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San Francisco Chronicle



Citigroup Exits Proprietary Trading, Says Most Staff Leave - San Francisco Chronicle
Citigroup holds about $5 billion of shareholders' funds in internal private-equity and hedge funds, a person familiar with the matter said in May. The funds may also be subject to the proposed rule, named for former Federal Reserve chairman Paul ...
January 27, 2012


Credit Suisse's Dougan Said to Not Get Derivative Bonds in Bonus - San Francisco Chronicle
... overall 2011 pay packages for senior staff -- including the new bonds -- were down about 30 percent on average from a year earlier, said people briefed on the matter who spoke on condition of anonymity because compensation discussions are private.
January 27, 2012


UK port of Dover closed because of security alert - San Francisco Chronicle
She spoke on condition of anonymity in line with force policy. In a message posted later to the force's Twitter feed, Kent Police said that some weapons had been discovered in a car at Dover's Eastern Docks. It wasn't clear exactly what kind of weapons ...
January 26, 2012


AGENCY EXEC: I Met Yahoo's New CEO, And I Don't Understand Why The Board Hired ... - San Francisco Chronicle
This executive, who asked to remain anonymous in order to be more candid about a person he or she will have to work with in the future, was pretty blunt. This exec said: "I would like to know what the Yahoo board was looking for that this guy that this ...
January 26, 2012


Credit Suisse Senior Bankers' Compensation Said to Drop by 30% - San Francisco Chronicle
For some bankers, including a number in Asia, total pay will only drop by about 20 percent, said one of the people who declined to be identified because they weren't authorized to speak publicly. Securities firms are curbing remuneration for investment ...
January 26, 2012


Ivory Coast chief to sign defense pact with Paris - San Francisco Chronicle
France is encouraging the new president to take action so that peace and security are anchored in the country, an official close to Sarkozy said. The person requested anonymity because of a lack of authorization to speak publicly.
January 26, 2012


Ghizzoni Rights Offer Gamble Seen Winning Reprieve for UniCredit - San Francisco Chronicle
27, received preliminary indications that individual investors in Italy will subscribe to almost all the stock available, said two people briefed on the transaction who asked not to be identified because the matter isn't public.
January 25, 2012


Obama speech echoes in town with failed factory - San Francisco Chronicle
By ALAN SCHER ZAGIER, AP Jeff Roberson / AP A man who declined to be identified walks past a business with an American flag in the window Tuesday, Jan. 24, 2012, in Moberly, Mo. Many in this small town in central Missouri will watch the State of the ...
January 25, 2012


HSBC Said to Seek Buyer for Japan Retail-Banking Operations - San Francisco Chronicle
25 (Bloomberg) -- HSBC Holdings Plc, Europe's largest bank, is seeking buyers for its Japanese consumer banking unit four years after starting the business, said three people familiar with the matter. HSBC may sell HSBC Premier, the division that ...
January 25, 2012


Facebook Trades Are Said to Be Halted for Three Days This Week - San Francisco Chronicle
This week's halt doesn't necessarily mean the filing is imminent, the people familiar with the matter said. Private shares can still be traded on secondary markets between the time of the filing and the IPO, though companies are more likely to restrict ...
January 25, 2012


Facebook Trades Said to Be Halted for Three Days This Week - San Francisco Chronicle
27, said the people, who declined to be named because details on secondary transactions are kept private. The halt pertains to trading of Facebook shares only, one of the people said. Facebook, the largest social-networking site, is considering raising ...
January 25, 2012


NYSE Dream of Global Exchange Coming Apart on Derivatives Review - San Francisco Chronicle
... clearing for three years, selling NYSE's Liffe single-stock derivatives business, and the licensing of the Eurex trading system to a third party to allay competition concerns, said the people, who declined to be named because the talks are private.
January 24, 2012


NYSE-Deutsche Boerse Said to Lack Support to Overturn EU Ban - San Francisco Chronicle
EU Financial Services Commissioner Michel Barnier asked for more time to review the deal after returning from a trip to Asia, according to a person familiar with the situation who declined to be identified because the discussions are private.
January 24, 2012


