BlackRock, the top money manager of the world, to hire 300 lawyers to monitor financial regulation all over the world.
Industry
Junk Markets Make Hay While Yield Seekers Come
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Buyout Flipping Harmful to Investors
Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
Banks Frustrated with Back Room Deals
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
Dish's Cullen Driving Force For Wireless
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
Latest News
UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
Warren Buffett's Berkshire Hathaway would hold its shareholder meeting with a new twist on the festivities.
Armstrong Asset Management appoints Yasushi Ujioka as its investment director. Armstrong Asset Management appointed Yasushi Ujioka as the new Investment Director of the Singapore based company.
Barclays is seeking to find more deals in Turkey. Barclays Plc, the third highest adviser for US stock offerings in 2013, is looking for more deals in Turkey after it had helped airline Pegasus Hava Tasimaciliigi AS during its IPO last year.
Brown Vitter seeks to remove the issues created in the banking world that Dodd Frank started. How the tides have turned. A year ago, the big US banks lobby was focused on the amendment and/or total repeal of the Dodd-Frank financial reform law.
Asian insurance industry investors see no sign of slowdown for fast growing market. A frenzy is underway in the Asian insurance industry and it has made many pay large sums so as not to miss opportunities to participate in the region's fastest growing market.
IPO is the next best option as five banks find it difficult to find buyers for their businesses. Five British banks would be looking to float their stocks in the market.
While many indicators say that there would be a worldwide economic slowdown, central banks aim to reverse or even control that.
