General Electric is considering listing its consumer finance operations to fund more share buybacks and strengthen focus on its industrial businesses, its chief executive has indicated. Jeff Immelt told a…
Several senior managers in the advisory business at Canaccord Genuity, the European arm of Canaccord Financial, are set to leave the group, according to people close to the situation. The…
Investors who lent money to some structured finance vehicles when the market was struggling to recover two years ago are being told they must accept lower interest rates, in what…
Los Angeles-based fund manager Ares Management has appointed Charles Steel, a former adviser to Tony Blair and a one-time Carlyle Group investment executive, as managing director in charge of private…
The Dubai International Financial Centre has appointed Brett Schafer as chief executive of DIFC Properties. The DIFC last year restructured its core functions into independent entities, making the DIFC Authority…
Hong Kong’s retail investors appear to have recovered their stomach for stock market investing after they sent Galaxy Securities 6 per cent higher on its market debut. The Chinese brokerage’s…
The dumb money is returning to Japan, in a big way. Mutual and exchange traded funds investing in Japanese shares attracted record inflows last week. So far this year almost…
Jamie Dimon walked offstage from JPMorgan Chase’s annual meeting to the sounds of The Way It Is, a song by Bruce Hornsby, which goes: “That’s just the way it is/Some…
Lawyers for Rajat Gupta, the former Goldman Sachs director convicted of insider trading, argued he should be given a new trial because he was not permitted to use evidence that…
Singapore’s wealth fund Temasek has taken a stake of around 10 per cent in Markit in a deal that values the fast-growing UK financial data company at around $5bn. The…
Hong Kong regulators have opened an investigation into alleged financial irregularities at Hong Kong Mercantile Exchange, the commodities bourse that shut down on Monday. The Securities and Futures Commission confirmed…
What does it say when Goldman Sachs no longer wants you but others rush in? The US bank has sold its remaining stake in ICBC, the world’s biggest bank by…
Martin Gilbert’s decision to step down as chairman of FirstGroup after 27 years at the company and its forerunners was a case of a man who could see the writing…
BlackRock has planted a flag in Asian property by buying MGPA, a Singapore-based private equity firm, in a deal that highlights investor demand for assets that offer steady income and…
Nearly five years after the collapse of Lehman Brothers, the US investment bank, financial services companies are still battling to restore their reputation. Just as one crisis passes another seems…