Saturday, 27 December 2014
Last updated 2 days ago
Mar 11 2014 | 8:42am ET
HSBC hopes to unload as much as €2 billion in private-equity investments as it moves to comply with new U.S. and European banking rules.
The bank has hired Campbell Lutyens to sell the p.e. holdings on the secondary market, Financial News reports. The stakes for sale account for all of HSBC's remaining private-equity investments.
HSBC is among the last major European banks to divest itself of its p.e. investments, a step required both by the U.S. Volcker rule and the new Basel III regulations in the European Union. The bank has until July of next year to come into compliance with the former.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.