Internal Control Manager Investment Banking

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 [...]

Citi Alternative Investments Posts $358M Loss

Citigroup swung to a huge loss in the first quarter, hurt in part by poor performance and write-downs at its alternative investments business.
The losses at Citi Alternative Investments were a relative drop in the $5.1 billion bucket of red ink: the group recorded “negative revenue” of $358 million “on sharply lower proprietary revenues” and $212 [...]

Follow the money…out of America

NEW YORK (CNNMoney.com) — Where are investors putting their money in these uncertain times? Apparently, more and more are seeking safer havens in Europe, India, China and Latin America.With recession fears dogging the U.S. markets, stocks had a dismal first quarter. But according to recent figures from two key research firms that track the mutual [...]

U.S. Financial Crisis Is Over Analyst Bove Says

U.S. Financial Crisis Is Over, Analyst Bove Says (Update2)
By Aaron Clark and Jeff Kearns
March 20 (Bloomberg) — The U.S. financial crisis is over
and the decline in bank stocks offers a “once in a generation
buying opportunity for investors, according to Richard [...]

Elusive reality at heart of “Soul Thief”

Soon after Nathaniel Mason meets Theresa, the two visit Buffalo’s Albright-Knox Art Gallery to experience Lucas Samaras’ “Mirrored Room.” The room-sized cube is lined with mirrors, and standing inside the work %26mdash; with reflections in the green-tinted glass moving into infinity %26mdash; has to feel like being absorbed by a piece of art.
As Nathaniel [...]

Abbott sued by 18 states

Abbott and two units of Solvay SA, which co-promotes the drug with Abbott, illegally blocked competition by creating new formulations of Tricor with only minor changes as a way to extend patents and prevent cheaper generic versions from coming to market, according to the suit, filed in U.S. District Court in Delaware. Tricor costs more [...]

Targets inner circle

(Fortune Magazine) — You’d think Robert Ulrich would be warming up for his victory lap right about now. The soon-to-retire CEO of Target Corp. should be easing into a lavish farewell tour filled with teary thank-yous, champagne-soaked sendoffs, and a book of leadership secrets. After all, in his 23 years at Target (almost 14 of [...]

Lufthansa posts record result in 2007

The FINANCIAL — Deutsche Lufthansa AG posted record figures for profit and revenue in 2007 for the second year in a row.
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The Group profit after taxes was 1.7 billion euros; more than double that of the previous year. Revenue during the last year increased by 13 per cent [...]

Can’t afford your ideal fund Sample a hybrid

One twist on this strategy that will test and perhaps improve your mutual-fund investing habits is to start by investing in the type of fund (for example: bond, international stock) that is currently doing the most poorly - that is, you can buy when things are “on sale.”
Then, the next year, you [...]

Stagflation Threat Needs Portfolio Protection John F. Wasik

Stagflation Threat Needs Portfolio Protection: John F. Wasik
Commentary by John F. Wasik
Feb. 11 (Bloomberg) — For some soothsayers, the U.S.
economy may be ravaged by a two-headed monster: inflation and
stagnant growth.
Stagflation, the ugly sounding [...]