Barclays Plc, Britain’s second- biggest lender by assets, plans to fire almost 100 U.K. private bankers as it cuts costs at its wealth-management unit and will close a separate call center.
Bank of America Corp., the world’s fifth-biggest adviser on mergers and acquisitions, named Jack MacDonald and Patrick Ramsey to run the M&A business in the Americas.
Barclays Plc’s Swiss wealth- management unit added client assets and recruited bankers last year after attracting customers from outside the U.K.
Barclays Plc’s Swiss business increased client assets 22 percent last year after attracting funds from wealthy Russians, Latin Americans and Africans.
Barclays Plc, Britain’s second- biggest bank by assets, said Emmanuel Fievet, head of wealth management for the U.K. and Europe, has left the company and will be replaced by Henry Fischel-Bock.
Chad Pennington ’s return as the Miami Dolphins’ starting quarterback lasted two passes before he suffered a season-ending shoulder injury.
Barclays Plc’s private bank in Geneva hired five bankers from a cross-town rival Lloyds TSB Private Banking to build its Middle East client base.
Food producer Ralcorp Holdings Inc. refused to accept a takeover bid from rival ConAgra Foods Inc. in 2011. A year later, 39-year-old activist investor Keith Meister stepped in.
Barclays Plc, the U.K.’s second- largest bank by assets, plans to hire more advisers to wealthy clients in Switzerland to help it double funds under management by 2015.
Corporate executives in the first quarter paid the most for takeovers since before the collapse of Lehman Brothers Holdings Inc ., kicking off what investment bankers say may be the busiest year for deals since 2007.
"We're building an international hub here."
- Patrick Ramsey on Feb 26, 2013