Keep up-to-date with what's happening in banking and financial services across the Asia-Pacific. Banking News contains a wrap-up of the week's key news and events, and is delivered direct to your inbox. If you wish to be added to our distribution list, simply click on the subscribe button and complete a short subscription form.
(10 May 2010 – USA) Jimmy Cayne, former chief executive of Bearn Stearns, has addressed a US government hearing into the causes of the financial crisis claiming that Bear Stearns was a "big fat goose walking down the lane, about to get eaten alive". Cayne’s analogy suggests that the company was ultimately torn apart by hungry chasing hedge funds.
(4 May 2010 – USA) Goldman Sachs' CEO has said that his company bears some blame for the real estate bubble that led to the GFC.
(3 May 2010 – USA) A research team at cyber-security specialist firm Netragard managed to successfully takeover an entire IT infrastructure of a client bank by tapping into information found at online sites such as Facebook and Linkedln.
(30 April 2010 – US) Goldman Sachs faced almost an eleven hour hearing yesterday as a succession of Goldman officials, including current and former executives, defended their actions and the products they sold to clients, which the US Senate panel described as ‘crap’, ‘junk’ and ‘lemons’.
(26 April 2010 – USA) Macquarie Group's Energy Markets Division (EMD) has announced that Robert Faitell will join as a senior managing director and head of Americas Sales and Origination in the firm's New York office.
(21 April 2010 – USA) Citigroup has pleased investors by revealing a first quarter 2010 net income of US$4.4 billion (A$4.74 billion) and revenues of US$25.4 billion.
(20 April 2010 – USA) Goldman Sachs chief executive officer is expected to unveil a ‘compensation’ pay-pot of around US$5 billion (A$5.44 billion) later this week, amidst fraud allegations and possible reimbursement repercussions.
(20 April 2010 – USA) Bank of America has announced that Charles Noski has been named executive vice president and chief financial officer of the corporation.
Subscribe
