Pru’s Asian misadventure: a cautionary tale

By Reuters Staff
June 3, 2010

PRUDENTIAL/By Clara Ferreira-Marques

Prudential’s ill-fated Asian adventure has left the company and its management badly bruised. But it has offered at least two valuable lessons for ambitious executives tempted onto the acquisition path by post-crisis, “once-in-a-lifetime” deals.

from From Reuters.com:

How has the credit crisis affected you?

By Reuters Staff
August 18, 2009

The demise of Lehman Brothers a year ago sparked a collapse in financial market confidence and set of a series of reactions that have spread hardship into the four corners of the globe.

Is it enough to say sorry?

October 21, 2008

lehman.jpgSorry seems to be the hardest word in many walks of life – but for hard-nosed bosses  of financial institutions it seems to be even tougher, even during the credit crunch.

Schadenfreude – the new City currency?

September 16, 2008

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Is it me or is Schadenfreude on the march? In the midst of all the headlines about wealthy bankers facing the ‘new reality’ of unemployment and comment about them not being terribly worthy of sympathy on account of their vast past bonuses, it’s as well to remember that not everyone can be sanguine about being cast out of work and that every job lost is a potential human tragedy.

The wages of sin

September 16, 2008

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  ***For full coverage of the crisis click here***

British newspapers were united in their scathing condemnation of high finance now laid low and the failure of regulatory authorities to rein in what they see as the greed-fuelled excesses of the banking sector.