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FT Financial Services News

7th Feb 2012 - S Korea fund to use overseas M&A scheme

The National Pension Service says the process of paying for half of GS Engineering & Construction?s $300m purchase of Inima is now in the ?final stages?

7th Feb 2012 - EIG to quit Goldman platform for Asia listing

Unattractive regulatory environment in the US prompts asset manager to switch from quasi-public GSTruE exchange to Hong Kong

7th Feb 2012 - Lawson urges Brussels over auditing reforms

Former chancellor says proposed European Commission legislation should require greater sharing of information between regulators and bank auditors

7th Feb 2012 - Glencore and Xstrata face blocking threat

Opponents of the deal, which would create a $90bn giant, said the offer of 2.8 shares for every Xstrata share undervalues miner

7th Feb 2012 - Cotton trading costs Glencore $330m

Extreme volatility in the cotton market blamed for weakness in trader?s agricultural division, with many physical suppliers and customers defaulting

7th Feb 2012 - CreditEase shines in China peer-lending market

Even by the standards of China?s surging economy, CreditEase?s growth into one of the largest independent financial service providers has been remarkable

7th Feb 2012 - Ex-TCI star emerges at rival

Oscar Hattink joins six other ex-TCI stars at Thélème, an exodus that is raising eyebrows among fellow Mayfair-based hedge fund managers

8th Feb 2012 - White House courts support for mortgage pact

Aides to President Barack Obama have in recent weeks courted civil rights groups and borrower advocacy organisations, in an attempt to muffle criticism from key political allies

8th Feb 2012 - Goldman beefs up asset management business

The bank has agreed to buy Dwight Asset Management, which specialises in so-called ?stable value? money management, from Old Mutual

7th Feb 2012 - Numbers count in Glencore-Xstrata deal

The two companies will embark on roadshows to convince shareholders of the value of the merger, with votes expected to be cast in June

7th Feb 2012 - Itaú to buy out Redecard

Brazil?s biggest private sector lender to spend almost $7bn on the half of the credit card processing company it does not own

7th Feb 2012 - A model that could reshape industry

History suggests that a vertically integrated business ? where a commodities trader is combined with a miner under the same roof ? is no mean feat

7th Feb 2012 - UBS fights to hang on to key staff

Swiss bank lines up long-term bonus fund of SFr300m, but says the ?special plan? awards will have strict forfeiture conditions attached

7th Feb 2012 - UBS issues gloomy outlook for 2012

Downbeat forecast for Swiss group which warns of more structural changes as fourth quarter net profits drop sharply

7th Feb 2012 - Spanish banks race to meet latest government rules

Lenders must find billions in provisions for bad property loans, but will use existing capital to lighten some of the burden

7th Feb 2012 - Two bidders remain for RBS Asian units

CIMB of Malaysia and China?s CICC in the running after three potential buyers drop out of the race

7th Feb 2012 - Qatar seeks to lure asset managers

Doha recruits veteran leader of the UK financial services industry as looming regulatory changes in UAE raise alarm in the funds sector

7th Feb 2012 - MF Global dipped into customer funds earlier than thought

Struggling to deal with customer withdrawals and margin calls in the run-up to its bankruptcy filing, the futures broker drew on the money a day earlier than previously believed

6th Feb 2012 - Firms flock to take up ?Tesco Law? status

The solicitors? regulator says that almost 100 law firms and companies have applied to take advantage of a liberalised legal market in England and Wales

6th Feb 2012 - UK bankers and the matter of the public good

The government had better make sure it has in reserve another banker of Stephen Hester?s calibre

© The Financial Times Ltd 2012

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