Diversified Financials Capital Markets

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  • The bank's net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier. On a per-share basis, earnings fell to $1.35 from $1.45. Total revenue fell 3 percent to $24.08 billion, beating the average estimate of $23.40 billion, while revenue from fixed-income trading- often JPMorgan's most volatile business- fell 13.4...

  • SAO PAULO, April 13- Brazil's harshest recession in decades and deepening political turmoil are preventing buyers and sellers from finalizing dozens of mergers and acquisitions amid wide disagreements over valuations, according to dealmakers. "The biggest challenge in times of high uncertainty like this is to bridge the diverging pricing views between...

  • SINGAPORE/ HONG KONG, April 13- JPMorgan Chase& Co has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients. The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified...

  • SINGAPORE/ HONG KONG, April 13- JPMorgan Chase& Co has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with direct knowledge of the matter said, as the U.S. bank sharpens its focus on tapping wealthier clients. The job cuts would affect the bank's Singapore and Hong Kong offices, the source said, declining to be identified...

  • April 12- Nomura Holdings Inc is laying off more than two-thirds of its U.S. employees who focus on leveraged buyouts, people familiar with the matter said on Tuesday, as the Japanese bank announced broad strategic changes in Europe and the United States to boost profits. The staff cuts began on Tuesday as Nomura announced the strategic changes after losing...

  • NEW YORK, April 12- A key rule governing the U.S. stock market that effectively forces stock orders to be sent to the exchange displaying the best quoted price is outdated and should be scrapped, said an executive of the world's largest sovereign wealth fund. Institutional investors, however, hold 80 percent of U.S. stocks and are far more active market...

  • NEW YORK/ BOSTON, April 12- The U.S. government's lawsuit against ValueAct Capital targets one activist investor but could call into question routine practices across the $16 trillion mutual fund industry, according to attorneys and industry representatives. The U.S. Department of Justice last week alleged that the hedge fund improperly classified two...

  • BOSTON, April 12- Och-Ziff Capital Management shares dropped 24 percent to a record low on Tuesday on the possibility that the U.S. hedge fund would have to plead guilty to bribing government officials in Africa. The Wall Street Journal first reported the settlement talks and said U.S. regulators were seeking a fine of as much as $400 million from Och-Ziff, based...

  • Movement in secondary market

    Atish Davda, EquityZen CEO, talks about investing in the secondary market, and his company's aim of helping private shareholders and early investors free up liquidity.

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Shares of the New York- based firm- one of the few publicly traded hedge fund firms, with $42 billion in assets under...

  • CEO HASSELL SAYS WILL CONTINUE TO EVALUATE LINE UP OF BOUTIQUE ASSET MANAGERS.

  • LONDON, April 12- A rise in oil prices and gains for some European banking shares helped prod stock markets into positive territory on Tuesday, in a week dominated by what second-quarter corporate earnings will say about the state of global markets and growth. The mood among investors in Europe and the United States has been subdued before earnings season.

  • LONDON, April 12- Do you remember JPMorgan's Physical Copper Trust? Registered in October 2010 with the Securities and Exchange Commission, it was probably one of the most controversial commodity investment vehicles ever conceived. But by the time the SEC approved both products in late 2012, the investment tide had already turned.

  • TOKYO, April 12- After losing some $3 billion overseas in nearly six years, Japan's Nomura Holdings Inc, is axing a brokerage unit and hundreds of jobs in Europe and the Americas, sounding a partial retreat from its latest drive to become a global player. Announcing changes in its wholesale operations, Japan's biggest brokerage said in a statement on Tuesday it...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Federal authorities are pushing the New York- based firm to plead guilty in what would be a rare move for a big financial...

  • A pedestrian walks past illuminated signage for Nomura Securities Co., a unit of Nomura Holdings Inc in Tokyo, Japan.

    Nomura Holdings has announced it will restructure its business in Europe and the Americas, closing some operations in Europe.

  • *Some jobs also to go in Americas- sources. TOKYO, April 12- Nomura Holdings Inc plans to cut between 500-600 jobs, mainly in its European cash equities business, as Japan's biggest brokerage tries to stem years of heavy losses racked up in its long-term drive to become a major global industry player, people familiar with the matter said on Tuesday.

  • ROME/ MILAN, April 11- Italian financial institutions have agreed to set up a 5 billion euro fund to shore up weaker banks, two of the fund's backers said on Monday, in a state-orchestrated plan to avoid a crisis in the euro zone's fourth-biggest banking sector. Rome has been keen to portray the fund as an industry initiative to ensure it does not fall foul of European...

  • NEW YORK, April 11- A new U.S. rule protecting retirement funds from commission-paid brokers could be good for roboadvisers, a fast-growing sector that manages money with algorithms who may collect new clients fired by other firms because their accounts are too small. "To the extent that this rule starts undermining the business models for incumbents, it...

  • April 11- Perella Weinberg Partners LP has hired Alexander Tracy, a managing director at Miller Buckfire& Co, as a senior member of its financial restructuring advisory team, people familiar with the matter said on Monday. Tracy is one of the first senior hires at Perella Weinberg's restructuring practice after the global advisory and asset management firm...