| JEDC to adjust grants for Adams St. project Plans to renovate a 98-year-old building on Adams Street into a modern multi-use project have been a lot more difficult than The Kimmik Corp. originally anticipated, both structurally and financially, so the Jacksonville Economic Development Commission is proposing to stretch out the disbursement of a grant the company has already received to help keep the project moving. feeds.bizjournals.com |
Lone Star suit accuses former executive of fraud The former head of Lone Star Funds’ South Korean operation torpedoed the $5.9 billion sale of the private equity firm’s majority stake in a Korean bank through a series of fraudulent transactions, according to a lawsuit. feeds.bizjournals.com |
[video] Land of the Banking Giants [3.1 min] (at MarketWatch) Big firms like Goldman Sachs and J.P. Morgan Chase are emerging as survivors and sector leaders after the financial crisis, yet are unlikely to be split up by the government, says Keefe Bruyette & Woods analyst Fred Cannon. us.rd.yahoo.com |
More respect for behavioural studies (at FT.com) From now on, the asset management industry is going to have to take more account of risk, according to the responses to FTfm in its informal survey of the industry. "The most important lesson is about managing risk"; "the crisis has highlighted the importance of managing risk in asset management, regardless of its nature"; "risk has to go back to the heart of the investment approach of a solid investment manager" - these are typical comments from the chief executives, chief investment officers and consultants who pondered the lessons of the past decade and forecast the challenges of the next for us. us.rd.yahoo.com |
Citi hires former Morgan Stanley Asia CEO (Reuters) Citigroup said on Monday it appointed Alasdair Morrison as an Asia senior adviser, a new role for the bank meant to support its expansion across the region. us.rd.yahoo.com |