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SG Hambros Bank has completed the acquisition of the Gibraltar private banking arm of ABN Amro Bank NV.

Crédit Agricole Asset Management (CAAM) has launched the CAAM Funds Emerging World fund within its Luxembourg-domiciled, open-ended international flagship Sicav, CAAM Funds.

The international businesses of Lloyds TSB and HBOS could be less impacted than the onshore brands by the planned £12bn takeover of troubled mortgage giant HBOS by the UK's fourth-largest bank.

The momentous events of the last week have signalled the final stages of the bear market, according to investment heavyweight Anthony Bolton.

Lloyds TSB's takeover of HBOS represents a "best of all evils", though should at least be a base for greater market stability, according to Seven Investment Management's Justin Urquhart Stewart.

Baring Asset Management has expanded into the Korean market, opening a sales office in Seoul.

Chirin Capital is set to launch the Chirin Asia Absolute Alpha fund.

Offshore law firm Appleby is extending its global network with offices in Dubai and Zurich.

Spa ETF has signed an agreement with NYSE Euronext and Portuguese bank Caixa-Banco de Investimento, to list and distribute the first ETF in Portugal.

Positive changes in the US have been overshadowed by recent market panic and news from Lehman Brothers, according to Investec's strategist Max King.