Citigroup banker joins C Suisse May 18, 2009 Citigroup last night lost one of its most senior investment bankers in Europe after Christopher Williams quit to join Credit Suisse. Williams is also one of the leading advisers to the government on its bailout of the country’s largest lenders and was global co-head of Citigroup’s financial institutions group.
Citigroup banker joins C Suisse May 18, 2009 Citigroup last night lost one of its most senior investment bankers in Europe after Christopher Williams quit to join Credit Suisse. Williams is also one of the leading advisers to the government on its bailout of the country’s largest lenders and was global co-head of Citigroup’s financial institutions group.
Lehman estate claims sale to Barclays was too low May 18, 2009 LEHMAN Brothers’ estate claimed yesterday the fire sale of its broker-dealer and investment banking units to Barclays for $1.54bn (£1bn) was too low. It is now trying to force an investigation into whether it received enough compensation for its units. In a US court filing last night, Lehman said it believed that liabilities assumed by Barclays for [...]
Lehman estate claims sale to Barclays was too low May 18, 2009 LEHMAN Brothers’ estate claimed yesterday the fire sale of its broker-dealer and investment banking units to Barclays for $1.54bn (£1bn) was too low. It is now trying to force an investigation into whether it received enough compensation for its units. In a US court filing last night, Lehman said it believed that liabilities assumed by Barclays for [...]
Pearl’s bankers in the driving seat May 18, 2009 BANK lenders to Pearl, Hugh Osmond’s struggling insurance group, have won a significant concession in their fight not to accept a major write-off on their £3bn loans. Pearl’s bankers were recently asked to take a 40 per cent write-off on their loans as part of a £500m injection of equity from a shareholder group, Liberty. This group [...]
Pearl’s bankers in the driving seat May 18, 2009 BANK lenders to Pearl, Hugh Osmond’s struggling insurance group, have won a significant concession in their fight not to accept a major write-off on their £3bn loans. Pearl’s bankers were recently asked to take a 40 per cent write-off on their loans as part of a £500m injection of equity from a shareholder group, Liberty. This group [...]
Lloyds aiming for recovery May 18, 2009 LLOYDS Banking Group made a tentative step towards recovery yesterday as it launched a discounted £4bn share placing, just a day after chairman Sir Victor Blank announced his retirement. In a move that signals a fresh start after the Blank regime left the bank 43 per cent state-owned, Lloyds said it would use the cash [...]
Lloyds aiming for recovery May 18, 2009 LLOYDS Banking Group made a tentative step towards recovery yesterday as it launched a discounted £4bn share placing, just a day after chairman Sir Victor Blank announced his retirement. In a move that signals a fresh start after the Blank regime left the bank 43 per cent state-owned, Lloyds said it would use the cash [...]
US banks rushes to repay TARP May 18, 2009 Goldman Sachs Group, JPMorgan Chase, and Morgan Stanley have applied to repay billions of dollars they borrowed under the US government’s Troubled Asset Relief Programme (TARP). They are the first wave of major lenders allowed to return TARP funds. The banks need regulatory approval to repay the funds, and regulators have said they will consider [...]
US banks rushes to repay TARP May 18, 2009 Goldman Sachs Group, JPMorgan Chase, and Morgan Stanley have applied to repay billions of dollars they borrowed under the US government’s Troubled Asset Relief Programme (TARP). They are the first wave of major lenders allowed to return TARP funds. The banks need regulatory approval to repay the funds, and regulators have said they will consider [...]