President Barack Obama will extend his push to revive the U.S. economy next week with a speech outlining job creation ideas, from encouraging home insulation programs to diverting funds meant to rescue failing banks, officials said on Friday. Continue Reading…
PRIME Minister Gordon Brown’s pledge to clamp down on bonuses for state-dominated banks suffered a setback yesterday when it emerged Lloyds Banking Group will hand out generous perks to staff involved in the takeover of Halifax Bank of Scotland. Continue Reading…
Bank of America Corp. shares jumped nearly 3 percent today as the Charlotte bank raised $19.3 billion in a securities offering and entered an “advanced stage” in its search for a new chief executive. Continue Reading…
RBC Capital Markets has hired Simon Ballard as a director and senior credit strategist in London, continuing its investment banking hiring spree. Continue Reading…
How much should Goldman Sachs pay Lloyd Blankfein? A year after the investment bank’s chief — and virtually all his peers — received what for them was a relative pittance, it’s the big question on Wall Street. And so it should be. Continue Reading…
Kang Chung-won, CEO of Korea’s largest lender Kookmin Bank, was designated as the new chairman of Kookmin Bank’s mother company, KB Financial Group, despite controversy over the hiring process. Continue Reading…
Arab Bank has appointed Nemeh Sabbagh as its chief executive in a move that places him as the frontrunner to replace group chairman Abdel Hamid Shoman. Continue Reading…
Nomura, the pre-eminent Asia based global investment bank, today announced the appointment of Dame Clara Furse and Kieran Poynter to the board of Nomura International Plc as non-executive directors. Continue Reading…
Deutsche Bank has announced the appointment of Dr. Thomas Mayer as the new head of Deutsche Bank Research, with effect from 1 January 2010. Continue Reading…
Hong Leong Investment Bank Bhd (HLIB) has appointed Lee Jim Leng managing director and chief executive officer with effect from Nov 24. Continue Reading…