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Monthly Archives: February 2015

Breaking news

Nigel Farage addresses nearly empty room during US conservative conference speech. 'Scotland's happiest lollipop man' banned from high-fiving children at crossings. Obama is 'directly responsible' for the bloody rise of Isis, says Sarah Palin. Georgia postpones first execution of female prisoner for 70 years because of the bad weather. Jihadi John 'appeared in video of pilot being burnt alive'. You will get nothing unless you honour deal, Germany tells Greece.   The banking group said it had promoted two regional heads of its mergers and acquisitions (M&A) business to global M&A co-heads, and made one of its previous global M&A co-heads a global M&A co-chairman. MORGAN STANLEY The bank told advisers that Doug Ketterer, the firm's head of strategy and client management, is retiring, according to an internal memo sent to employees and seen by Reuters. CREDIT SUISSE The bank lifted a three-person team from the Royal Bank of Canada to grow its presence in the student loan asset-backed securities market, according to a company…

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Edible Coffee Cup in KFC Tests in Britain

Diners at KFC restaurants throughout Britain soon will be able to have their coffee — and eat the cup, too. KFC, one of the chains operated by Yum Brands, is going to test an edible cup made from a wafer coated in sugar paper and lined with a heat-resistant white chocolate. The new cup will debut about the same time as KFC restaurants plan to introduce Seattle’s Best Coffee, part of Starbucks. “We have been experimenting with edible packaging to see if it could be a feasible product to bring to market in limited quantities,” Jocelyn Bynoe, brand manager for Yum’s international operations, said in a statement. The new cup addresses several of the trends bedeviling the food business today, including consumer concerns about the environmental impact of packaging, as well as their desire for simplicity. “This type of edible packaging is definitely aligned with the global consumer mind-set in terms of sustainability and simplifying their life,” said Shilpa Rosenberry, senior director of global consumer…

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Breaking news

  ERNST & YOUNG LLP The audit firm named Cathleen Koch principal and Americas tax policy leader. RAYMOND JAMES & ASSOCIATES The broker-dealer unit of Raymond James Financial Inc , appointed Marta Shen and A.K. Mashhoon advisers in its Atlanta office. BANK OF AMERICA MERRILL LYNCH Henry Mulholland, head of equities for the Americas for the global commercial and corporate banking unit of Bank of America Corp, will retire after more than 25 years with the bank, according to an internal memo obtained by IFR. BLACKROCK INC The world's largest money manager appointed Thomas Muller as managing director and portfolio manager of its European real estate business. FRED ALGER MANAGEMENT INC The asset manager said Teresa McRoberts had returned to the firm as the head of its healthcare team. INVESCO PERPETUAL The unit of investment manager Invesco Ltd appointed Asad Bhatti as deputy fund manager of its high yield fund. BNP PARIBAS SECURITIES SERVICES The unit of BNP Paribas SA appointed Andrea Cattaneo as the…

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Breaking news

Isis militants kidnap 90 men, women and children from Christian villages in Syria. Sir Malcolm Rifkind to step down as MP amid 'cash for access' scandal. Cannabis is '114 times less deadly than alcohol'. Nutella jar sparks fire that destroys home and kills family dog. 'Get a job,' judge tells millionaire's ex-wife living off £75,000-a-year divorce payments   Mysterious drones over Paris raise attack fears. INTERCONTINENTAL EXCHANGE INC The exchange and clearing house operator added Chris Rhodes and Gordon Bennett to its derivatives markets team. SC LOWY The fixed income specialist appointed Florian Schmidt head of debt capital markets to oversee the expansion of the company's primary debt issuance capabilities on the public bond side as well as in private special situations.

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Breaking news

INTERCONTINENTAL EXCHANGE INC The exchange and clearing house operator added Chris Rhodes and Gordon Bennett to its derivatives markets team. SC LOWY The fixed income specialist appointed Florian Schmidt head of debt capital markets to oversee the expansion of the company's primary debt issuance capabilities on the public bond side as well as in private special situations.

