Callan to head hedge fund unit at Credit Suisse (Headlines)
Erin Callan, former Lehman Brothers chief financial officer, has been hired by Credit Suisse to fill the new position of global head of its hedge fund business.
Fed values Bear Stearns assets at $29bn (Headlines)
The Federal Reserve Bank of New York on Thursday confirmed the estimated fair value of assets that were formerly held by Bear Stearns at about $29bn, about $1bn less than they were worth when the investment bank was sold to JPMorgan in March.
Marks and Spencerâ??s shares fell more than 20 per cent on Wednesday morning after a profits warning from Britiainâ??s biggest clothing chain prompted analysts to slash profit forecasts for the retailer.