Latest Intelligence on Life and Pensions in North America

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Type Product title / description Pub Price
CommentWire
CommentWire

UBS: ditching Warburg and PaineWebber

UBS, the world's biggest private bank, wants its identity to rival HSBC and Citigroup. It will ditch its well-known Warburg and PaineWebber brands - taking a $1 billion write-off on the discarded names. While the move should eventually pay off in attracting new business, the short-term upheaval may scare conservative private banking customers away.

Published By Datamonitor
13 Nov 2002
CommentWire
CommentWire

Credit Suisse: boardroom shuffling isn't enough

Lukas Muehlemann's departure from his twin roles at Credit Suisse was no surprise, given the company's plummeting share price and US probes into the allocation of hot stock offerings. But new management alone will not solve the bank's problems. The new joint CEOs - inside players John Mack and Oswald Gruebel - now need a new strategy.

Published By Datamonitor
25 Sep 2002
CommentWire
CommentWire

Citigroup: the tarnished gleam

Citigroup is beset by regulatory difficulties, adding to existing market turbulence. The group is under investigation for handing prized IPO shares to some of its private clients in the hope of gaining investment banking business from them later. Overall, this huge symbol of capitalist excess is looking battered.

Published By Datamonitor
05 Sep 2002
CommentWire
CommentWire

US economy: slow growth and mixed signs

As Datamonitor had predicted, the US economy is experiencing a slow-growth recovery. Consumer spending has remained strong despite worsening employment. With business spending still weak, it's unlikely that consumers can keep buying forever. Even so, the likeliest outcome for Q3 is further moderate growth: in the region of 2-2.5%.

Published By Datamonitor
03 Sep 2002
CommentWire
CommentWire

Credit Suisse: troubled waters

Two CSFB senior executives (and four ex-employees) have been suspended for charging excessive brokerage fees on newly-issued technology shares during the dotcom boom. The news comes at a bad time for parent Credit Suisse, which recently announced a higher than expected Q2 loss and is in the process of restructuring to salvage its ailing share price.

Published By Datamonitor
16 Aug 2002
CommentWire
CommentWire

Broking: tech vendors won't gain from higher earnings

It's earnings season, and some leading US brokers performed far better this Q2 than they managed last year. However, this is unlikely to make life easier for IT vendors who derive business from Wall Street firms. The profits rise is driven almost entirely by cost cutting, and financial firms will stay extremely cost conscious for the rest of the year.

Published By Datamonitor
18 Jul 2002
CommentWire
CommentWire

UBS: cutting the threshold

UBS' plan to reach the mass affluent has aroused hostility within its merger partner PaineWebber, which fears being swamped by its Swiss parent. Ultimately, however, new moves to cater for the mass affluent are part of a process begun by the PaineWebber deal itself.

Published By Datamonitor
02 Jul 2002
Expert View
Expert View

Slow growth is better than no growth

The state of the US economy is a vital influence on almost all businesses' success, wherever they are based. But at the moment, commentators are far from agreed on what's going to happen - making a realistic evaluation of the economy's prospects all the more necessary. Datamonitor's Brendan Ford weighs up the evidence...

Published By Datamonitor
01 Jul 2002
CommentWire
CommentWire

Instinet/Island: trading up

Just as Nasdaq prepares to roll out its SuperMontage trading system, a major rival has appeared. Instinet will now account for 22% of transactions in Nasdaq-listed stock, strengthening its position versus the exchange - but its long-term future is still not assured. Instinet's parent Reuters has got the best deal, diluting its holding without creating confidence problems.

Published By Datamonitor
12 Jun 2002
CommentWire
CommentWire

HSBC: hedging for a possible merger

HSBC will set up a hedge fund business, in a bid to become the total fund management provider. However, there are risks involved: the bank could fall prey to brand contamination. HSBC's ambitions in this area are sure to revive talk of a merger with Merrill Lynch, although Merrill may not be particularly receptive.

Published By Datamonitor
11 Jun 2002

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