NYSE-Deutsche Boerse Said to Lack Support to Overturn EU Veto - San Francisco Chronicle
National competition regulators from the EU last week backed Almunia's plan to block the deal, according to a person familiar with the non-binding vote. Chief Executive Officers Duncan Niederauer for NYSE and Reto Francioni for Deutsche Boerse, ...
January 24, 2012


Petrobras's Foster to Replace Gabrielli as Chief Executive - San Francisco Chronicle
Bahia state governor Jaques Wagner has invited Gabrielli to join his government, an official at the governor's press office, who declined to be named because of internal policies, said in a telephone interview. Gabrielli is from Bahia.
January 23, 2012


Silverstein Said to Discuss Capping 3 World Trade at 7 Stories - San Francisco Chronicle
... which owns the lower Manhattan site, are based on a 2010 agreement that required the developer to have private financing and an anchor tenant in place, said the people, who asked not to be identified because the talks are private.
January 23, 2012


Billionaire Hedge Funds Snub 90% Returns: Argentina Credit - San Francisco Chronicle
A federal appeals court said that money is shielded under the US Foreign Sovereign Immunities Act. Argentina expects the US will support its position in the case, said an official at the country's central bank who declined to be identified because he ...
January 23, 2012


Gorman Said to Get 25% Pay Cut as Dimon Remains at $23 Million - San Francisco Chronicle
Dimon is likely to receive $23 million, more than double Gorman's $10.5 million package, said the people, who spoke on condition of anonymity because the total pay amounts aren't public. Dimon got about $17.3 million in stock and options, while Gorman ...
January 23, 2012


McKenzie went to Winston Moss for job interview - San Francisco Chronicle
A source close to Reggie McKenzie confirmed that the Raiders' new general manager interviewed Winston Moss for the team's head-coaching job Jan. 14. Moss, Green Bay's inside-linebackers coach and assistant head coach, had a four-hour interview with ...
January 23, 2012


McKenzie went to Winston Moss for job interview - San Francisco Chronicle
A source close to Reggie McKenzie confirmed that the Raiders' new general manager interviewed Winston Moss for the team's head-coaching job Jan. 14. Moss, Green Bay's inside-linebackers coach and assistant head coach, had a four-hour interview with ...
January 23, 2012


Singapore's GIC Said to Offer $700 Million in Buyout-Fund Stakes - San Francisco Chronicle
20 (Bloomberg) -- Government of Singapore Investment Corp., which manages more than $100 billion of the city-state's reserves, is seeking to sell about $700 million in private- equity holdings, according to three people familiar with the matter. ...
January 21, 2012


Morgan Stanley Said to Reduce Gorman's Pay 25% From 2010 - San Francisco Chronicle
He won't receive an immediate cash bonus, and the rest of his pay is composed of salary, deferred cash and compensation tied to company performance measures, said the person, who asked not to be identified because Gorman's total pay hasn't been ...
January 21, 2012


Morgan Stanley Said to Reduce Gorman's 2011 Pay 25% From 2010 - San Francisco Chronicle
... a person familiar with the decision said. The person declined to be identified because Gorman's total compensation hasn't been made public. To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net.
January 21, 2012


US Airways Said to Develop AMR Merger Plan to Fix Revenue Gap - San Francisco Chronicle
20 (Bloomberg) -- US Airways Group Inc. is studying a potential merger with bankrupt AMR Corp. that would fix a weak domestic route system at American Airlines and boost revenue, two people familiar with the matter said. President Scott Kirby is ...
January 20, 2012


Ukrainian coach charged in sex case faces hearing - San Francisco Chronicle
The players stay with host families and are being cared for, according to a team assistant in the courtroom who declined to give his name. Pravilov was charged Tuesday with fondling a boy at his Philadelphia apartment as the 14-year-old slept near a ...
January 20, 2012


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