Finance Editor, Bloomberg News
Finance editor at Bloomberg News in London. Opinions my own. Tweets aren't endorsements.
bloomberg.com — Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking. BlueCrest Capital Management LLP doubled its New York staff in the two years through December, while Pine River Capital Management LP increased its global workforce by one-third in 2012.
bloomberg.com — Goldman Sachs Group Inc. (GS), Citigroup Inc. (C) and 10 other banks have restrained market competition for credit default swaps in violation of U.S. antitrust law, a union pension plan claimed in a federal court complaint.
bloomberg.com — Twelve days into his job as co- chief executive officer of Deutsche Bank AG (DBK), Anshu Jain stood beside Germany's finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
bloomberg.com — JPMorgan Chase & Co (JPM). was the top payer among investment banks last year, awarding its senior employees a fifth more than Goldman Sachs Group Inc., according to a report that also highlights a growing divide between firms based in the U.S. and Europe.
bloomberg.com — Commerzbank AG (CBK) must pay 50 million euros ($65 million) to 104 bankers at its now-defunct Dresdner unit after a U.K. appeals court refused to overturn a judge's decision that the German lender must honor its promises on bonuses.
bloomberg.com — Britain's new banking regulator has rattled lenders by holding off disclosing how much capital each firm will have to raise after ordering the industry to plug a 25 billion-pound ($38 billion) shortfall by the end of the year, three people with knowledge of the discussions said.
bloomberg.com — Banco Santander SA (SAN), Spain's biggest bank, said first-quarter profit fell 26 percent, missing analysts' estimates, as lending revenue in its home market, Brazil (SANB11) and the U.K. dropped. The shares fell. Net income declined to 1.21 billion euros ($1.6 billion) from 1.63 billion euros in the year-ago period, the Santander, Spain-based lender said in a filing to regulators today.
bloomberg.com — Lansdowne Partners Ltd., the biggest European hedge-fund firm focused on stock picking, said it abandoned a more than four-year bearish bet against Prudential Plc (PRU) after suffering "meaningful" losses. Lansdowne's $8.6 billion Developed Markets Fund exited the short position in the first quarter after determining that the stock won't fall "any time soon," according to a letter sent to clients this month.
Share This Profile