03/27/2012

Hedge-Fund Chief Plans Sparkling Wine in U.K. Vineyard

“Why sit in front of a computer screen for the rest of your life watching prices go up and down when watching grapes grow is so much less stressful?” Driver said yesterday in an interview at Rathfinny, where the sound is of seagulls and you ne

03/26/2012

Biggs to oversee flotation of RBS insurance arm

FORMER Aviva finance director Mike Biggs will oversee the flotation of Royal Bank of Scotland's insurance arm after being confirmed as chairman of the business, recently renamed Direct Line.

03/26/2012

Nicola Horlick to launch £2m film fund

Ms Horlick said: "Because we are able to work with top producers in Hollywood, the risk of failure looks as though it will be lower than we originally anticipated, which is reassuring for our investors."

03/26/2012

Bernheim, Dreyfus & Co Signs Deal With BofAML‎

Paris-based merger arbitrage specialist Bernheim, Dreyfus & Co. has appointed Bank of America Merrill Lynch as an additional prime broker for the Diva Synergy Fund and the Diva Synergy UCITS Fund.

03/26/2012

NBNK plots fresh Lloyds Banking Group branch bid

The sweetened £1.5bn offer, due to be tabled tomorrow, will propose Lloyds demerge the 632 "Project Verde" branches, float the business and allow NBNK to fully underwrite the demerger in cash. Lloyds has always said if the deal with Co-op

03/26/2012

BAML wins prime broker mandate for Paris hedge fund

Bernheim, Dreyfus, which manages $200 million in assets and which tries to make money by betting on M&A (mergers and acquisitions) deals, said on Friday it would split its activities between BAML and existing broker Newedge.

03/26/2012

New UK bank plots fresh Lloyds Banking Group branch bid

That would mean shareholders in Lloyds – including the taxpayer, which owns 40pc of Lloyds through UK Financial Investments – will be allowed to choose between taking a new share in the Verde spin-off or accepting cash from NBNK.

03/21/2012

Deutsche top Europe commodity bank, beats Barclays

Both banks have been battling in recent years to challenge the supremacy in lucrative commodities by U.S. investment banks Goldman Sachs, JP Morgan and Morgan Stanley , which hold the top three global positions.