PricewaterhouseCoopers

Lehman Brothers intends to return about $11 bullion to hedge funds

November 24, 2009 - 1:10am | Banks and internet banks | News

As PricewaterhouseCoopers, administrators for bankrupt Lehman's London-based unit, announced on Monday Lehman Brothers International, that has over $35 billion of hedge fund assets frozen since the bank's recession last September, indents to pay back about $11 billion to fund managers by March in case 90% of Lehman's clients approve the new plan.

assets | hedge fund | LBIE | Lehman Brothers | PricewaterhouseCoopers

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Internet ads sales drop by 5% for second consecutive quarter

October 6, 2009 - 4:36am | Figures | News

Internet advertising in the United States slipped 5 percent in the second quarter as the recession extended the first slump in online marketing since 2002.

The $5.4 billion spent on Internet ads during the three months ending in June compared with $5.7 billion at the same time last year, according to data released Monday by the Interactive Advertising Bureau and PricewaterhouseCoopers.

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Wealth managers report client attrition in the first quarter

June 30, 2009 - 8:41am | Investment industry | News

According to the Global Private Banking and Wealth Management Survey released today by PricewaterhouseCoopers LLP, the average U.S. wealth management firm experienced client attrition of 6% to 10% and assets attrition of 11% to 25%.

The report stated that chief financial officers of wealth management firms are forecasting a 15% increase in new assets under management, and revenue growth of 13% through the rest of this year. However, financial officers predicted no growth in profits this year “before tax growth.”

investment | PricewaterhouseCoopers | private banking | Steven Crosby | wealth managers

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