Michael Rees

Neuberger Berman’s Dyal Buys 20% Stake in Capstone

Capstone Investment Advisors LLC, a hedge-fund firm with $2.4 billion in assets, sold a minority stake to a private-equity fund run by Neuberger Berman Group LLC, according to a letter sent to Capstone’s clients.

Standard Chartered Will Keep London ‘Neutrality,’ Rees Says

Standard Chartered Plc’s head of wholesale banking, Michael Rees , said the bank is unlikely to leave London because of the city’s “neutrality” and the backing of British taxpayers.

An Economics Nobel For Saving Lives

Imagine a parallel universe in which federal law prohibited Americans from paying anyone to care for their children, whether in cash or in some other “valuable consideration,” and where paid child care was similarly repugnant and illegal throughout most of the world.

Standard Chartered Cuts Bonuses, Boosts Dividend After Fine

Standard Chartered Plc, Britain’s second-largest lender by market value, cut bonuses by 7 percent and boosted its dividend after it was fined $667 million for U.S. sanctions violations. The shares rose.

Standard Chartered’s Michael Rees Paid as Much as $13.4 Million

Standard Chartered Plc’s Mike Rees, head of corporate banking, may be paid as much as $13.4 million for 2011, the highest-compensated director on the board.

Neuberger Reprises Lehman Team for Hedge-Fund Deals

Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., reassembled a team of executives to invest as much as $1 billion in firms that run hedge funds.

Standard Chartered Says Profit Grows by Less Than 10%

Standard Chartered Plc, which paid $340 million to settle a regulator’s claim it broke Iranian sanctions rules, said operating profit in the first nine months rose by a “mid-single digit” rate as growth in Asia slows.

Standard Chartered Posts 11% Rise in First-Half Profit

Standard Chartered Plc, which earns most of its income from Asia, posted an 11 percent increase in first-half profit, escaping the interest-rate rigging scandal that has embroiled its U.K. competitors.

Standard Chartered Plans to Hire After Record 2011 Profit

Standard Chartered Plc, the U.K.’s second-largest bank by market value, said it plans to hire as many as 2,600 employees after posting its eighth annual record earnings on growth in corporate and consumer banking.

Standard Chartered Warns on Regulatory Change After Posting Record Profit

Standard Chartered Plc , the U.K. bank that gains most of its profit in Asia, posted its seventh successive year of record profit while warning that the biggest threat to future earnings is uncoordinated regulatory change.

"Capstone is an excellent manager with a unique investment approach, and we look forward to a long partnership with Paul and his team."

- Michael Rees on Jun 04, 2013

London

Standard Chartered

Asia

Peter Sands

BP’s Oil Spill Deal Sours as Claims Add Billions to Cost

U.S. Treasury Plans to Sell 30 Million More GM Shares

European Stocks Drop to Their Lowest Level in Six Weeks

U.S. Stocks Fall on Stimulus Bets Amid Jobs, Factory Data

JPMorgan’s Alabama Debacle Set to Cost Bank $1.5 Billion