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Goldman star defects to GLG

One of Goldman Sachs' top traders is leaving to join GLG Partners, London's second biggest hedge fund, amid a wave of defections from the City to Mayfair-based fund managers

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'London loophole' leaves US at odds with FSA

A drumbeat of US criticism of the allegedly lax approach taken by the British watchdog to rooting out abusive practices in London's vast energy and commodity markets has touched a raw nerve

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Asia's army of investors rides in

Global fund managers are increasingly aiming new launches at the Asian region and although growth has slowed in the last quarter they still expect the region to drive new growth (PDF)

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Canto ships Cumulus 7.5.4, promises 7.6 upgrade

Canto has released version 7.5.4 of its Cumulus digital-asset management platform and promised that version 7.6 would be available soon. The 7.5.4 update addresses an issue that affected users of Cumulus Backup Manager and also increases the performance of Cumulus Servers running 64-bit Linux environments, and offers reliability enhancements for cu...

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Canto ships Cumulus 7.5.4, promises 7.6 upgrade

Canto has released version 7.5.4 of its Cumulus digital-asset management platform and promised that version 7.6 would be available soon. The 7.5.4 update addresses an issue that affected users of Cumulus Backup Manager and also increases the performance of Cumulus Servers running 64-bit Linux environments, and offers reliability enhancements for cu...

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Thomson Financial UK at a glance share guide - weekend - Forbes

* Struggling mortgage bank Bradford & Bingley set to issue more profit warnings due to the deteriorating state of its loan book, analysts warn - Sunday Express * Goldman Sachs to be paid a 'success' fee by Bradford & Bingley, the ailing mortgage ... Assetz house Price Watch May 2008 Assetz house Price Watch is the only fully inclusive summary of all the major UK house price indices... Buyers sitting...

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Presidential candidates' housing plans at a glance

Presidential candidates John McCain and Barack Obama envision the Federal Housing Administration backing new, cheaper mortgages for distressed homeowners who otherwise would have difficulty refinancing into more secure government-insured loans with lower monthly payments. For the plans to work, lenders would have to be willing to take a substantial loss by reducing the amount owed on the loan in the...

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Mittal move could raise questions

As Goldman Sachs' rivals are trying to copy the formula of its success, its decision to put an industrialist rather than a banker on its board could be influential

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The world economy teeters on the brink

I learnt this week that Merrill Lynch have downgraded General Motors stock from a "hold" to a "sell" and that they suggest that "bankruptcy" may not be out of the question. Worryingly for the world economy Ford are rumoured to be in a worse position and Chrysler even worse than that. The coming economic collapse is going to be very serious maybe of 1929 proportions.

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Declining markets and your mortgage

Fannie Mae and Freddie Mac have recently established new lending guidelines for homes in declining markets. It is important to know whether or not your home is in a declining market because it will affect the maximum percentage you will be able to finance.

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Chuck Jaffe: With most funds, managers have none of their own funds at stake

In times like these, investors would like to take some comfort that they are investing like the pros. Indeed, it’s comforting to know that the people running your mutual fund have their money -- and their family’s cash -- mixed into the same pool as yours.

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Merrill is in discussions to sell Bloomberg stake

Merrill Lynch is in talks about its 20 percent stake in the financial data and media company as it seeks funds to repair its battered balance sheet, people involved in the discussions said.

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GLG Hires Star Goldman Trader

Hedge fund GLG Partners has hired Driss Ben-Brahim, a star Goldman Sachs trader, after investors withdrew money on the heels of the slated departure of a number of senior traders and executives.

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Aflac Honors Sunshine State Standouts at Tropicana Field

Aflac Incorporated corporate offices are located in Columbus, Georgia. (PRNewsFoto/AFLAC INCORPORATED)

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Russian billionaire calls for Norilsk-Rusal mining merger: report

LONDON (MarketWatch) -- Russian billionaire Mikhail Prokhorov has called for the creation of a $100 billion Russian mining champion ahead of an intense boardroom battle with former friend and business partner Vladimir Potanin Monday, reports The Independent on Sunday.