Peter Thal Larsen
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End in view for HSBC's subprime nightmare
HSBC was one of the first banks to raise the alarm about U.S. subprime mortgages in early 2007. As the third anniversary of its profit warning comes into view, losses from the banking group's disastrous ... Full Article
What banks can learn from hedge funds
Should the banking industry look more like the hedge fund sector? That's the surprising suggestion made last week by two Bank of England officials. In a fascinating paper, Piergiorgio Alessandri and Andrew ... Full Article | Comments [2]
Barclays shake-up leaves Frits in bits
So much for Barclays' ambitions to be a magnet for banking talent. When the British bank hired Frits Seegers the Dutchman arrived with a big reputation and an even larger price tag - the cost of buying him out of his previous job at Citigroup. Three years on, he's on his way, the main casualty of a management shake-up that leaves his main rival, Barclays president Bob Diamond, looking stronger than ever. Full Article | Comments [1]
