Latest News on private equity markets

Credit Suisse proposes crisis manager Meddings for board seat

Credit Suisse proposes crisis manager Meddings for board seat

Credit Suisse proposed on Monday Richard Meddings, a British banker with long experience of crisis management, for election to its board in its first non-executive nomination since the Swiss bank was rocked by a spying scandal.



6 years ago
What Britain wants: Johnson outlines post-Brexit trade deal

What Britain wants: Johnson outlines post-Brexit trade deal

Britain set out the type of deal it wants with the European Union on Monday, defining post-Brexit relations between the world's fifth largest economy and its biggest trading partner.



6 years ago
Australia's Westpac hit with second U.S. class-action

Australia's Westpac hit with second U.S. class-action

Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia's No. 2 lender, Westpac Banking Corp , accusing it of failing to monitor financial crime, the law firm said on Monday.



6 years ago
Brexit trade deal clash: UK and EU begin sparring over rules

Brexit trade deal clash: UK and EU begin sparring over rules

The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc's rules and Brussels warning of tariffs and quotas unless he did.



6 years ago
Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.



6 years ago
Lawmakers killed this tax strategy for the wealthy. Here's a workaround

Lawmakers killed this tax strategy for the wealthy. Here's a workaround

New stretch IRA rules diluted a popular tax break for the wealthy, but retirement savers could use a particular type of trust as a workaround.

6 years ago
Morgan Stanley donates $20 million to children's mental health programs

Morgan Stanley donates $20 million to children's mental health programs

Morgan Stanley said on Monday it will give $20 million to seven nonprofit groups working to prevent youth suicide and fight depression and other children's mental health problems.



6 years ago
Citi appoints Peter Crawley as treasury and trade head for Britain and Europe

Citi appoints Peter Crawley as treasury and trade head for Britain and Europe

Peter Crawley has been appointed as Citigroup Inc's Treasury and Trade Solutions (TTS) Head for Britain and Europe, based in London and will move into his new role with effect from April 6, according to a memo seen by Reuters.



6 years ago
Convicted former WorldCom CEO Ebbers dead at 78

Convicted former WorldCom CEO Ebbers dead at 78

Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement.



6 years ago
Global stocks hover near seven-week lows as virus fears hit China markets after holiday

Global stocks hover near seven-week lows as virus fears hit China markets after holiday

A gauge of global stocks hovered near seven-week lows on Monday as Asian stocks plunged on their first trading day after a long break, amid fears the coronavirus epidemic would hit Chinese demand.



6 years ago
Julius Baer sets sights on lowered costs after 2019 profit drop

Julius Baer sets sights on lowered costs after 2019 profit drop

Julius Baer set out new targets to improve its cost-income ratio by 2022, the bank said on Monday as it posted a 5% drop in adjusted net profit for 2019.



6 years ago
Oracle adds cloud data centers in five countries, sets new 2020 target

Oracle adds cloud data centers in five countries, sets new 2020 target

Oracle Corp said on Monday it had added new cloud computing data centers in five countries and aims to have them in 36 locations by the end of 2020, as it races with Amazon.com and Microsoft Corp for market share.



6 years ago
UK's access to single market will hinge on alignment with EU: Barnier

UK's access to single market will hinge on alignment with EU: Barnier

Britain's access to the European Union's single market will depend on its alignment with the bloc's rules and regulations, EU Brexit negotiator Michel Barnier said on Friday.



6 years ago
EU seeks ambitious deal with Britain, demands fairness

EU seeks ambitious deal with Britain, demands fairness

The European Union wants an ambitious future partnership with Britain, including zero tariffs and quotas, but will demand commitments to ensure open and fair competition, according to the EU's draft mandate for negotiations released on Monday.



6 years ago
U.S. class actions pile up against Australia's Westpac amid money-laundering scandal

U.S. class actions pile up against Australia's Westpac amid money-laundering scandal

Australia's No.2 lender Westpac Banking Corp was hit with a second U.S. class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money laundering scandal.



6 years ago