Despite profitability seen among a number of banks both in the US and Europe, the big lenders continue to be hampered by pressure on profitability, according to analysis from SNL.
Russia’s Ministry of Finance plans to abolish taxes on long-term investment vehicles in Russia to encourage domestic investment into funds.
Standard Life Investments has hired Adam Rudd to the multi-asset investment team as investment director.
Under the current low interest rate conditions, money market fund (MMF) managers will have to take steps to adapt their products, says Moody’s.
The continued low interest rate environment has forced Germany’s Berenberg Bank to reduce the fees on its money market fund.
For a bank that aims to be “the world’s most trusted and respected financial services institution”, its latest quarterly results have been something of an embarrassment, coming as it does with a promise to restate its Q1 results as well.
While most of his compatriots celebrate US Independence Day, Bob Diamond will be setting off his own fireworks in front of the UK Treasury Select Committee, which has summoned him to account for Barclays’ role in fixing the Libor rate on various occasions between 2005 and 2008.
Cazenove Capital has named Paul Battams as portfolio manager for its Jersey office from July 2012.
A group of hedge funds, including those run by Odey Asset Management, had a combined $1bn invested in JP Morgan Chase which suffered a near 10% drop in its share price on Friday.
Jean-louis Bernardo SocGen Securities appoints Russia deputy head Société Générale Securities Services (SGSS) has appointed Jean-Louis Bernardo as deputy head of securities services and head of business development for SGSS in Russia. SGSS operates within Société Générale group subsidiary Rosbank, one of the largest privately owned banks in the country. Bernardo replaces Mathieu Maurier, who […]