The former boss of New York Stock Exchange has been parachuted into Deutsche Bank as pressure mounts on its chief executive John Cryan.
John Thain is to join the company’s supervisory board as rumours swirl that Cryan is to be ousted.
Cryan game: Pressure is mounting on Deutsche Bank’s chief executive (pictured)
Investors have pulled out nearly £18 billion from two flagship Invesco funds, it has been revealed.
In the past five years, about £9.3 billion has been withdrawn from its High Income Fund and £8.3 billion from its Income Fund. Both are managed by Mark Barnett.
British satellite firm Avanti Communications has been saved from collapse by a group of Wall Street hedge funds.
The troubled firm was bailed out from crippling debt in a complex debt-for-equity swap.
The Chinese firm planning to buy department store House of Fraser has built up a £1.1 billion war chest for takeovers.
Fullshare, controlled by billionaire Ji Changqun, has lined up the cash through lending facilities.
Chip maker Imagination Technologies is set to bring in industry veteran Leo Li as its next chief executive.
The Hertfordshire firm, which was bought for £550 million by China-backed Canyon Bridge Capital Partners last year, is expected to announce the appointment this week.