UK regions keep busy thanks to cost and quality
What are the regional job trends? Chris Poole: The north-west jobs market remains tough, but there are encouraging signs. We are seeing a growing interest among employers in relocating to…
FSA calls time on risky home loans
The era of cheap and easy credit that saw billions lent to home buyers with little evidence that they could repay loans has ended as the regulator unveiled strict newrules.…
MTS buys into Russian bank
MTS, Russia’s largest mobile operator, will acquire a quarter of a domestic bank for about £100m as part of a strategy to expand further into financial services. MTS, which is…
Start-up scheme hit by lack of promotion
A “transformative” scheme for funding start-up UK companies is at risk of being ignored by prospective investors, entrepreneurs are warning – due to a lack of promotion by government bodies.…
Gupta’s swift downfall after steady rise
The rise of Rajat Gupta was steady but his fall was swift. Gupta, the Indian-born businessman who climbed from teenage orphan in Kolkata to the pinnacles of corporate America, was…
Walker plans Barclays board clear-out
©Bloomberg New Barclays chairman, Sir David Walker Sir David Walker is planning a clean sweep of Barclays’ board after he formally becomes chairman of the scandal-tainted bank next week and…
Gupta sentenced to two years in jail
©EPA Rajat Gupta, the highest ranking executive convicted in a wide-ranging US crackdown on insider trading, was sentenced to two years in prison and fined $5m, in a sharp fall…
Insurers forced to seek juicier returns
They are among the world’s most important investors, with some $25tn worth of assets under management, five times more than hedge funds and private equity. Yet the often staid investment…
Ocwen wins ResCap auction with $3bn bid
Ocwen Financial has beat off tough competition from Nationstar Mortgage to win a bankruptcy court auction of Residential Capital’s mortgage servicing business. The auction started Tuesday morning at a hotel…
JPMorgan’s Scharf to head Visa
Visa will appoint Charlie Scharf, former head of retail banking at JPMorgan Chase, to succeed Joseph Saunders as its chief executive officer next month as the credit card company broadens…
Macro funds seek succour in emerging markets
When the dust settles on the retirement of Moore Capital’s star trader, Greg Coffey, at the age of 41, and the flutter of speculation and flattering commentary it occasioned last…
Credit Suisse ETF sale could raise $150m
The sale of Credit Suisse’s exchange traded funds business could raise around $150m for the Swiss bank, according to Citi. Credit Suisse put its ETF business, which has $17bn in…
Investment banks – temptation
As Credit Suisse opens the European investment banking reporting season on Thursday, banks across the continent are being led into temptation. Right now they are cutting costs and trying to…
Wanted by the US? Brace for extradition
At least five UK newspapers hailed it as home secretary Theresa May’s Love Actually moment – recalling the scene in the film when Hugh Grant, playing Britain’s prime minister, tells…
Lower trading volumes hamper Nasdaq
Nasdaq OMX said net profits at the global exchange operator slipped in the third quarter, blaming less volatile trading for a decline in sales at its core US equity trading…