also owns an investment banking operation is, of course, expressed in language which is largely incomprehensible to the layman. Essentially, ring-fencing is the ... See all stories on this topic » | ||
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| Blackstone Getting Into The Lazy-Investment-Banking Business DealBreaker Underwriting a stock or bond deal can be very difficult and work-intensive: you need to coordinate your t-shirts for the pitch, manage logistics ranging from prospectus writing to investor-lunch-sandwich-buying, and actually convince investors to buy ... See all stories on this topic » | ||
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| European investment banks to reduce bonus pools New Statesman The European investment banks are planning to reduce their 2012 bonus pools in the near future by 20 per cent to increase the pay gap with their competitors in the US. Banking firms like Barclays, Credit Suisse and UBS are estimated to reduce bonus ... See all stories on this topic » | ||
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| Investment banks to cut bonus pools Irish Times European investment banks are set to cut their bonus pools in the coming weeks by 20 per cent in a move that will exacerbate the pay gap with their US rivals. Consultants and bankers estimate banks including Barclays, Credit Suisse and UBS will reduce ... See all stories on this topic » | ||
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| UK Osborne: Law Electrifying Banking Ringfence By Early 2014 MNI News LONDON (MNI) - UK Chancellor of the Exchequer George Osborne says that he will today submit a law to parliament to electrify the ringfence between banks' investment banking and retail divisions. In a speech in Bournemouth, Osborne said that the law ... See all stories on this topic » | ||
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| UK Sets Out New Law to Break Up Errant Banks Fox Business Banks were already expected to have to "ring-fence" activities such as standard bank accounts and payments from riskier investment banking, something which will hit major players such as Barclays, HSBC, and RBS. But Osborne said he is prepared to go ... See all stories on this topic » | ||
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| Moody's warning over Jefferies pay packages Financial Times The stock award "once again highlights the issue of excessive compensation at investment banks," Moody's analysts Peter Nerby and Christian Plath wrote in a note published on Monday. The credit rating agency said that the bumper payouts are what is ... See all stories on this topic » | ||
| Bank break-up threat could hit Government's stakes in RBS and Lloyds The Independent Not those with investment banks." International regulators also questioned the need for ring-fencing over strengthened balance sheets. "Higher capital and liquidity requirements are more important for stabilising banks than the separation of ... See all stories on this topic » | ||
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| Osborne speech: Reform of banking Financial Times Whether its insurance and accountancy, shipping and legal services, hedge funds, private equity, asset management or investment banking, when the world wants to transact – it wants to transact through London. And we want to keep it that way in the ... See all stories on this topic » | ||
| UK prepares new law to break up errant banks Reuters BOURNEMOUTH, England (Reuters) - British banks that fail to shield their day-to-day banking from risky investment activities could be broken up, finance minister George Osborne said on Monday, bowing to political pressure to come down harder on ... See all stories on this topic » | ||
| UK Osborne: Banks Should Exercise Restraint, Responsibility In Bonus Payments Fox Business He also announced draft legislation giving regulators new powers to split up banks that flout rules designed to ring-fence retail banking from riskier investment-banking activity. Mr. Osborne said the new powers are needed so that taxpayers will never ... See all stories on this topic » | ||
| Betrayed? City anger as Osborne electrifies bank ringfence Politics.co.uk But Osborne has now heeded their calls to "electrify the ring-fence", pledging to force high street banks to have different bosses from their investment banks and manage their own risks separately from those of their investment banks. The investment... See all stories on this topic » | ||
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| REFILE-Bank capital cushions more important than role split-BIS Reuters However, it was up to finance ministers if they want to make changes to the universal banking model, whereby retail and investment banking are under the same roof, he told the paper. France and Germany are planning a reform of the banking system that ... See all stories on this topic » | ||
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| Cutting costs the Wall Street way Financial News You might have thought that when it comes to cost-cutting at investment banks, there would be no such problem. Surely when Lloyd Blankfein or Jamie Dimon pull a big lever with a label marked "costs", previously unimaginable efficiencies are identified ... See all stories on this topic » | ||
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| UK delivers 'break-up' warning to banks The Australian Addressing staff at US investment banking giant JP Morgan in Bournemouth, southern England, he said: "My message to the banks is clear: if a bank flouts the rules, the regulator and the Treasury will have the power to break it up altogether - full ... See all stories on this topic » | ||
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| Political Jitters Trigger European Shares Slide CNBC.com Those banks that fail to ringfence their retail banking operations from their investment banking activities could in the future face being dismantled. Antonio Horta-Osorio, the chief executive of Lloyds Banking Group, will appear in front of U.K ... See all stories on this topic » | ||
| UK to Give Regulators Powers to Split Up Banks Wall Street Journal LONDON—U.K. Treasury chief George Osborne on Monday will announce new powers for regulators to split up banks that flout rules designed to ring-fence retail banking from riskier investment-banking activity. In a wide-ranging speech on banking in ... See all stories on this topic » | ||
| UK Regulators Vow to Break up Big Banks that Break Their Rules; 2 Barclays ... American Banker Meanwhile, "amid cuts," Citigroup has starting hiring at the senior level, adding Luigi de Vecchi, a well-known dealmaker who previously worked for Credit Suisse and Goldman Sachs, as its chairman of corporate and investment banking for continental ... See all stories on this topic » |
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| For-Profit Company Seeks Social Change | Wall Street Oasis By DonVon ... that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing enroll in. Wall Street Oasis - Investment... | ||
| UK prepares to break up errant banks | Stuff.co.nz By Laura Noonan and Matt Scuffham British banks that fail to shield their day-to-day banking from risky investment activities could be broken up, Chancellor George Osborne said, bowing to political pressure to come down harder on reckless lenders. Stuff.co.nz - Business |
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| Citi names de Vecchi European Investment Banking... - Yahoo! News From Yahoo! News: LONDON (Reuters) - Citigroup Inc has appointed veteran dealmaker Luigi de Vecchi as chairman for corporate and investment banking in ... news.yahoo.com/citi-names-vecchi-european-investment-bank... | ||
| Citi names de Vecchi European Investment... - Yahoo! Finance From Yahoo! Finance: Citigroup Inc has appointed veteran dealmaker Luigi de Vecchi as chairman for corporate and investment banking in continental Europe, ... finance.yahoo.com/.../citi-names-vecchi-european-investment-... | ||
| Investment banks' IPO biz cut by half in 2012 - People's Daily Online In 2012, investment banks' IPO business suffered significant depression due to the slowdown of new stock issuance. According to statistics from Wind ... english.peopledaily.com.cn/90778/8120549.html | ||
| Market Focus: Asian Investment Banking | Global Finance ANOTHER LEAN YEAR By Arthur Clennam Investment banks in Asia are facing a reduced deal pipeline and slashing their fixed-income, currencies and ... www.gfmag.com/.../12294-market-focus-asian-investment-ba... | ||
| Why investment bankers will be depressed next week – Quartz Many investment bankers are bracing for depressing news next week when they find out how much their bonuses have shrunk, while some are already deciding ... qz.com/.../investment-bankers-depressed-next-week-over-bon... |
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