CEO for Royal Bank of Scotland was persuaded by the bank's board to step down to enable his successor to be in place prior the government's sale of its 81% stake.
Finance/Venture
Deals of the day - mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Goldman Sachs Offers Automated Block Trading for Top Clients
Goldman Sachs offered automated book trading for top clients as they have the sense of urgency for trading.
Societe Generale is buying out Credit Agricole's Stake in Newedge
Societe Generale is set to buy out Credit Agricole's shareholdings in the joint venture brokerage Agricole.
FINRA forwards recommendations to clear broker's records
FINRA will be submitting to the SEC a process to clear broker's records. (Photo : Reuters)The image is FINRA's corporate logo. The Financial Industry Regulatory Authority or FINRA said that it would in the next few weeks send to the Securities and Exchange Commission a proposal that would allow securities brokers to clean up some of the black marks on their broker's records.
Latest News
Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.
Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.
Virgin Money exploring IPO of Northern Rock. (Photo : Reuters)The image is the logo of Virgin Money. The bank that purchased Northern Rock Plc, Virgin Money Holdings UK, is in the process of searching for advisers to provide assistance for its initial public offer.
Euro-area rose amidst negative forcest led by France. (Photo : Reuters)This is a photo of the French and EU flag. The industrial output in the Eurozone has risen despite earlier predictions, mainly due to France's unexpected rebound, giving investors a glimpse of hope to a lomg-awaited revival of the currency bloc's economy from recession.
Investment banking giant JPMorgan Chase (JPM.N) remained at number one after reporting a revenue of $6.9 billion on Wednesday. Four other companies are on JP Morgan Chase's trail, all four of which are currently tied at second place.
According to a Wall Street Journal report, Carlyle Group seeks a hefty US$4 billion property fund, the biggest property fund since the financial crisis once gotten successfully.
Patrick Corso departs Providence Equity, the fourth senior departure in the company since 2008. (Photo : Reuters)The image shows a view of Hong Kong's business district.
The FTSE Emerging Markets index fell 1.7 % on Tuesday. (Photo : Reuters)The image is the flag of South America's largest economy, Brazil. FTSE declined from its peak last May to more than 10 percent.
Bank of America, Chase, CitiGroup and other big banks were given two years to comply with the Dodd-Frank requirement that pushed swaps trading out of banks.
