Reinsurance brokerage giant to move HQ to London

The move won’t trigger any job losses in Chicago, which will remain the firm’s Americas headquarters, the broker said today in a statement. The firm plans to add 1,000 jobs across the U.S. this year, it added.


Tough decisions for banks as cash cows run dry

Deutsche Bank first got stuck into global asset management in 1990 through the purchase of its London-based rival Morgan Grenfell. It did not take long for it to discover that a party was in full swing.


OpenGate sells stake in fashion label

Under the terms of the agreement, Kelso Place will use its strong track record in the luxury brand space with brands such as Smythson and Anya Hindmarch, to provide financial, strategic and hands-on, operational support to ensure the further growth of the


Lloyds chief gives up £2.4m bonus

Lloyds Banking Group chief executive Antonio Horta-Osorio has declined to take an annual bonus for the last year, saying his recent absence and “the tough financial circumstances” facing many Britons made it inappropriate.


Raymond James expands wealth ops with purchase deal

The combined businesses of Raymond James and Morgan Keegan will create one of the country’s largest full-service wealth management and investment banking firms not headquartered on Wall Street.