Financial Institutions
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Glaxo hires Goldman Sachs banker as new CFO
2:19pm BST LONDON (Reuters) - GlaxoSmithKline said on Wednesday it had hired Goldman Sachs investment banker Simon Dingemans to succeed Chief Financial Officer Julian Heslop, 59, who will retire next March. Dingemans has more than 25 years experience in more...
Aegon to cut 106 jobs and close regional...
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Aegon halves number of sales centres;...
Aegon is halving the number of its UK sales centres as part of a restructure designed to cut operating costs by 25% by the end of next year. The Dutch-owned insurance company will reduce the number of regional sales offices from 12 to six in a move it more...
Axa appoints Prudential man to offshore...
AXA Wealth International has appointed Prudential’s Richard Leeson as sales and marketing director. Leeson, who joins from Prudential International where he was head of UK investment development and head of offshore sales development, will lead the more...
Zurich Financial Services expands branding campaign
ZURICH, SWITZERLAND: Zurich Financial Services is expanding its consumer-facing integrated campaign, HelpPoint, with increased digital outreach and the launch of the latest version, Insights."Customers want to know that their insurer has a deep more...
Aegon to close half its sales offices and cut 106 jobs
Aegon is to close six of its 12� IFA-facing sales branches and is to cut 106 jobs as part of restructuring. The life company will cut 142 roles across the UK but create a further 36 jobs. The branches closing are based in Edinburgh, Leeds, East more...
Nationwide Offers UK's Lowest Personal Loan Rate
Nationwide Offers UK’s Lowest Personal Loan Rate The Nationwide Building Society has cut its personal loan rate to 7.6% APR typical, making it the cheapest personal loan in the UK. As from yesterday, existing Nationwide customers holding a FlexAccount more...
Aegon to close half its sales offices in restructure
Aegon is to close six of its 12� branches as part of� a restructure of its sales division. Staff� working at� the branches were called into a meeting this morning. It is not known if they will be made redundant or get the opportunity to reapply more...
Kuwait Stock Exchange Head Appointed Markets Regulator Chair, KUNA Reports
Parliament in February approved a capital markets bill to establish the emirates first independent market authority. The law will bring transparency to the Kuwait Stock Exchange, lawmakers had said then. ... more...
European Stocks Climb After Government Bond Sales; BP Rallies
European stocks rose as improved demand for government bonds from Portugal to Poland helped ease concern about sovereign debt, while shares of BP Plc rallied. U.S. index futures also advanced. BP gained 1.4 percent after its credit rating was raised more...
Gueunier to head Axa Structured Finance
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European Stocks, U.S. Index Futures Rebound; Bank Shares Fall
European shares rebounded, reversing earlier losses, as gains by BP Plc and Sanofi-Aventis offset concern about the strength of the regions banks. U.S. futures advanced. The benchmark Stoxx Europe 600 Index gained 0.5 percent to 261.04 at 12:01 p.m. in more...
Greece economy contracts by 1.8%
Greece has faced months of strikes and protests about the state of its economy The debt-laden Greek economy shrank 1.8% in the second quarter as households slashed spending. The contraction was worse than expected and compares with the 0.8% shrinkage in more...
Vodafone Unloads China Mobile Stake, But Other Holding Divestitures Could Be More Difficult (VOD,CHL,VZ)
9/8/2010-Vodafone's (NYSE:VOD) decision to unload its stake in China Mobile (NYSE:CHL) could be the first sale of many as the company tries to slim down. Yesterday, news broke that Vodafone was planning on selling its entire 3.2% stake in CHL for more...
FTSE extends losses, hit by Barclays, weak German exports
FTSE 100 FTSE 250 The 0.2pc fall in London's blue chip index followed declines in other major bourses in Europe, Asia and on Wall Street, weighed down the fresh fears over the global economy. Barclays slid 2.8pc, after falling 2.7pc on Tuesday, as more...
