J.P. Morgan Chase & Co
JPMorgan Chase said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank’s wealth management business, joined JP Morgan through the Bear Sterns merger in 2008. Sommers was responsible for the company’s Chase Private Client business, which has offices in nearly 1,400 Chase bank branches
Russia’s VTB Bank (VTBR.RS) said Thursday that it is in talks about exiting French Societe Generale SA’s (GLE.FR) Russian unit, whose chief was arrested last week for allegedly taking a bribe. “We are in talks about exiting Rosbank. This is not a strategic investment for VTB
French bank Societe Generale SA (GLE.FR) said Wednesday that it has initiated the dismissal process of Vladimir Golubkov, chief executive officer of its Russian unit Rosbank, a week after he became the target of a probe into alleged bribery in the country. Societe Generale said that Rosbank is now operating under the management of acting CEO Igor Antonov with the supervision of Didier Hauguel, chairman of the Board of Directors of Rosbank and country head for Russia. Societe Generale added that it has appointed audit firm Deloitte to perform investigations into the matter
Credit Suisse investment banker Sebastian Grigg has been appointed vice chairman of the bank’s EMEA investment banking department after having spent six years at the helm of the company’s UK investment banking team. Grigg’s appointment takes effect immediately and his new role will focus on “existing clients and the further development of our client franchise,” according to an internal Credit Suisse memo announcing the appointment and seen by Reuters. Grigg, who began his career at Lazard, was hired by Credit Suisse in 2007 after having spent a decade at Goldman Sachs where he advised companies such as BSkyB , EMI Group and WPP Group .
Technology and outsourcing company, Accenture Plc. (ACN) has recently won a seven-year business process outsourcing agreement from a Swedish Steel manufacturer, SSAB. Accenture would provide finance & accounting, customer care and procurement services to SSAB.
LIG Assets, Inc. (LIGA: OTC Pink Current) | LIG Assets, Inc. Acquires Property in Tyler, Texas to Construct New Hotel
DALLAS , April 17, 2013 /PRNewswire/— LIG Assets, Inc.
A growing number of U.S. listed public companies are changing the way they issue shares to reduce their underwriting costs and protect themselves from big market shocks. The switch often makes sense for companies, but for Wall Street banks, it stings, further pressuring stock underwriting revenue that has not recovered five years after the financial crisis
NEW YORK – Apple Inc on Wednesday was hit by another shareholder lawsuit, a case that is similar to the court challenge that star hedge fund manager David Einhorn brought as part of his push to unlock the company’s cash hoard.