Hints and tips:
US investor’s Pershing fund delivers 33% as Soros remains top of most profitable managers table
...Mr Bechet was previously head of investment funds services at Banque Degroof Luxembourg....
...● Banque Degroof Luxembourg has hired Cecilia Chin as general manager for its new office in Hong Kong. Ms Chin used to head sales and investor relations at SAIL Advisors....
...Dexia Banque Internationale à Luxembourg is the second subsidiary to be sold following the intervention of the Belgian and French authorities to save Dexia after it ran out of cash in early October....
...Dexia’s management was further instructed by its board to start negotiations to pair its French municipal loans business with the Banque Postale, a bank tied to the postal system in France, and the Caisse...
...The full list of 29 banks is below: Bank of America Bank of China Bank of New York Mellon Banque Populaire Barclays BNP Paribas Citigroup Commerzbank Credit Suisse Deutsche Bank Dexia Goldman...
...However, as the below Bloomberg story suggests, there is still an element of investor pain here: “We expect relatively low acceptance of KBC’s offer,” Ivan Lathouders, an analyst at Banque Degroof SA in...
...Marc Leemans, analyst at Bank Degroof, termed the figures “a mixed bag”. “The numbers came in below consensus....
...“Fortis for us is more of a financial holding structure than an integrated insurance company,” says Ivan Lathouders, of Bank Degroof....
...“Their risk management wasn’t good, but it was no worse than [that of] others,” says Ivan Lathouders, analyst at Bank Degroof....
...French newspaper Les Echos reported BNP Paribas was hoping to purchase a quarter of the Fortis insurance unit in Belgium, while the Belgian state will take up about 30 per cent of Fortis Banque....
...“It’s very likely that KBC will follow suit,” said Ivan Lathouders, of Bank Degroof. “To join the pack, KBC would have to increase core Tier 1 capital by approximately €2bn.”...
...Natixis, created through the merger last year of some of the businesses of French mutual banks Caisse d’Epargne and Banque Populaire, said it had reduced its exposure to the US subprime market by $400m to...
...Natixis, the French investment bank set up by Banque Populaire and Groupe Caisse d’Epargne, rose strongly as the stock began trading following the Paris market’s biggest share placing so far this year....
...Natexis Banques Populaire fell 6.1 per cent on the week to €209 ahead of an upcoming secondary share offering....
...Siddy Jobe of Bank Degroof said the restructuring would highlight the strong growth prospects of healthcare and graphics and reiterated his “buy” recommendation....
...France’s Natexis Banques Populaires gained 4.2 per cent to €183.50 on rumours of a merger with Ixis, the investment banking unit of Caisse Nationale des Caisses d’Epargne....
...If the merger proceeds, Caisse Nationale d’Epargne (CNCE) and the Banque Federale des Banques Populaires, the majority shareholder in Natexis, will each hold 34 per cent in the new entity Natixis, with at...
...Natexis Banques Populaires climbed 9.2 per cent to €174.70, after a 27 per cent increase in full-year net profits....
...The CDC is now about to be handed a €7bn cheque for disposing of its 35 per cent stake in the Caisse d’Epargne to allow the French savings bank to combine with the Banque Populaire mutual group....
...Natexis Banques Populaire leapt 9.2 per cent to €206 as the way was cleared for its merger with rival investment bank Ixis....
...France’s Natexis Banques Populaires jumped 6.2 per cent to €222.40 after Deutsche Bank re-iterated its “buy” recommendation on the stock....
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