Thiam shies from SocGen board offer

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Tidjane Thiam, chief executive of Prudential of the UK, knocked back an offer to join Société Générale’s board after investors were astonished that he could consider such…



McLaren enters sports car market, in talks with ME investors

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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McLaren launched a fully fledged road-car company on Thursday in a bid to take on Ferrari, Lamborghini and Porsche in the business of building high-performance, top-end sports cars,…



JPMorgan loses dispute over advisory fees

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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JPMorgan Chase suffered a blow on Thursday from an Australian court ruling that could affect the amount investment banks charge clients involved in takeover bids, the FT said….



Thiam retreats on SocGen board seat offer

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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Tidjane Thiam, chief executive of Prudential of the UK, knocked back an offer to join Société Générale’s board after investors were astonished that he could consider such…



Would you trust this man with $35.5bn?

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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We certainly have some reservations about Tidjane Thiam, based on the following report from Reuters:

PRUDENTIAL PLC <PRU.L> – CHIEF EXECUTIVE TIDJANE THIAM WILL NOT…



Deutsche Bahn moves on Arriva

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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Deutsche Bahn, the German state rail operator, has approached Arriva about a potential takeover bid that would value the UK bus and rail group at about £1.2bn ($1.8bn) and create…



Fed bank supervision: the case for the defence

Filed Under (Finance News - Crawled Results) by User RSS submission on 17-03-2010

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Ben Bernanke’s prepared testimony for his appearance before the House Financial Services Committee on Wednesday makes a case for the continued independence of the Federal Reserve….



Executive moonlighting – Prudential edition

Filed Under (Finance News - Crawled Results) by User RSS submission on 17-03-2010

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If you thought Tidjane Thiam had enough on his plate trying to persuade shareholders to back the $35.5bn acquisition of AIG’s Asian business — well, think again.

The…



Dividend overboard at Man Group?

Filed Under (Finance News - Crawled Results) by User RSS submission on 17-03-2010

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Strange but true. One of the highest-yielders in the FTSE 100 is Man Group. Shares in the struggling hedge fund manager offer a prospective dividend yield of almost 12 per cent (in dollar terms)….



BA agrees union pension deal

Filed Under (Finance News - Crawled Results) by User RSS submission on 17-03-2010

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British Airways has struck a deal with employees over its pension scheme to tackle a £3.7bn ($5.6bn) deficit that poses the biggest obstacle to its proposed merger with Iberia of Spain….