Barclays' nous lifts hopes of US dream
The bank's retail banking division is drawing up a strategic plan which will focus on how the group could break into the US market via a big acquisition
2010. March 11. 0:04
Citi chief is on a mission of transformation [FT.com] Marc. 11. Shifting focus and reviving belief are key to the bank's plans for change Pandit sees revival of Citi's fortunes [FT.com] Marc. 11. Vikram Pandit, Citigroup's chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mar... Mexican shakes up world rich list [BBC NEWS] Marc. 11. Mexican Carlos Slim overtakes Bill Gates as the world's richest man, according to the Forbes "rich list", with a fortune of $53.5bn. FSA still has to 'crack the big one' [FT.com] Marc. 10. Insider share dealing conspiracy has revealed the Financial Services Authority's successes and failings in dealing with City scams F&C eager for further purchases [FT.com] Marc. 10. F&C Asset Management underlines its desire to expand via acquisition by confirming that it would seek more deals on top of its proposal to buy C-Quadrat for 54m Malcolm Calvert insider dealing trial shines a light on inner workings of the City [Telegraph.co.uk] Marc. 10. The four-week insider trading trial of Malcolm Calvert, a 65-year-old former Cazenove partner, shone an often unflattering light on the inner workings of the City of London. Charles Allen joins EMI Music after surprise departure [Telegraph.co.uk] Marc. 10. EMI Music chief executive Elio Leoni-Sceti has stepped down just 18 months after joining the record label, to be replaced by former ITV boss Charles Allen. FTSE all of a flutter on takeover talk [Telegraph.co.uk] Marc. 10. THE FTSE 100 spent much of the morning being upstaged by the mid-caps, who were riding high following a flurry of bid speculation, but the benchmark index fought back to close at a 21-month high... Terra Firma investors would rather not feel the pain of acquiring EMI [Telegraph.co.uk] Marc. 10. 'Yes, I'd rather hurt than feel nothing at all," sing Lady Antebellum, the EMI artists, in their title track on America's current number one album. Cazenove insider trader found guilty [Telegraph.co.uk] Marc. 10. A former Cazenove partner has been found guilty in the largest case of insider trading brought by the Financial Services Authority. Ex-Cazenove partner Malcolm Calvert found guilty of insider trader [Telegraph.co.uk] Marc. 10. Malcolm Calvert has been found guilty in the largest case of insider trading brought by the Financial Services Authority. City warns of legislation rush as date set for 'Phoney Budget' [Telegraph.co.uk] Marc. 10. Experts warned that legislation could be rushed through without proper scrutiny as the Prime Minister announced that Budget day will be later than expected.
