Recent Posts

Russian bank collapse shines light on risks in Irish shadows

Bloomberg Based in a drab office building in Dublin down the road from a pub frequented by Prime Minister Enda Kenny, VPB Funding Ltd. had no employees but one function: selling bonds. In 2013, it issued $225 million of unsecured notes. The proceeds of that sale were funneled to Vneshprombank Ltd., a Moscow lender whose license was revoked last month ...

Read More »

Standard Bank sees full-year earnings rising as much as 35 percent

Bloomberg Standard Bank Group Ltd., Africa’s largest lender by assets, said it expects to report that 2015 profit increased by as much as 35 percent because of reduced losses at its international operations. Earnings per share excluding one-time items will range from 13.52 rand ($0.89) to 14.60 rand a share from 10.81 rand in 2014 when using international financial reporting ...

Read More »

BNY Mellon says VC Curtis to leave bank

Bloomberg Curtis Arledge, a vice chairman of Bank of New York Mellon Corp. and chief executive officer of its investment-management unit, is leaving to pursue other opportunities. Mitchell Harris, 61, will replace Arledge in the CEO position, effective immediately, New York-based BNY Mellon said Tuesday in a statement. Harris, who already oversaw the day-to-day management of the company’s investment businesses ...

Read More »
Send this to a friend