Archive for results

Temasek chief reveals £17bn toll of financial crisis

Temasek the Singaporean sovereign wealth fund that made an estimated £800m loss on its shortlived investment in Barclays has revealed that the value of its portfolio slumped by at least £16.9bn during the worst of the financial crisis.

Rathbones suffers drop in fee income

Despite attracting more funds from clients investment management group Rathbone Brothers has suffered a sharp drop in firsthalf profitability because of a slide in fee and commission income.

US markets rise to eightmonth highs on corporate results

Dow Jones rises above the 9000point mark for the first time since January.

Lossmaking Morgan Stanley sets aside 3.88bn for staff compensation

Morgan Stanley set aside 72pc of revenues for staff compensation despite delivering a 1.26bn £765m loss in the second quarter.

Nicola Horlick given 20pc pay rise at troubled Bramdean

Nicola Horlick’s asset management company received a 20pc pay increase last year from Bramdean the troubled alternatives fund despite losing millions of investors’ cash with US fraudster Bernard Madoff.

Strong Citi and BoA results continue bank resurgence

Both Citi and BoA reported betterthanexpected results in the second quarter following the examples of JP Morgan Chase and Goldman Sachs.