Leading European Investment bank is looking to recruit an four structured credit product controllers to join a rapidly expanding team. This is an excellent...
Finance News
The financial services company and industry news with expert analysis from the Financial Times on FT.com
Updated: 1 hour 51 min ago
Network confusion links Facebook and Nasdaq
The reputation of both the social network and the stock exchange could be damaged by the glitch which held up opening trades in Facebook’s stock
JPMorgan returns $168m to MF trustee
The money is not part of the more than $1bn in missing customer cash that has been missing since the broker-dealer filed for bankruptcy in October
Gupta trial: the key characters
The key characters involved in the insider trading case against Rajat Gupta
ICAP secures Plus exchange licence
The world’s largest interdealer broker will pay a nominal £1 and take on liabilities and running costs for lossmaking quotations and listings arm
Buffett on list of Gupta trial witnesses
Lloyd Blankfein, Kenneth Chenault, Meg Whitman, Meredith Whitney and Deepak Chopra among the other leading names on lists submitted ahead of the insider trading trial
Ex-UKFI chief Cooksey joins hedge fund
Sir David will sit on advisory board of Strategic Value Partners, which manages $4bn of assets and focuses on acquiring struggling companies’ debts
Facebook valued at $104bn in IPO
Social media website will vault into the ranks of top 25 most valuable public companies in the US after pricing its offering at the top of the range
London loses financial jobs to regions
Edinburgh, Manchester and other regional cities help companies take advantage of lower costs, report shows
Pimco experiment beats flagship fund
Total Return ETF is up 4.8% since it launched March 1, with reinvested dividends, while the Total Return Mutual Fund has returned just 1.9%
NY Fed postpones $1.7bn CDO sale
Maiden Lane sale delayed to allow market time to digest ‘new information’ about the deals, which involve securities relating to AIG bailout
Concern at BlackRock role in Spain review
Fund manager’s consultancy arm has been given the task of valuing Spanish banking assets, leading to disquiet about a potential conflict of interest
Working in Africa: Expatriates in little danger of seeing the money run out
But they might find they are not as well ‘looked after’ as they have been in the past
Working in Africa: Backing businesses to deliver change
Interview: Dina Medland meets Rod Evison, a regular visitor to the continent who is building a large investment portfolio
Cassina leaves Citadel Execution Services
Matteo Cassina leaves as president of Citadel Execution Services Europe, trading arm of the US fund manager, having helped oversee group’s push into European trading
New 3i chief pledges shareholder payouts
Simon Borrows unveils scheme earmarking up to 20% of the proceeds of companies sold to investors and says there are no plans for a sale of the group
FSA searches for new enforcement chief
The financial watchdog is casting its net across three continents and has asked headhunters to help find a replacement for Margaret Cole
Hedge funds veer from Marx to Munch
The one day Sohn Investment Conference built around presentations from high profile investors went from naked promotion of share portfolios and Marx to Munch’s ‘Scream’
FSA pursues ban on former BGC executive
A civil court ruled that Anthony Verrier led an unlawful poaching conspiracy against a rival interdealer broker and did not tell the truth about it
ICAP in talks to buy Plus Markets
Broker in discussions with the FSA and the UK exchange’s board over a deal that would preserve the quotations of the 156 groups traded on the market
Judge to allow wiretaps in Gupta case
A US judge plans to allow the government to play at trial recordings of three phone calls involved in the insider trading case against the former Goldman Sachs board member.