Northern Trust Corp.’s conservative approach has enabled it to avoid a lot of the problems that have affected competitors and has it thinking about growth, its chief financial officer said.
Even though Northern Trust is not immune to the challenges facing the market, “we continue to focus on our conservative management process,” Steven L. Fradkin, its [...]
Pyramis Global Advisors, the institutional unit of Fidelity Investments, said on Thursday it has hired Kevin Uebelein as president and chief executive officer.
Uebelein joins Pyramis from Prudential Financial (PRU.N: Quote, Profile, Research), where he was chief investment officer for all its international businesses for the past seven years, Pyramis said in a statement. At Pyramis [...]
Cholamandalam DBS Finance has launched choladbsdirect.com, an online investment portal aimed at retail investors and traders. The portal will help customers invest online in all types of financial instruments. The product, which will be available in all 46 cities where the firm has wealth management branches, will give customers access to in-house research that has [...]
Great Portland Estates showed its resilience in the face of the market downturn, significantly outperforming its central London benchmark.
The company’s results for the year to 31 March revealed a 2% dip in net asset value to 582p a share and a total property return of 2.6%, 7.4% ahead of the Investment Property Databank central London [...]
The Azerbaijani Investment Company (AIC) is expected to receive a business-plan from MKT Istehsal Commerce on the project of cotton, hosiery manufacturing, Investment Banks as well as to reconstruct ‘Sumgayit hovlu iplik, Riad Gasimov, AIC Deputy Executive Director, stated.
“This project is very significant for us and we are planning to acquire 20% of participation [...]
All the moves have been designed to cope with a serious financial crisis that has roiled U.S. and global markets and caused the near-collapse of Bear Stears, the nation’s fifth largest investment bank.
The Fed has been holding auctions every two seeks since December to provide short-term loans to commercial banks. It started with [...]
Patel issued a statement after a three-day visit to Pakistan, which included talks with leaders of the new government taking power after eight years of military rule under President Pervez Musharraf.
Musharraf, who seized power in a 1999 coup, guided Pakistan from the brink of bankruptcy to multiyear [...]
Commercial banks, a national financial bedrock, are subject to regulations, including bank examinations and rules for submitting detailed financial information, to help regulators gauge their safety and soundness.
However, the modern U.S. financial system has become a complex web of financial players: institutions and individuals and practices that are subject to widely different rules.
[...]
Commercial banks, a national financial bedrock, are subject to regulations, including bank examinations and rules for submitting detailed financial information, to help regulators gauge their safety and soundness.
However, the modern U.S. financial system has become a complex web of financial players: institutions and individuals and practices that are subject to widely different rules.
[...]
“This latest episode has highlighted that the world has changed as has the role of other nonbank financial institutions and the interconnectedness among all financial institutions,” Paulson said. “These changes require us all to think more broadly about the regulatory and supervisory framework that is consistent with the promotion and maintenance of financial stability,” [...]
