Howard Chen, an analyst from Credit Suisse, will be joining the bank's Investment Banking Department as the Managing Director and Global Head of Financial Technology and Financial Strategies.
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Volcker rule scrutinizes proprietary trading businesses
Major banks on Wall Street are extremely anxious about the threat of the final deliberations of the Volcker rule, of which its provisions regarding the definition and exemption of market-making is set to be deliberated soon.
Lululemon Athletica Founder Chip Wilson steps down as Chairman
Yoga-inspired athletic apparel firm Lululemon Athletica said Founder Chip Wilson will be stepping down as Chairman. He will be replaced by Michael Casey, the Lead Director of the Board.
Australian taxi app ingogo picks up AUD3.4 million, hints 2014 IPO
Australia-based taxi app ingogo has raised an additional AUD3.4 million in venture capital funding and expressed plans for a 2014 listing on the Australian Securities Exchange (ASX).
US media firm NBC Universal takes stake in AllThingsD, which is set to change name -report
NBC Universal has agreed to buy a minority stake in tech-news site AllThingdD, which is set to be renamed "Revere Digital" this month, according to a Bloomberg report.
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Despite the discount of costs to run hedge funds in the Asian-Pacific region, Citigroup Inc's recent survey revealed that not all hedge funds in the region are successes in expanding its assets and achieving profitability.
Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.
China sovereign investor Central Huijin Investment Ltd received approval the Shanghai Office of the People's Bank of China to trade on the interbank bond market, a Bloomberg report said.
UK-based lender Lloyds Banking Group PLC is offloading its remaining 21% stake in the investment firm St. James's Place for GBP95 million after progressively selling its stake down.
The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.
San Francisco-based real estate firm BRE Properties Inc is discussing a USD4.5-billion buyout offer by Essex Property Trust Inc, a deal that could expand the latter's portfolio in California.
Eight US technology firms in the US wrote an open letter to President Barack Obama, calling on government to impose stricter controls on online surveillance.
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
Yahoo Chief Executive Officer (CEO) Marissa Mayer is eyeing image sharing startup Imgur as the company's next big acquisition, according to an anonymous source cited by Business Insider.
