(Reuters) – Barclays appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday. Essaid is a veteran of about three decades in the investment banking industry, has principally worked across the media and telecoms sectors, according the memo. Essaid, who was previously with the …
Barclays names Ihsan Essaid co-head of global M&A – memo Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Curtiss-Wright Corp on Wednesday settled a week-old proxy fight with Saddle Point Management LP after the investment firm argued that the defense company lacked strategic focus and that some non-core industrial businesses should be divested. The New York-based investment firm, which owns approximately 0.3% of the Davidson, North Carolina-headquartered …
Curtiss-Wright settles proxy fight with investment firm Saddle Point Read More »
By Carolyn Cohn, Iain Withers and Sinéad Carew LONDON/NEW YORK (Reuters) -Global financial stocks tumbled on Monday on mounting investor fears about the potential for economic damage and pressure on consumer spending as the price of oil soars following Russia’s invasion of Ukraine. Lenders, investors and payment companies with links to Russia have been cutting …
Global financial stocks decline as more firms cut Russia ties Read More »
(Fixes spelling of analyst last name in 9th paragraph to Wessel) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Real yields in the U.S. Treasury market have gone even more negative as inflation surged, which is typically viewed as a positive factor for stocks, but Russia’s invasion of Ukraine has placed more emphasis on shedding risk than …
With war risk, unclear how much U.S. real-yield collapse will benefit stocks Read More »
By Carolyn Cohn LONDON (Reuters) – European asset managers Carmignac and Fidelity International will no longer buy Russian securities, they said on Monday, joining a string of fund managers who have made similar announcements since Russia invaded Ukraine. U.S. value investor Brandes Investment Partners also said it had put a moratorium on deploying new capital …
Asset managers Carmignac and Fidelity Intl steer clear of Russian securities Read More »
(Reuters) – Citigroup Inc said on Monday its unit Citi Commercial Bank (CCB) will hire 900 staffers, including 400 commercial bankers, over the next three years in a bid to fast-track its growth. The U.S. lender said that along with launching in new markets and expanding its digital capabilities, the Commercial Bank is looking to …
Citi plans 900 hires for commercial bank over next three years Read More »
By Tom Bergin (Reuters) – Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely to push Moscow to seek alternatives. Russia could in theory try to replace SWIFT’s communications system that keeps international …
Explainer-Russia could work around SWIFT ban but with high costs Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as manufacturing is brought back to the United States and Mexico from abroad. Ackman’s …
Ackman’s Pershing Square takes new stake in Canadian Pacific Read More »
SAO PAULO (Reuters) -The Brazilian unit of Citigroup Inc has hired former Itau Unibanco executive Fernando Iunes as banking, capital markets and advisory (BCMA) vice-chairman, the bank said in a statement. Iunes has been executive at Itau’s investment banking unit and partner at asset manager EB Capital. He has also been on the board of …
Citigroup Brazil hires former Itau executive Iunes Read More »
By Ross Kerber (Reuters) – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion of Ukraine, but urged executives to take care to avoid causing unintended harm to employees, political dissidents or consumers. In a statement to be …
Investors warn of unintended consequences as companies cut Russian ties Read More »
