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(20 April 2010 – USA) The US government’s Securities and Exchange Commission has filed significant legal actions related to the global financial crisis against Goldman Sachs, saying the investment bank sold mortgage investments without disclosing to buyers that they were created with input from a client who was betting on them to fail.
(16 April 2010 – USA) Credit Suisse has announced that Chris Young will join the Mergers and Acquisitions unit of the investment bank as managing director and head of Takeover Defence.
(14 April 2010 – USA) Barclays will face a trial over questions raised by creditors about an alleged US$11 billion (A$11.89 billion) ‘windfall’ resulting from its acquisition of Lehman Brothers’ assets.
(12 April 2010 – USA) Things are looking positive for the sale of the Royal Bank of Scotland’s Global Merchant Services business, including WorldPay, as offers come flooding in to the predominately government owned bank.
(9 April 2010 – USA) Goldman Sachs has launched its avid defence over the trading of the same mortgage derivatives that the investment bank was reportedly ‘betting against’.
(8 April 2010 – USA) MasterCard has announced that Alfredo Gangotena has been appointed Chief Marketing Officer, MasterCard Worldwide, giving Mr Gangotena responsibility for the card giant’s advertising, sponsorships, promotions, research, insights and digital marketing initiatives.
(7 April 2010 – USA) The Bank of America announced last week that all of the its ATM’s in the country have been equipped with voice-enabled technology giving visually impaired customers access more than 18,000 Bank of America ATMs, the largest network of bank-owned ATMs in the US.
(7 April 2010 – USA) UBS’s new head of US wealth, Bob McCann, has revealed his new strategy for the bank’s US wealth management division, including a new US$1 billion (A$1.08 billion) pre-tax profit target.
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