Financial News

Financial newspaper is a newspaper specializing in Finance topics.

Articles from November 4, 2003

Big Is Not Always Best
Byline: Sarah Butcher 'Bulge bracket' investment banks such as Goldman Sachs, Morgan Stanley and Merrill Lynch have a high profile through their presence at milk-round recruiting events.Less well known are the small companies - corporate...
Citigroup Replaces SG on Thomson Sale
Byline: Shanny Basar Citigroup is leading the sale of the French government's remaining stake in Thomson with Goldman Sachs, displacing SG, which ran all the previous state disposals in the media and consumer electronics group.Citigroup is sole...
CSAM Suffers $4Bn of Outflows in Third Quarter
Byline: Ben Wright Credit Suisse Asset Management has suffered $4bn ([euro]3.5bn) worth of net outflows in the three months to the end of September, according to the firm's parent company Credit Suisse Group.CSAM said the outflows were mostly a...
CSFB Profits Fall by 21% in Third Quarter
Byline: Vivek Ahuja Credit Suisse First Boston's net profits fell by 21% quarter-on-quarter to $224m ([euro]196m) in the third quarter on the back of weaker fixed income trading results and lower revenues from equities and investment banking.Net...
Essential Reading
Books that provide background information for a career in financial services:Finance: a Fine Art, by Michel Fleuriet. (pub. 2002, John Wiley & Sons, [pounds sterling]19.99, 298pp). A former chief executive of Merrill Lynch France...
GL Acquires Misys Securities Trading Systems
Byline: Frances Maguire GL Trade, the French trading software provider, has closed a deal to acquire the equities trading solutions and operations of UK company Misys.GL has taken a 100% stake in three Misys subsidiaries: Misys Securities Trading...
How Much Am I Worth?: Vice President, Project Finance, Leading International Bank
Byline: Justin Keay A panel of specialist headhunters give their assessment of typical London pay packages: Vice president, project finance - salary around [pounds sterling]75,000, bonus 50% upwardsFor many Londoners, a power cut last month - which...
Io Opens Hedge Funds to Smaller Investors
Byline: Anuj Gangahar Io Investors, the asset management house, has become the first group to lower its minimum investment level following Irish regulatory approval for marketing the funds to retail investors.The io low volatility and io defensive...
Orange Shareholders Threaten Legal Action against Regulator
Byline: Samer Iskandar in Paris A French shareholder rights group is threatening to take the Conseil des Marches Financiers to court if the financial regulator approves France Telecom's plan to squeeze out minority shareholders in its mobile subsidiary...
SEC Wins Battle in Turf War with Spitzer
Byline: Sophie Brodie The Securities and Exchange Commission (SEC), the US federal regulator, has won an important ruling in its battle to assert control of US securities indusry regulation after a US court ruling.US District Judge William Pauley...
Shareholders Wary of BSkyB's Murdoch Appointment
Byline: Alistair Graham UK shareholder groups have reacted with dismay and concern to the appointment of James Murdoch, the 30 year-old son of chairman Rupert Murdoch, as chief executive of BSkyB, the satellite television broadcaster.Both the Association...