Posted by admin on June 11th, 2008
Many people see the financial-services sector as somewhat monolithic. Not so Bank of America CEO Ken Lewis, who isn’t afraid to talk about Bank of America’s commercial-banking dominance and rub it in the face of investment banks.
In a discussion with The Wall Street Journal’s Money & Investing editor, Nik Deogun, at today’s Deals & Deal [...]
Posted by admin on June 9th, 2008
Hong Leong Financial Group Bhd (HLFG) has obtained Finance Ministry and the Securities Commission (SC) approvals for its proposed acquisition of certain assets and liabilities of Southern Investment Bank Bhd and the entire equity interest in SBB Securities Sdn Bhd.
The development moves it closer to having an investment bank in its stable of companies, thus [...]
Posted by admin on June 9th, 2008
SunTrust Investment Services, a subsidiary of SunTrust Banks, has announced a new, coordinated multi-channel approach to retirement planning called Retirement GamePlan, which provides clients with the tools to plan for retirement.
SunTrust has developed Retirement GamePlan as a way for clients of all ages and income levels to more easily plan to reach their retirement goals [...]
Posted by admin on June 9th, 2008
Even as Safaricom notched a stellar 50 per cent increase in its share price on the first day of trading, for some investors, it was not a good debut for the telecoms giant.
For thousands of investors, many of who had borrowed expensively for interest rates of up to 20 per cent, Safaricom represented a major [...]
Posted by admin on June 9th, 2008
ISLAMABAD: All major economic indicators, Foreign Direct Investment (FDI), exports, Large Scale Manufacturing (LSM), saving and investment and tax collections witnessed negative growth in the outgoing fiscal year 2007-08.
Foreign Direct Investment: According to the State Bank of Pakistan data, the net foreign private investment during July-March 2007-08 has declined by 46.3 percent over the corresponding [...]
Posted by admin on June 9th, 2008
Billie Redmond, CEO of Coldwell Banker Commercial TradeMark Properties has announced that Allison Mitwol has joined the firm as a real estate advisor. In this position, Mitwol will specialize in the brokerage and leasing of retail properties in the Triangle area. Mitwol completed three years of work in residential sales before transitioning to commercial leasing [...]
Posted by admin on June 9th, 2008
The media are bombarding us with bad news stories about the residential property market.
For example, it was reported the Nationwide Building Society’s latest survey showed house prices recorded their largest monthly fall since 1991.
Prices dropped 2.5 per cent in May and are apparently now 4.4 per cent lower than a year ago, a fall of [...]
Posted by admin on June 5th, 2008
The rulers of the exchange of mankind’s goods have failed,” U.S. President Franklin D. Roosevelt told a Depression-blighted nation in his 1933 inauguration address. “There must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing.”
Fast-forward three-quarters of [...]
Posted by admin on June 5th, 2008
Deutsche Bank AG.’s co-head of investment banking, Anshu Jain sees ’some normalisation’ but does not consider the global financial crisis to be over yet.
‘Is the crisis behind us? Market indicators point to different conclusions,’ he said according to a presentation at an investors’ conference.
Jain estimates U.S. house prices will decline by a further 13 percent [...]
Posted by admin on June 5th, 2008
This firm is keen to take on a Compliance and Control Manager to ensure that the controls present in the UK business mirror strategy across European business units. This controls management position will see you working alongside an established control and compliance team, reviewing business activity (issues, treasury, loans to subsidiaries), monitoring performance, problems arising [...]