Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that Ark Asset Management Co., Inc. (Ark), a leading investment management firm in the institutional marketplace, will transition its installation of the Eagle investment management suite, which is currently managed in-house, to [...]
The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.
“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen [...]
A decade after its merger with Travelers Group Inc. created the No. 1 U.S. bank by assets, Citigroup Inc. is the stock market’s inferior investment compared to Bank of America Corp., JPMorgan Chase & Co. and the Standard & Poor’s 500 Index.
No wonder Citigroup Chief Executive Officer Vikram Pandit, just four months into the job, [...]
NEW YORK– Investment bank Lehman Brothers Holdings Inc. says its fiscal first-quarter earnings fell 57 per cent due to a steep decline in the company’s capital-markets business.
Net income for the quarter ended Feb. 29 fell to $489 million (U.S.), or 81 cents per share, the company said yesterday.
That compared with earnings of $1.15 billion, [...]
Fortis Agrees to Sell 50% Stake in Unit to Ping An
By Cathy Chan and Martijn van der Starre
March 19 (Bloomberg) — Fortis, Belgiums biggest financial-
services company, agreed to sell half of its asset-management
unit to Ping An Insurance (Group) Co. for [...]
Ping An to Buy Stake in Fortis Unit for $3.4 Billion
By Cathy Chan and Martijn van der Starre
March 19 (Bloomberg) — Ping An Insurance (Group) Co.,
Chinas second-biggest insurer, agreed to buy half of Fortiss
asset-management unit for 2.15 billion euros ($3.4 [...]
But Chinese stocks jumped after the securities regulator granted approval of two new equity funds and the wealth management operations of nine mutual funds.
In Tokyo, the benchmark Nikkei 225 index rose 12.84 points, or 0.09 percent, to 13,635.40 as traders bought steel issues in the hope that rising demand in emerging markets will offset higher [...]
LONDON (AP) — European stocks rocks rose Monday on speculation about possible new investment in the banking sector even as U.S. markets remain closed on Presidents Day, a public holiday. Asian markets were mixed.The U.K.’s benchmark FTSE 100 rose 1.8% to 5,893.6, while Germany’s Dax Index gained 1.5% to 6,932.61. In France, the CAC [...]
The FINANCIAL – Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to Ernst %26amp;Young’s Global Insurance Center.
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Companies need to make significant changes and seek alternative growth strategies if they are to remain competitive and survive [...]
Switzerlands SMI Index Advances; Swiss Re, UBS, ABB Lead Gains
By Daniela Silberstein
Jan. 14 (Bloomberg) — Swiss stocks rose for the first time
in three days, led by Swiss Reinsurance Co., the worlds largest
reinsurer. UBS AG led banking shares higher. [...]
