Latest articles from News
Barclays sells BGI to Blackrock
July 7, 2009
Barclays: has sold BGI for $13.5bn
Barclays Bank has sold Barclays Global Investors to Blackrock for $13.5bn. The deal makes the US firm the largest investment manager in the world with more than $2700bn in assets under management - although it is estimated that it will only have up to 5% market share in the highly fragmented industry.
Private banking profits dive
July 6, 2009Profits for the global private banking sector fell by 33% in 2008, according to a new report.
Turquoise seeks third round of capital
June 9, 2009Trade Turquoise, the consortium-backed alternative trading platform, is to tap its investors for a third round of funding.
Banks look to repay government funds
June 4, 2009
Outward bound: Lloyds Banking Group chairman Sir Victor Blank has announced his plans to leave
Signs that the economic gloom could finally be lifting emerged last month as financial stocks staged a minor recovery and some of the world's biggest banks hinted they wanted to repay government money.
Citi removed from Dow Jones index
June 2, 2009Citigroup has been removed from the Dow Jones Industrial Average index while the embattled US bank undergoes a large-scale restructuring.
Lehman protocol divides administrators
May 27, 2009Administrators for Lehman Brothers have signed an unprecedented cross-border insolvency protocol.