Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
New Hire Roundup: Marvin Davis Goes to Edelman Financial Services
Also this week, Michele Buck was elected to the board at New York Life, and Lisa Parry Howard and Kathleen Parsons joined New York Private Trust Co.
Ouch! DoubleLine Raids TCW Again for More Talent
The focus has now turned to equity analysts, as the fixed-income shop makes a push to broaden its investment horizons.
French Banks’ Trading Assets Create ‘Systemic Risk’
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
New Hire Roundup: Mason Is CIO at OneAmerica; Rodilosso Joins Market Vectors
This week in new hires, John Mason became CIO at OneAmerica Financial Partners and Francis Rodilosso went to Market Vectors ETFs.
S&P Warns on Possible Downgrade of EU, Banks
Standard & Poor's, continuing a theme it began earlier this week, said Wednesday that the European Union itself could face the loss of its AAA credit rating, as could large euro zone banks.
Moody’s Threatens Ratings Cuts for European Banks
The banks of 15 countries in Europe have been put on notice by Moody’s: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.
Fitch Downgrades 3 Big Banks, Threatens Over a Dozen More
Fitch Ratings cut the long-term issuer default ratings of three major banks late Thursday, and warned that more than a dozen more may see their ratings cut as well as it put them on a negative watch.
Germany Now Home to Latest MSCI Index Offering
FRANKFURT, Germany (HedgeWorld.com)--HansaInvest was among the first to gain regulatory approval to offer hedge funds in Germany, and now officials have structured an index-based offering with Lyxor Asset Management, Paris. The new fund, MSCI Hedge Invest Lyxor Tracker-HI Fund essentially will duplicate the performance of MSCI's hedge fund index denominated...