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 [...]
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 [...]
Vinod Aachi, head of equity structuring, private banking and retail coverage Asia ex-Japan at Deutsche Bank, provides a perspective on what the credit crisis and the return of volatility have meant for the structured products market in Asia and how issuers of such products can remain relevant in the current market environment.
It’s no surprise that [...]
SCOR realises strong net income of EUR 124 million in the First Quarter 2008, up 63% despite a challenging financial environment
SCOR records strong results, carrying its profitability momentum into 2008. A strong business performance in Non-Life and Life more than offsets a decrease in investment income due to a challenging financial market environment. The quarter [...]
By Joseph A. Giannone
NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) said its
quarterly earnings plunged after it absorbed $2.3 billion of
write-downs, but robust trading results helped the No. 2 U.S.
investment bank trounce expectations by a wide margin.
Morgan overall had the best quarter among the big Wall
Street [...]
LONDON (Reuters) - Investment bank and asset manager
Investec Plc (INVP.L: Quote, Profile, Research) (INLJ.J: Quote, Profile, Research) said it was on track to deliver
solid growth in annual operating earnings despite a recent
weakening in trading conditions.
The firm also said it would take an impairment charge of
between 50 million and 60 [...]
SANTA FE, N.M. (AP) — Thornburg Mortgage Inc. will give away a big stake in itself and borrow $1 billion at a high interest rate to appease its lenders, the mortgage company said Wednesday.The struggling company’s lenders agreed to stop issuing margin calls, or demanding their money back, if Thornburg raises enough cash. Thornburg [...]
Seat Pagine Shares Drop After Dividend Is Omitted (Update3)
By Chiara Remondini
March 19 (Bloomberg) — Seat Pagine Gialle SpA, Italys
largest publisher of telephone directories, fell the most since
it started trading in Milan in August 2003 after saying it wont
pay a dividend [...]
Seat Pagine Shares Drop After Dividend Is Omitted (Update3)
By Chiara Remondini
March 19 (Bloomberg) — Seat Pagine Gialle SpA, Italys
largest publisher of telephone directories, fell the most since
it started trading in Milan in August 2003 after saying it wont
pay a dividend [...]
By Joseph A. Giannone
NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) reported sharply
lower quarterly earnings on Wednesday after absorbing $2.3
billion of write-downs, but resilient trading results helped
the No. 2 U.S. investment bank beat Wall Street’s reduced
expectations by a wide margin.
By several measures, Morgan had the best [...]
