Deutsche names new chief in UK June 17, 2009 DEUTSCHE Bank has appointed Colin Grassie to the newly-created post of UK chief executive, in preparation for a drive to build up its share of the British banking marketplace. The German lender said Grassie, who previously served four years as the bank’s Asia-Pacific chief executive, would be responsible for developing its UK franchise, including building [...]
Geordieland can scupper Yeats’ historic fourth Ascot Gold Cup bid June 17, 2009 Yeats is just 9/4 with Boylesports to land a fourth consecutive Ascot Gold Cup this afternoon and there won’t be a more popular winner if he manages to secure his position among racing’s true greats. Aidan O’Brien’s eight-year-old has won 14 of his 23 lifetime starts, netting a stunning £1,146,977 along the way, and has [...]
Stoute’s Leocorno looks the banker on Ladies Day June 17, 2009 Sir Michael Stoute opted to bypass the Investec Oaks with LEOCORNO and she showed at Sandown last time that she is a filly right out of the top drawer. It may have only been a 0-80 handicap she won that day, but the daughter of Pivotal quickened away in the style of a very useful [...]
The INSIDER June 17, 2009 We had a great start to the Royal Meeting with Canford Cliffs and now it is the turn of stable mate MONSIEUR CHEVALIER to win the Norfolk Stakes. I had a lovely horse lined up for the Britannia Handicap, but he’s a non-runner so in his absence there are two beasts I fancy. First up [...]
BUSINESS OSCARS DO CREDIT CRUNCH CHIC June 17, 2009 IT CERTAINLY doesn’t bode well for a lengthy awards lunch when the presenter himself admits he’s been ordered to “cut back on the gags” because of the economic climate – especially when the ceremony in question is none other than the Thomson Reuters Extel Awards, more commonly known as “the Oscars of the City”. (Practically [...]
Confidence wavers but the drug makers have the cure June 17, 2009 RECENT confidence of a quick global economic recovery wavered yesterday, with commodity stocks down on weaker raw material prices but pharmaceuticals and telecoms gaining. “The bulls have lost their swagger and after a week long stalemate, the bears appear to be winning the recovery debate. Financial markets have now broken out of last week’s unusually [...]
US banks hit after S&P’s downgrade June 17, 2009 TECHNOLOGY shares buoyed the Nasdaq yesterday after positive broker comments on Qualcomm, but financial shares’ losses held back the Dow and the S&P 500. Banks were hurt by a broad debt ratings downgrade from Standard & Poor’s and uncertainty over the government’s extensive proposals for banking-industry reform. The KBW Bank index fell 3.3 per cent. [...]
Recovery hopes are pushing smart traders towards metals contracts June 17, 2009 BELOW me, dozens of men in dark suits are standing in a ring, yelling at each other and making special hand signals. Around the ring clerks are sitting, often with a telephone held to each ear and giving a running commentary down the line on the events unfolding in front of them. In the cacophony [...]
BANKING WOE PUTS EURO ON THE BACK FOOT June 17, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM AFTER months of heavy handed fiscal and monetary stimulus, the fact that central bankers and finance ministers are turning their attention to exit policies offers some reassurance that conditions must be returning to normal. This is not, however, a time for complacency. Over the past couple of months, investors’ fears have [...]
The post-trade space is facing a revolution following Mifid June 17, 2009 IN THE fast and exciting world of trading it is all too easy to overlook the importance of the necessary but rather administrative post-trade activities, of which clearing and settlement are the most important. But these play a vital role in the functioning of the European securities markets. And the European clearing and settlement space [...]
