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Financial Services company and industry news from the Financial Times
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Carlyle to focus on Turkey and Saudi Arabia
Leadership change reveals shift in focus towards Turkey and Saudi Arabia as investors shun north African economies, fearing political upheaval
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Apple under pressure over board elections
Tech group ‘needs a governance upgrade’ says pension fund and activist shareholder
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Pensions seen as passive pots of gold
The premise that pension assets are locked up and lying idle has a long pedigree within UK governments
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UK looks to bridge regulatory divide with US
Enforcement actions have reinforced the view that the UK is lighter on markets policing but that could be about to change with aggressive US-style tactics
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Volatility and weaker client trading hit Investec
The South African banking group says that troubled markets had pulled its operating profit down by more than 5% in the nine months to December
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New York Fed weighs fresh securities auction
Decision due in days on whether to sell bundled mortgage securities acquired during the AIG bail-out after successful Maiden Lane sale
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Carlyle removes class-action clause
Group backs down after legal strategy provokes letter from senators amid opposition from investors and corporate governance activists
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Church of England doubles hedge fund investments
Anglican portfolio now among biggest investors despite public anger about excess in industry notorious for eye-watering pay packages
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ETFs: engine trouble
The fall in volumes should not deter regulators from getting a better grip on these products, particularly the synthetic variety
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Plus Markets starts looking for buyers
The Aim-quoted bourse, which is home to some 159 companies, has experienced continuing losses and dwindling listings in recent years
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EC block clouds outlook for big exchange mergers
Rejection of the Deutsche Börse-NYSE Euronext plan reflects strong antitrust sentiment against such businesses wielding greater market power
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Flashpoints ahead for RBS pay committee
Pressure to keep bank’s bonus pool below £500m this year compared to nearly £1bn 12 months ago
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Swiss probe 12 banks over Libor allegations
Investigation into lenders in US, Europe and Japan, including UBS, Deutsche Bank, RBS and Citigroup
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RBS fights Libor dismissal claim by trader
Bank says former Singapore employee was guilty of gross misconduct for ‘improperly influencing’ rate setting
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Spain caps senior pay at bailed-out banks
Executives limited to €600,000 a year, in some cases cutting bankers’ income by three-quarters
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