Professional Services news

Berkshire Hathaway, the investment firm run by Warren Buffett, achieved record profits last year

Foreign banks are to be allowed to set up wholly owned subsidiaries in India for the first time

Holding company Berkshire Hathaway has seen its profits surge in the third quarter of 2013

US President Barack Obama is set to nominate Federal Reserve Vice-Chair Janet Yellen to be the next head of the US central bank, the first woman to hold to post 

The leaders of the Brics group of nations are to set up a $100 billion fund to guard against future financial turmoil

Australia’s largest lender, Commonwealth Bank, has made history by posting the highest ever profit for an Australian bank

UK insurer Prudential has seen its profits increase over the past six months thanks to its strong performance in Asia

Swiss banking giant Credit Suisse has overcome difficult market conditions to record a big rise in quarterly profits

Goldman Sachs has surprised industry watchers by reporting a doubling of its profits

 

Citigroup has added its name to the list of US banks that enjoyed a strong second quarter of 2013

Talks aimed to create the world’s largest free trade zone between the European Union (EU) and the US are set to open in the coming days

Mitsubishi UFJ Financial Group (MUFG) looks set to complete what would be the biggest purchase in South East Asia by a Japanese bank

Japan has revised up its growth numbers for the first three months of the year

The Reserve Bank of Australia (RBA) is to invest around five percent of its foreign currency reserves in Chinese government bonds