Barclays sells iShares to CVC for $4.2bn
Long-awaited sale of the fast-growing fund management business boosts Barclays’ capital reserves as the bank seeks to strengthen its balance sheet to help it weather further losses
April 9, 2009
ING to divest assets and focus on Europe
AMSTERDAM (Reuters) - Dutch ING plans to sell operations worth up to 8 billion euros (7.2 billion pounds) to reduce risk, focus its bank on Europe, and manage its banking and insurance separately, boosting its shares on Thursday.
Bank keeps interest rates at 0.5%
The Bank of England keeps interest rates on hold after cuts in recent months, and continues to pump cash into the economy.
UK anti-terror chief resigns after leak
Bob Quick, Britain’s most senior counter-terrorism officer has resigned after he inadvertently leaked details of an imminent anti-terror operation shortly before police swooped on 12 suspects
Illuminating The Portfolio With AES
With Dow rising 47 points, after yesterday’s drop, there’s really not a lot to say about the market. We were relieved that the U.S. Securities and Exchange Commission finally got around to discussing reinstatement of the uptick rule. Sure the SEC was busy trying to figure out whose heads should roll …
De Beers braced for turnover to fall
De Beers, the world’s biggest diamond miner, is planning its turnover to halve this year in a sign of how the once-mighty group is struggling to cope with a downturn