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Asset
Swiss bank BSI in Asia hiring spree
The private bank has hired more than 100 staff from the Singapore office of RBS Coutts in one of the largest such mass transfers between industry rivals
AIG sells Alico to MetLife for $15.5bn
AIG took another step away from its troubled past, selling its non-US life assurance business to MetLife in a deal that will enable it to settle part of its debts to US taxpayers
Bair seeks upfront levy on big banks
Sheila Bair, chairman of the Federal Deposit Insurance Corporation, called for an upfront levy on large financial institutions to pay for the costs of their failure – but she signalled willingness to compromise