AEGON UK makes senior appointments within its risk team
- Leading life and pensions company, AEGON UK, today announced two key appointments within the company’s risk function, appointing Stephen McGee to the role of Insurance Risk Director/Actuarial Function Holder and Pauline Colvin to the role of more...
Nigeria Stock Exchange approves merger of Dangote Cement and Benue Cement
The Nigerian Stock Exchange approved the listing of 'an enlarged company' arising from the merger of Dangote Cement Plc and Benue Cement Co., the bourse said in an e-mailed statement today. The exchange approved a total of 15.5 million shares for the new more...
Cerus and the Swiss Red Cross Declare Successful Results of Intercept Blood System Platelet Study
Cerus Corp. has announced the successful outcome of a multi-year trial of Intercept-treated platelet components conducted at the Swiss Red Cross Blood Center in Basel, Switzerland. The Intercept Blood System is a pathogen inactivation treatment designed more...
Meet a fan of emerging markets
Emerging-markets pioneer Mark Mobius just passed his 74th birthday, but the fund manager's legendary travel itinerary remains as busy as ever. He took time out from a stop in Tokyo squeezed in between visits to Vietnam and Romania to make a call about more...
Iran stock exchange surges
TEHRAN, Iran - The head of Iran's stock exchange says the bourse's surge over the past couple of months is based on real growth, not speculation.Ali Salehabadi's comments on Iran's state television on Wednesday come as the exchange's benchmark index more...
European Stocks Gain; Stoxx 600 Index Rises 0.4 Percent
European stocks erased losses, sending the benchmark Stoxx Europe 600 Index 0.4 percent higher to 260.88 at 11:30 a.m. in London. The gauge earlier fell as much as 0.4 percent. more...
Barclays Shared Services appoints new CFO
Barclays Shared Services, a subsidiary of Barclays Bank Plc, today said it has appointed Subhajit Chowdhary as Chief Financial Officer of the company. Chowdhary will be responsible for the overall management of the company's finance department as well as more...
Bahrain Kuwait Insurance Company B.S.C. (BKIC) - Financial And Strategic Analysis Review - New Company Profile Published
Bahrain Kuwait Insurance Company B.S.C. (BKIC) is a Bahrain based insurance company, principally engaged in providing insurance products and services in Bahrain and Kuwait. The insurance products offered by the company include fire, general accident, more...
Allianz to sell EUR 1bn of German property by end-2011
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A.M. Best: A.M. Best Assigns Debt Rating to EUR 500 Million Subordinated Bond Issue of Hannover Finance (Luxembourg) S.A.
12:21 CEST A.M. Best Europe – Rating Services Limited has assigned a debt rating of “a” to the EUR 500 million subordinated fixed to floating rate bonds recently issued byHannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover more...
Most European Stocks Fall, Led by Banks; Ericsson... 6:04 AM
Most European stocks declined as banks retreated amid renewed concern the regions sovereign-debt crisis may force lenders to raise more capital. U.S. index futures and Asian shares fell. Bank of Ireland Plc and Barclays Plc led a gauge of financial more...
Most European Stocks Decline as Banks Retreat; U.S. 3:24 AM
Most European stocks fell as the regions banks retreated for a second day. U.S. futures gained, while Asian shares tumbled. The benchmark Stoxx Europe 600 Index was little changed at 259.88 at 8:06 a.m. in London, even as more than three shares declined more...
ACCC close to NAB AXA decision
The competition watchdog says it will make its final decision on Thursday over whether National Australia Bank Ltd (NAB) and AXA Asia Pacific Holdings (AXA) have done enough to satisfy it to allow their $13.3 billion merger to go ahead. The Australian more...
Synopsys CFO Brian Beattie to Speak at Deutsche Bank Technology Conference
MOUNTAIN VIEW, Calif., Sept. 7 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today announced that CFO, Brian Beattie, will speak at the 2010 Deutsche Bank more...