FT.com financial services feed
Fannie and Freddie losses hit $226bn
About $166bn of the capital burnt through by the US government-backed mortgage finance agencies since mid-2007 came from guaranteeing loans on single-family homes, says a report from their regulator
Categories: Financial services
Fannie and Freddie losses hit $226bn
About $166bn of the capital burnt through by the US government-backed mortgage finance agencies since mid-2007 came from guaranteeing loans on single-family homes, says a report from their regulator
Categories: Financial services
CPP benefits from demand for fraud protection
Continued strong growth in the UK helped the credit card and identity theft insurer report a 20 per cent rise in underlying interim profits to £24m
Categories: Financial services
CPP benefits from demand for fraud protection
Continued strong growth in the UK helped the credit card and identity theft insurer report a 20 per cent rise in underlying interim profits to £24m
Categories: Financial services
SEC vows more actions over crisis
The US Securities and Exchange Commission has vowed to bring more high-profile enforcement actions against Wall Street over the financial crisis after last month's $550m settlement with Goldman Sachs
Categories: Financial services
SEC vows more actions over crisis
The US Securities and Exchange Commission has vowed to bring more high-profile enforcement actions against Wall Street over the financial crisis after last month's $550m settlement with Goldman Sachs
Categories: Financial services
Surprise slowdown in US credit card losses
US credit-card losses are falling faster than expected, with the six largest card issuers expected to earn nearly $10bn more in the coming 12 months than predicted, says a study by Moody's
Categories: Financial services
Surprise slowdown in US credit card losses
US credit-card losses are falling faster than expected, with the six largest card issuers expected to earn nearly $10bn more in the coming 12 months than predicted, says a study by Moody's
Categories: Financial services
F&C halves interim pay-out to cut debt
F&C Asset Management shares fell on Thursday after the asset manager targeted by activist investor Edward Bramson halved its interim dividend to pay down debt
Categories: Financial services
F&C halves interim pay-out to cut debt
F&C Asset Management shares fell on Thursday after the asset manager targeted by activist investor Edward Bramson halved its interim dividend to pay down debt
Categories: Financial services
Commodities rebound boosts Glencore
World's largest commodities trader reports first-half net income has surged 42% on the back of 'the gradual recovery in the global economy and generally higher average commodity prices'
Categories: Financial services
Commodities rebound boosts Glencore
World's largest commodities trader reports first-half net income has surged 42% on the back of 'the gradual recovery in the global economy and generally higher average commodity prices'
Categories: Financial services
Infinium in probe over trading error
The high-frequency broker says it made a mistake while trading CME's benchmark Nymex crude oil contract on February 3, when crude futures surged nearly $1 a barrel in less than a minute
Categories: Financial services
Infinium in probe over trading error
The high-frequency broker says it made a mistake while trading CME's benchmark Nymex crude oil contract on February 3, when crude futures surged nearly $1 a barrel in less than a minute
Categories: Financial services
Deloitte upbeat despite lower partner profits
The Big Four accountancy firm said early totals for the first quarter of its 2011 fiscal year suggest revenue will increase by 7 per cent
Categories: Financial services
Deloitte upbeat despite lower partner profits
The Big Four accountancy firm said early totals for the first quarter of its 2011 fiscal year suggest revenue will increase by 7 per cent
Categories: Financial services
Dubai World plans $19bn asset sale
The move of the state-owned holding company aims to repay $14.4bn of its debt, the terms of which it is looking to restructure
Categories: Financial services
Dubai World plans $19bn asset sale
The move of the state-owned holding company aims to repay $14.4bn of its debt, the terms of which it is looking to restructure
Categories: Financial services
Aim's strengths may obviate need for doom and gloom
Cost-effective flexibility and rapid dealmaking continue to attract companies amid a diminishing small-cap sector
Categories: Financial services
Aim's strengths may obviate need for doom and gloom
Cost-effective flexibility and rapid dealmaking continue to attract companies amid a diminishing small-cap sector
Categories: Financial services
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more