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Chapter 11 move for US lender

New Century Financial this week became the latest US mortgage lender to be hit by the sub-prime lending crisis after filing for chapter 11 bankruptcy protection. It will cut 3,200 jobs and will resize some operations before a potential sell-off of assets.

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The life of a salaried employee of a financial services business need not be devoid of interesting events but I have found the last few months to be particularly stimulating by virtue of the different types of operation I have come into contact with.

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]

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