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Investment Management News

JPMorgan, Citigroup Helped Cause Lehman’s Collapse (Update5)Thursday, March 11, 2010 @ 6:02PMMarch 11 (Bloomberg) -- JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holding Inc. by demanding more collateral and changing guarantee agreements, a bankruptcy examiner said today in a report.

Facing the chopThursday, March 11, 2010 @ 6:02PMImagine how you would feel about taking a 29 per cent pay cut. Then spare a thought for Scotland’s housing providers. Last month they learned that the national housing and regeneration budget for 2010/11 was being cut by almost £200 million on the previous year, down to £448 million.

All change, pleaseThursday, March 11, 2010 @ 6:02PMScottish housing minister Alex Neil is in fine, rambunctious form. When we meet, the Scottish Government has just come under fire from senior housing figures for its 2010/11 budget, which will see the minister’s housing and regeneration spend slashed by nearly £200 million.

On best behaviourThursday, March 11, 2010 @ 6:01PMThe Conservatives have been gaining some traction with their mantra of ‘broken Britain’ and, with a general election looming, Labour is keen to fight back. The renewed focus on tackling ASB is obviously welcome, but are Labour’s proposals the right ones?

Persimmon receives £20 million kick-startThursday, March 11, 2010 @ 6:01PMPersimmon emerged as the biggest winner of the first £83 million tranche of funding from the second round of the programme, announced this week. It secured £20.4 million - almost a quarter of the total - and 21 of the 87 successful bids were Persimmon projects.

Detroit Sells $250 Million Without Recent Disclosure FilingsThursday, March 11, 2010 @ 5:57PMDetroit, the largest U.S. city whose debt is rated below investment grade, sold $250 million of debt today without having filed annual financial reports on time for five years.

First Capital Realty Announces 2009 Year End ResultsThursday, March 11, 2010 @ 5:57PMFirst Capital Realty Inc. Canada's leading owner, developer and operator of supermarket and drugstore-anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas, announced today strong financial results for the year ended December 31, 2009.

Pak-Afghan trade to be enhanced to $5 billion by 2015: joint declaration signedThursday, March 11, 2010 @ 5:50PMISLAMABAD (March 12 2010): Pakistan and Afghanistan on Thursday signed a joint declaration to strengthen road, rail and air connectivity as well as upgrade existing facilities linking the two countries to enhance bilateral trade to $5billion by 2015.

(AFX UK Focus) 2010-03-11 23:17 UPDATE 3-MOVES-TD Bank, Bryan Cave, Bank of AmericaThursday, March 11, 2010 @ 5:49PM(Adds TD Bank, Bryan Cave) March 11 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, send an email to moves@thomsonreuters.com.