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NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
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NEW YORK, April 26- A Diamondback Capital Management portfolio manager convicted of insider trading should reimburse up to $12.9 million to his former employer, in addition to serving as much as 6-1/ 2 years in prison, federal prosecutors said on Friday.
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NEW YORK, April 26- A Diamondback Capital Management portfolio manager convicted of insider trading should reimburse up to $12.9 million to his former employer, in addition to serving as much as 6-1/ 2 years in prison, federal prosecutors said on Friday.
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The British insurance group has poached Standard Life Chief Financial Officer Jackie Hunt to head up its UK and European business, following the resignation of Rob Devey. The asset management company appointed Laurent Guillet as chief executive at its London branch.
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April 26- Ronald Kruszewski, the chief executive of brokerage firm Stifel Financial Corp, received $6.99 million in cash and stock awards in 2012, according to the St. Louis- based company's annual proxy filing on Friday.
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By Sarah White and Sophie Sassard. MADRID/ LONDON April 26- Spain's biggest bank Santander is in exclusive talks with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell a stake in its asset management business, three people familiar with the discussions said. The business had 161 billion euros of assets under management at the end of March.
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By Sarah White and Sophie Sassard. MADRID/ LONDON April 26- Spain's biggest bank Santander is in exclusive talks with U.S. private equity firms Warburg Pincus and General Atlantic LLC to sell a stake in its asset management business, three people familiar with the discussions said.
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LONDON, April 26- Odey Asset Management has upped its stake in Man Group, having already profited in recent months as investors bet on a recovery at the hedge fund firm. London- based Odey, founded by veteran fund manager Crispin Odey and which is known for its lucrative bet in 2009 on a recovery in Barclays shares, raised its stake in Man to 6.07 percent on Thursday.
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LONDON, April 26- Hints the euro zone may shift away from front-loaded fiscal austerity have been treated kindly by financial markets this week as bond investors seem comfortable with at least a measured tilt in the policy mix.
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LONDON, April 26- Hints the euro zone may shift away from front-loaded fiscal austerity have been treated kindly by financial markets this week as bond investors seem comfortable with at least a measured tilt in the policy mix.
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BOSTON, April 26- Hedge fund SAC Capital Advisors, under pressure from a government investigation into insider trading, is adjusting its liquidity conditions again as a new deadline to pull out money looms next month.
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BOSTON, April 26- Hedge fund SAC Capital Advisors, under pressure from a government investigation into insider trading, is adjusting its liquidity conditions again as a new deadline to pull out money looms next month.
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BRUSSELS, April 26- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Distributor Export Trading Company Holdings, SCPE, which is the private equity arm of British bank Standard Chartered, investment funds Pemgrofund and Carlyle Commodities to acquire joint control of ETC Group.
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The British insurance group has poached Standard Life Chief Financial Officer Jackie Hunt to head up its UK and European business, following the resignation of Rob Devey. The asset management company appointed Laurent Guillet as chief executive officer at its London Branch.
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*Q1 adjusted earnings per share $0.28 excluding items. *Q1 revenue fell 17 percent to $414 million. *Says assets under management of $172 billion as of March 31, 2013, up.
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HELSINKI, April 26- Finnish pension fund Varma trimmed its fixed income investments in favour of equities in the first quarter to secure higher returns, and warned the euro zone was falling into a "trap" of low interest rates.
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SINGAPORE, April 26- Private banking was back in the market this week with a vengeance. Bonds such as Daegu Bank's 2018 s, which were issued at 155 bp over Treasuries on Monday, were quoted at 157 bp today. The new 10- year bonds of BOC Aviation were last quoted at 263 bp over, having priced on Wednesday at 270 bp over.
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TOKYO, April 26- Japanese regulators have stripped U.S.-based MRI International Inc of its registration as an asset manager and may pursue criminal charges against the firm, accusing it of mismanaging client funds and falsifying reports.
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TOKYO, April 26- Japanese regulators have stripped U.S.-based MRI International Inc of its registration as an asset manager and may pursue criminal charges against the firm, accusing it of mismanaging client funds and falsifying reports.
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TOKYO, April 26- Japan's Government Pension Investment Fund, the world's largest public pension fund, issued a tender on Friday to select new fund managers to supervise its domestic equities portion of its massive $1.12 trillion overall portfolio.
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April 26- Koninklijke KPN NV:. *KPN: Espirito Santo Investment Bank raises pre-rights fair value to. 2.25 euros from 2.11 euros; rating neutral.