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Breaking news

Britain's military would be overwhelmed in a war against Russia, former defence chiefs warn. George Osborne warns of 'full-blown crisis' as Greece standoff with eurozone continues. 'They're all leaning towards Ukip': Miliband confronted by disgruntled factory worker. Commuter swears at London Underground passenger, only to be interviewed for a job by the very same man. Typo turned Tory donor Mrs Swidler into 'Mrs Swindler'. Miliband 'sounds like a public schoolboy', says disgruntled working-class Labour supporter.   AXA INVESTMENT MANAGERS The asset management unit of AXA SA named Monique Diaz global head of compliance. Based in Paris, Diaz will report to Christian Gissler, global head of risks and controls. U.S. BANK WEALTH MANAGEMENT U.S. Bancorp's wealth management arm named Taskeen Pagany as a private banker. She will be based in Chicago and work in the bank's The Private Client Reserve. WILLIS GROUP HOLDINGS PLC The insurance and reinsurance broker appointed Christine LaSala as chairperson of its North America business.

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Breaking news

'We're racist, and that's the way we like it': Chelsea fans push black man off Paris Metro. HSBC Swiss offices searched as prosecutors probe alleged money laundering. Labour's Harriet Yeo leaves party to support Ukip in general election. Hiring surge sees another 100,000 people in work as employment hits record high, while pay jumps 2.1% FINALLY pulling away from inflation. PERELLA WEINBERG PARTNERS The boutique investment bank fired its leading restructuring partner Michael Kramer for allegedly soliciting colleagues to leave the firm to set up a new one, the Financial Times reported. HSH NORDBANK AG The German landesbank's Chief Risk Officer, Edwin Wartenweiler, will step down when his current contract expires to take up "new career challenges".  

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Breaking news

Ukraine ceasefire 'broken 139 times' on first day. Copenhagen on edge as 'suspect package' is found at scene of Saturday's shooting. CIA 'bought chemical weapons from a secret seller in Iraq'. Osborne advised caller on how to avoid inheritance tax on television show. Tories take four-point lead in biggest surge in two years. Ukip is 'Britain's most hated brand'. Greek crisis talks collapse in acrimony as Syriza defies EMU   CITIGROUP INC The bank has appointed William Weaver as head of debt capital markets for Europe, the Middle East and Africa replacing Paul Young, who left the firm last month, according to an internal memo seen by IFR. Weaver currently runs the bank's CEEMEA debt capital markets business.

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Breaking news

Egypt bombs Isis targets in Libya after release of video showing beheading of 21 Christians. The $1bn heist: Cyber gang steals from 100 banks in 'unprecedented robbery'. Teenager who posted 'catch me if you can' on Facebook is caught by police. Nutella and Ferrero Rocher boss dies on Valentine's Day aged 89. Copenhagen shootings suspect 'may have been inspired by Paris attacks'. Boris Johnson reveals he is to renounce US citizenship.   RUSSELL INVESTMENTS The Seattle-based firm appointed Alexandre Martin and Richard Palmer addition implementation portfolio managers to boost its global transition management team. HSBC BANK USA The subsidiary of HSBC Holdings Plc appointed Wyatt Crowell senior executive vice president and head of commercial banking for North America, effective immediately. BAIN CAPITAL Nigel Walder is leaving his role in JP Morgan's leveraged finance team to join private equity firm Bain Capital, according to sources with knowledge of the matter. JPMORGAN CHASE & CO The bank's Asia Pacific investment banking Vice Chairman Todd Marin has retired…

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Breaking news

  Costa Concordia captain found guilty of manslaughter and sentenced to 16 years. UK is heading for deflation says Bank of England chief. Police invoke 1872 'cow law' act to convict man drink-driving golf buggy. Daughter of Korean Air chief jailed in ‘nut rage’ case. Dinosaurs 'got high on psychedelic fungus', fossil discovery reveals. Simon Cowell says he really was hypnotised by a dog at Britain's Got Talent auditions. MIRAE ASSET The asset manager appointed Sander van Ouwerkerk as head of Benelux and Nordic sales, to spearhead a push into the region. GE CAPITAL CORP The finance arm of U.S. conglomerate General Electric Co, appointed Isabel Fernandez as chief commercial officer. ARROWPOINT PARTNERS The Denver, Colorado-based asset manager, said it hired Vipul Shah and Michael Novoseller to its direct platform based in New York. CITIGROUP INC The bank hired Matt Swann to be head of technology for its global cards and payments businesses, a Citigroup spokeswoman said on Wednesday. BNY MELLON The bank named Judy…

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