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Financial Services News

Deaf?ear?turned?to?most?whistleblowers
More than three-quarters in financial services are turned away when they first raise concerns to their employers, research shows

Lease accounting: lighter leverage
Standard-setters had a fresh stab at rules to tackle the problem, and investors should be grateful that US and non-US regulators are on the same page

Pension funds switch out of equities
Move follows worries the market will turn and send deficits spiralling, putting question marks over the ability of some schemes to pay retirees

Hedge fund hires leading IMF official
Lorenzo Giorgianni, the deputy head of the IMF?s policy department, will join Mr Jones?s Tudor Investment Corporation in October, according to sources

US fund Monarch to open office in London
US hedge fund has about a fifth of its $5.5bn under management invested in Europe and expects the figure to grow as more opportunities arise

Warburg makes $1.8bn on Targa cash-out
The results stand in contrast to the losses suffered by other US private equity groups in blockbuster energy deals ? such as the $45bn takeover of TXU

New era as Swiss bank secrecy declines
After a long battle to safeguard its 80-year tradition of banking secrecy, Switzerland faces a new era as it begins negotiations on a new EU tax accord

Asian groups stump up for European assets
Asian companies are paying more than double the price of European assets, relative to earnings as they did three years ago, a study shows

Low rates fail to spur M&A boom
The lack of dealmaking in a historically low interest rate environment is a break from the past, when cheap capital fuelled waves of M&A

Shrewd corporate cash comes up roses
How popular events such as the Chelsea Flower Show, Wimbledon and Royal Ascot can link a group?s brand with the message it is selling

New money put City?s reputation at risk
The UK?s lax and disjointed listing regime has helped to open the door to questionable overseas entrants, changing the make-up of the indices

Europeans consent to costs rip-off
Small investors in the US have grown ever smarter and more informed over the last decade, while their counterparts on the other side of the Atlantic have not

Ambrosiadou wins battle over Ikos codes
UK?s High Court rules against a case brought by Martin Coward, Elena Ambrosiadou?s husband, in which he had claimed ownership of the algorithms

Fed?hints?at?financial Heimlich manoeuvre
John Dizard considers whether the authorities will act vigorously to get some air back into the economy?s lungs if the markets start to choke

Merryn Somerset Webb: Fund managers are a busted flush
The structure of the industry condemns many of them to underperform ? which is good news for the rest of us

CPP chief to go as part of job cuts
Finance director will also step down

Letter from Lex: a rally good time
As markets in the US and Japan rally, the oil, tech and banking sectors are busy

Accounting boards draft new leasing rules
Companies will be forced to book trillions of dollars of liabilities in a move to give investors a clearer picture of groups? assets and debts

3i raises cost-cutting targets
British private equity investor promises to press ahead with asset disposals this year after the value of its assets rose 11.5 per cent last year

US closes in on auditing deal with China
It is not clear how quickly a deal will be reached, and it is possible China could limit what it allows in the hands of foreign regulators

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