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.
A senior banker has warned of the breakdown in trust between banks and regulators, during the Annual Risk Management convention run by the Global Association of Risk Professionals in New York this week.
Standard Chartered chief executive Peter Sands last night strongly rejected claims from US regulators the UK bank helped Iran launder as much as $250bn.
The entrepreneurial spirit and economic boom in emerging countries like China has brought great individual wealth without question, but it has also brought an expectation by many locals that performance from fund investments should keep pace with growth...
Financial institutions across the continent have accumulated collections of art, each for their own reasons, such as Standard Chartered Bank.
Standard Chartered, the emerging markets-focused bank, sees 2012 as a year of a two-speed global economy. The bank sees a slowing global economy in 2012, with a fragile West and a resilient Asia, Africa, Middle East and Latin America.
Managers believe the European financials sector is undervalued, despite ratings agencies Moody’s, S&P and Fitch collectively downgrading or placing on credit watch negative several major European financial groups.
Bill Hunt, former chief executive and president of State Street Global Advisors, has joined Luxembourg-based fund software provider Multifonds on its board of directors.
Finisterre Capital has hired emerging markets specialists for its global and credit funds, private equity manager Hamilton Lane’s Asia and Europe head (pictured) is moving to Hong Kong, and Cofunds plans to develop its UK institutional business.