Tidjane Thiam, outgoing CEO of Prudential, talks about his move to Credit Suisse, adding that he has complete respect for his predecessor, Brady Dougan.
Tidjane Thiam, outgoing CEO of Prudential, says that he always knew he'd leave Prudential someday, and that he doesn't know who will take his position.
Barely an hour after the appointment of Tidjane Thiam at Credit Suisse, industry experts were already extolling the benefits he could bring.
Chris Skinner, CEO of Balatro, says the positive share price move in Credit Suisse reflects Tidjane Thiam's appointment as CEO, rather than Brady Dougan's resignation.
Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.
Chris Wheeler, banks analyst at Atlantic Equities, says it's time for Credit Suisse CEO Brady Dougan to step down, adding that Prudential CEO Tidjane Thiam is an "innovative appointment."
Tidjane Thiam, the current chief executive of Prudential insurance group, has been lined up to replace Brady Dougan at the helm of Credit Suisse. The Financial Times reports.
The Justice Department is investigating whether an HSBC employee may have leaked information to a hedge fund, Dow Jones reported.
European shares closed in positive territory on Tuesday as new data for Germany beat expectations and buoyed investor sentiment.
European shares closed lower on Tuesday as investors weighed corporate releases, data from the euro zone and tensions in Ukraine and Iraq.
Future monetary policy by the U.S. Federal Reserve is the biggest concern for Prudential, according to its group chief executive.
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
Insurance giant Prudential reported 29 percent growth in new business profit in the first quarter of 2014 on Thursday.
The U.K.'s City regulator is to investigate 30 million life insurance policies sold over the last four decades.
Prudential has struck a deal with financial services group Standard Chartered to expand the an existing partnership between the two groups.
Despite fears surrounding growth in the world's second biggest economy, Tidjane Thiam, CEO, of insurance firm Prudential, is not worried about the future of China.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
Prudential has revealed than one in five British people in relationships are keeping their debts a secret from their other halves.
European equities closed lower on Tuesday as investors remained cautious over the timing of the Fed's reduction of its stimulus program.
Insurance group Prudential laid out an "aggressive" growth plan, targeting at least £10 billion of cumulative cash generation by 2017.