Positions will go across all layers of the business and geographies, said Morgan Stanley. The bank, which employs just over 60,000 people including several thousand in the City of London, has seen its shares tumble by almost half this year as investors wo
At least one—the Central Bank of Ireland—is evaluating whether it needs to secure additional access to printing presses in case it has to churn out new bank notes to support a reborn national currency, according to people familiar with the mat
After getting stung by the U.S. financial crisis that accompanied the recent recession, companies are bracing for a possible worsening of Europe's debt crisis that could make it harder to borrow money.
Partner Barry Norris has introduced around 3 per cent exposure to Banca Intesa, BNP Paribas and UBS, which marks the fund’s first eurozone bank exposure in four years.
Instead of reducing loans on their balance sheets, which could starve the wider economy of credit, they should build up their capital reserves, possibly by tapping shareholders, the FPC added.
The bank's former directors include Sir Tom McKillop, who was RBS's chairman, and Sir Fred Goodwin, who orchestrated its expansion as chief executive.
While Deutsche Bank prefers to sell the division as a whole, the Frankfurt-based lender would also consider bids for parts of the unit, they said.
Los Angeles-based TCW, which had $114 billion in assets under management as of Sept. 30, may be valued at about $1 billion, one person said.