Trichet reassures on eurozone

Jean-Claude Trichet, ECB president, moved on Thursday to boost confidence in eurozone public finances while maintaining pressure on southern members to bring spiralling deficits under control....

Doubt cast on EMI’s viability

EMI’s accountants have raised “significant doubt” about its ability to continue as a going concern, in a report that lays bare the parlous state of the £4.2bn...

Buffett, Kraft launch bond sales

Kraft Foods and Warren Buffett’s Berkshire Hathaway sold a total of $17.5bn in bonds on Thursday to finance acquisitions despite financial market turmoil. Berkshire raised $8bn...

Dimon receives $10m shares

Jamie Dimon, JPMorgan Chase’s CEO, on Thursday received shares worth about $10m after exercising 10-year-old stock options, just days before he was due to be granted a 2009 pay...

A knee jerk reaction

The price action in the 10-year UK gilt in the wake of the Bank of England’s decision to put its quantitative easing programme on hold — but with an important caveat…...

[Mining Indaba 2010] Day III

By Matthew Kennard.

Wednesday was all about investment security and Africa. The conference was addressed by South African mining minister, Susan Shabangu, who made noises a lot...

Media-fuelled bonus neurosis

Even in the bold new era of “bonus rage”, rarely has so much limelight been focused on one individual banker’s remuneration. This stirring headline and breathless...

Hands weighs plea on Citi loans

Guy Hands will have to ask investors in his Terra Firma private equity group to inject another £100m after admitting that EMI’s recorded music business will not be able to meet...

US eyes ‘dirty money’ loopholes

US lawmakers are seeking to expand the reach of anti-money laundering regulations after a Senate investigation found that hundred and millions of dollars in suspect foreign funds have entered the US....

FSA fines ex-BlueBay manager

The former manager of BlueBay Asset Management’s emerging markets fund has been fined £140,000 and banned from the industry for doctoring valuations and misleading investigators....

Simon “Scissorhands” Treacher

From the FT’s Lombard column.

Simon “Scissorhands” Treacher has added to the list of clumsy ways in which financiers can fall foul of the Financial Services Authority....

Boxing bankers, timewarp du jour

In early 2007 Bloomberg published this little story:

Boxing Bankers Pummel Each Other for Fun at London Fight Club

By Julia Werdigier
Jan. 12 (Bloomberg) — David Peters,...

Central Bank DeathMatch

This scrap, fight fans, pits Ben Bernanke against the UK’s very own Mervyn King.

The tussle is over whose policies aided economic growth more effectively – those of...

[Mining Indaba 2010] Day II

By Matthew Kennard.

To mangle Karl Marx: A spectre is haunting Indaba – the spectre of China. I know I keep banging on it but its everywhere. It’s strange I haven’t seen...

Faber lashes out — again

After his recent and widely disseminated quip on CNBC that “Obama makes Bush look like a genius”, Marc Faber is now offering some insights into how the US can get out...

Volcker plea on Wall St shake-up

Paul Volcker, former Federal Reserve chairman, made a direct pitch to Congress on Tuesday to prevent his proposed ban on banks’ proprietary trading from being diluted or scrapped...

Galleon case ‘mole’ named

The identity of the key co-operating witness in the Galleon insider-trading case was disclosed on Tuesday with the unsealing of a plea agreement struck in December between federal...

BofA seeks 2,000 more brokers

Bank of America aims to return Merrill Lynch’s “thundering herd” of retail brokers to full strength by adding as many as 2,000 people to its global wealth management division over the next year....