Diversified Financials Capital Markets

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  • *Private placements up 450 pct YoY in Shanghai in Oct/Nov. Newly announced private placements- high-yielding bonds sold directly to institutional investors in one-to-one deals- were more than 60 billion yuan in November on the Shanghai exchange alone, more than the total new corporate debt issued in both Shanghai and Shenzhen as recently as April.

  • Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the Miami area's flagship vacation destination, according to public securities filings made this month and to people familiar with the situation. Tepper, 58, a former Goldman Sachs junk bond trader who is worth an estimated $11.6 billion according to Forbes magazine,...

  • Jan 21- JPMorgan Chase& Co has joined other Wall Street banks in telling its investment bankers to improve their work-life balance by taking weekends off. But the issue of work-life balance has intensified in recent years following the death in 2013 of a Bank of America Merrill Lynch intern who allegedly had worked 72 hours without sleep. JPMorgan's...

  • *Bank to close Asia cash equities business- memo. HONG KONG, Jan 21- Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns. Barclays will shut its investment banking businesses in countries including Australia,...

  • But he is far from alone among Republican candidates in having a financial relationship with the Wall Street investment bank in recent years. Last week, the New York Times reported that Cruz, whose wife Heidi Cruz is on leave from her job as a managing director at Goldman's wealth management arm, had borrowed as much as $500,000 from Goldman to help him in his...

  • *Bank to close Asia cash equities business- memo. HONG KONG, Jan 21- Barclays will slash around 1,000 jobs in its investment banking business worldwide and completely exit from cash equities in Asia as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns. Barclays will shutter its investment banking businesses in countries...

  • *Bank to close Asia cash equities business- memo. HONG KONG, Jan 21- Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide on Thursday which would result in a complete exit from cash equities in Asia, an internal memo showed, as new Chief Executive Jes Staley wields the axe in a bid to slash costs and boost returns.

  • HONG KONG, Jan 21- Barclays is closing investment banking units in Australia and Russia, as well as Asian countries such as Indonesia and Thailand, as part of a review of global operations, it said in an internal memo to staff on Thursday. The London- based lender is also cutting its onshore markets coverage in Brazil and cash equities sales and execution businesses...

  • BOSTON, Jan 20- For some of the hedge fund industry's titans, including Nelson Peltz and William Ackman, 2016 is starting with heavy losses as big bets on General Electric, Valeant, and Mondelez have been battered by the market's abrupt drop. Peltz's Trian Fund Management lost nearly 10 percent in the first two weeks of 2016 while Ackman's Pershing Square Holdings,...

  • NEW YORK, Jan 20- U.S. money market fund assets declined by $13.56 billion to their lowest level in over two months at $2.747 trillion in the week ended Jan 19, as taxable fund yields rose for a second straight week, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $11.43 billion to $2.492 trillion, while tax-free assets...

  • LONDON/ NEW YORK, Jan 20- For anyone looking to make money in financial markets over the next few years, the recent activity of some leading hedge funds does not bode well. A Reuters survey of 57 hedge fund managers, executives and asset allocators from across Asia, Europe, Africa and the Americas showed nearly half thought more funds would exit the market in one form...

  • Jan 19- MetLife Inc, the largest U.S. life insurer, said it has formed a real estate investment venture with New York State Common Retirement Fund, the third-largest U.S. public pension fund. The venture's initial investment portfolio, which will be managed by MetLife Investment Management, comprises seven properties valued at more than $1.4 billion, the company...

  • SAO PAULO, Jan 19- Brazilian investment bank Grupo BTG Pactual SA's ability to generate deal flow remains unscathed despite fallout from the November arrest of founder André Esteves, with management expecting recurring revenue to rise this year and clients to pour money into its funds. The outlook for revenue from sales and trading, investment banking and...

  • MADRID/ LONDON Jan 19- Barclays is selling its credit card operations in Spain and Portugal, and Spanish bank Santander and U.S. private equity firm Apollo are among the interested parties, according to four sources familiar with the matter. It has already sold its retail and corporate banking divisions in Spain and Portugal as part of a drive to shrink its...

  • SAO PAULO, Jan 19- Grupo BTG Pactual SA posted a decline in fourth-quarter unaudited net income as provisions, charges and operating expenses surged in the wake of the arrest of founder Andre Esteves in November. Sao Paulo- based BTG Pactual posted net income of 1.23 billion reais, down from 1.51 billion reais in the third quarter, it said in a statement on Tuesday.

  • Companies in Asia are beginning to take heed as boardroom indifference to issues like minority shareholder rights and the environment is giving way to stronger corporate governance that seeks to satisfy all stakeholders. Seven of the 13 additions to the index last year were from Asia. "A company's willingness and ability to address ESG issues relevant to its...

  • EXCLUSIVE-YETI COOLERS LLC HIRES INVESTMENT BANKS FOR INITIAL PUBLIC OFFERING- SOURCES.

  • LONDON, Jan 18- JPMorgan has bolstered the senior management team at its European investment bank as it seeks to increase its advisory business amid a buoyant M&A market, according to a memo seen by Reuters on Monday. Isabelle Seillier will become vice chairman of EMEA investment banking, nurturing clients from her previous roles as head of financial...

  • *China slowdown puts question mark over its Asia "pivot" plan. But for investors, analysts and some HSBC executives, the real debate underlying this decision is whether it wants to continue to be a global corporate lending giant with a large investment banking and trading business or become a simpler, Asia- focused trading and retail bank. Otherwise it should...

  • LONDON, Jan 18- Swiss asset manager GAM Holding AG is looking at potential deals in the United States and Asia, and in strategies including credit, global equities and systematic trading, its chief executive said on Monday. Speaking on the sidelines of the LSE SU Alternative Investments Summit in London, Alexander Friedman said the firm was open to buying in...