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Diversified Financials Capital Markets

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  • DEUTSCHE BANK PLAN TO BECOME INVESTMENT BANK/CORPORATE LENDER DROPPED AFTER ECB STRESS TESTS- SOURCES.

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • LONDON, April 27- Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange data showed, the highest level since...

  • OSLO, April 27- An Oslo court started to hear a $1.9 billion lawsuit by a group of international investors against Norway on Monday, in a case that challenges the country's reputation as a predictable place to do business with little political risk. Investors including Allianz, UBS, the Abu Dhabi Investment Authority and two Canadian pension funds are suing...

  • FRANKFURT, April 25- If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Germany's flagship lender comes late to restructuring after European rivals such as Barclays and Credit...

  • FRANKFURT, April 24- Deutsche Bank will cut back investment banking, sell its Postbank retail chain via a public share offering and reduce costs, the group said late on Friday, in a restructuring plan designed to boost profits. Germany's largest bank is under pressure to revive its performance as new regulations, legal headaches and weak markets eat into returns...

  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • FRANKFURT, April 24- Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability. The strategy decision, which may be announced as early as Friday evening, takes place under a cloud after U.S. and British authorities on Thursday imposed...

  • Zhao Yang, fund manager of Bosera Asset Management Co, which is launching a mutual fund to invest in the city's markets, said he expected inflows from Chinese mutual funds and insurers to continue, and the valuation gap between Hong Kong and China- listed stocks to narrow further. His view was echoed by brokerage China Investment Securities, who wrote on Friday: "In...

  • INSTANT VIEW-Nasdaq sets new record closing high Thursday, 23 Apr 2015 | 5:36 PM ET

    NEW YORK, April 23- The Nasdaq Composite Index set an all-time closing high of 5056 on Thursday, taking out the record it set during the dotcom boom of 2000.. URI LANDESMAN, president of Platinum Partners in New York:. RICHARD WEISS, senior portfolio manager at American Century Investments, which has $150 billion in assets under management.

  • NEW YORK, April 23- U.S. "The weaker economic data certainly helped pulled some bids back into the market," said Andrew Richman, fixed income strategist at SunTrust Private Wealth Management in Palm Beach, Florida. Uneasiness about Greece and its future in the euro zone also underpinned safe-haven demand for Treasuries.

  • BOSTON, April 23- Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns. Among so-called liquid alts funds, Daman Investments' Daman Fifth Fund was last year's best performer boasting a 232...

  • NEW YORK, April 23- Goldman Sachs Group Inc's Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co, the company said on Thursday. The business provides investment and risk management services to institutional investors and has assets under supervision of more than $18 billion.

  • COMPANIES ON A POTENTIAL $2 BLN WEALTH-MANAGEMENT AND PRIVATE-BANKING ACQUISITION.

  • CALGARY, April 23- Canadian Imperial Bank of Commerce is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview. But Chief Executive Victor Dodig said CIBC, which has been eyeing the U.S. wealth management space for a while, must be patient as such companies don't...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser to H.J. Some of the other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DirecTV and Pfizer Inc's $17...

  • LONDON/ BOSTON, April 23- London- based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed. The Denjoy Integral Fund- which bets on both rising and falling shares- recorded overall returns of 13.9 percent since...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser for H.J. The other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DIRECTV and Pfizer Inc's $17 billion...