Banking

Guy Hands, head of private equity house Terra Firma, warns US and Europe could suffer ‘Japanese problem’ unless banks’ leveraged loans are restructured

Goldman apologises for role in crisis and pledges $500m to help US small businesses

Mark Lowe, who set up Nomos Capital Partners is being sued for discrimination by a former employee

Doomed to repeat history? asks whether we need to learn from excessive consumer debt or was it an issue of leverage in the financial system

Bankers fear over-regulation

Tankers store oil as futures prices rocket

Lehman seeks $10bn clawback in Barclays suit

Bank regulation but at what cost to the economy?

Myners says ISC code is not strong enough

Invesco Perpetual launches split cap

Body created to lobby for the financial sector

TPG investors can cut exposure to financial fund

Terra Firma writes down EMI value

Property portfolios make gains

Cut tax relief for the wealthy, says TUC

Protesters lash out at Goldman

Archbishop of Canterbury attacks City culture

Ruth Sullivan

 

a man in a business suit with dunce cap

Consumers have low levels of financial literacy

Are we financially savvy enough to make the right decisions about how to  invest for retirement or calculate mortgage payments or avoid the danger of repossession?

Not enough people are, according to the OECD. In a recent study  the organisation found consumers not only have low levels of financial literacy preventing them from making informed financial decisions but they often overestimate their knowledge and skills.

Now Allianz has launched a website where people can find out about a whole range of financial terms to help their decision making, from estate planning to merging portfolios after marriage. There’s even a chance to trace how the price of coffee has increased in the past 30 years or how it might change in the future.

And if that doesn’t help to demystify some of the jargon then try the Financial Times lexicon.

Ruth Sullivan

Specialist pension buy-out companies will not be cheered by the latest analysis of their faltering sector.

Buy-out specialists that sprang up a few years ago to take over liabilities of defined benefit schemes got off to a strong start but the market has fallen flat in the financial crisis.

Ruth Sullivan

Just in case anyone is wondering why BlackRock is trying to snap up Barclays Global Investors, a small reminder dropped into my mailbox today with a preview of research on the exchange traded fund industry, albeit delivered by BGI.

It quotes data from mutual fund consultant Strategic Insight to the effect that net sales of mutual funds were minus $6bn in the first three months of the year compared to net sales of $7.7bn for ETFs, one good reason why the US money manager might be keen to get hold of BGI’s business.

Ruth Sullivan

It’s time the asset management industry held boards to account for not listening to what fund managers are saying over corporate governance issues.

Ruth Sullivan

White knuckle ride ahead

White knuckle ride ahead

Asset managers should grit their teeth for a painful year ahead. Banks and hedge funds may have been taken to the extremes of their pain thresholds already but it’s yet to happen to active managers.

Ruth Sullivan

tweeting off limits

tweeting off limits

In an age of blogs, twitters, professional and social networking I’ve just learned that some organisations are clipping their employees wings by forbidding them to access such sites from company computers.

At least that’s what happens in the world of some big investment banks.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.


Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.

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