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Financial pricing for the 21st century

Putting a price on assets for which no active market exists is a process mired in complexity and no little controversy. But the pricing models of yesteryear are simply not up to the job. David Patrikarakos looks at the new generation of valuation models…

Danny Davis

Mishcon de Reya's insolvency expert talks about the need for companies to learn to rely less on external funding, and why a UK-style Chapter 11 process isn't necessarily a good idea

Ellen Marshall

The co-chair of the banking and financial industry practice group at US law firm Manatt, Phelps & Phillips speaks to Matthew Attwood about the securitisation industry

It's payback time

If you still wake up in a cold sweat, haunted by the memory of opening your 2008 bonus slip, you're not alone. Credit professionals across the board saw their bonuses slashed last year. But not all banks were forced to scale back their remuneration…

JP Morgan strengthens business in India

JP Morgan has appointed Kaku Nakhate as vice chairperson of the bank's Indian operations. Nakhate will be responsible for cash equities, equity derivatives and futures and options, while having a supervisory role for the custody business in India. Mumbai…

Lewis ousted from BoA chair

Ken Lewis, chief executive and president of Bank of America, was voted out as chairman of the firm at a shareholders' meeting on April 29.

Natixis CEO to be replaced

Dominique Ferrero, the chief executive of French corporate and investment bank Natixis, will lose his job today as part of the bank's restructuring plans.

SG’s chairman Bouton resigns

Daniel Bouton, the chairman of Société Générale, has said he will step down on May 6, when the bank’s board will elect a replacement for him.

Kjaer joins RiskMetrics as president

Knut Kjaer, former chief executive of Norges Bank Investment Management - a division of the Norwegian central bank that oversees the $370 billion Government Pension Fund of Norway and the country's foreign reserves - has been appointed president of New…

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