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Diversified Financials Capital Markets

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  • March 10- A new trading exchange for derivatives is loosening the stranglehold that the world's biggest investment banks have on the multi-trillion dollar market in a crucial test of financial reforms that attempt to reduce systemic risks. The year-old trading venue, trueEX Group LLC, surprised many on Wall Street when it had nearly 20 percent of the trades in...

  • NEW YORK, March 9- U.S. prosecutors have concluded that a former Wyoming Retirement System chief investment officer's insider trading guilty plea is no longer valid following a major appellate ruling limiting the ability of authorities to prosecute insider trading cases. Prosecutors in a letter filed on Friday in Manhattan federal court said they believed...

  • NEW YORK, March 9- U.S. prosecutors have concluded that a former Wyoming Retirement System chief investment officer's insider trading guilty plea is no longer valid following a major appellate ruling limiting the ability of authorities to prosecute insider trading cases. Prosecutors in a letter filed on Friday in Manhattan federal court said they believed...

  • HONG KONG, March 9- Hong Kong shares finished mixed on Monday after the Chinese securities regulator said that banks may be able to enter the brokerage business. Despite the bank-led rally that left both major mainland bourses up over 1.5 percent, Hong Kong's Hang Seng index ended slightly lower. "The news benefited mainland banks as they could expand their...

  • Investment bank China International Capital Corp said in a report on Monday that Bank of Communications and Industrial Bank Co Ltd will likely become the first lenders to be awarded brokerage licenses in China. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.7 percent, while the Shanghai Composite Index jumped 1.9 percent.

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • NEW YORK, March 6- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, has cut about 20 jobs in its commodities futures brokerage in New York and Chicago, three sources familiar with the cuts said on Friday. People affected by the move were let go on Thursday, the sources told Reuters, in what was described as a sweep that affected employees who...

  • UPDATE 4-At long last, Dow gets a taste for Apple Friday, 6 Mar 2015 | 11:47 AM ET

    NEW YORK, March 6- Apple Inc, the largest U.S. company by market value, will join the storied Dow Jones industrial average, replacing AT&T Inc, in a change that reflects the dominant position of iPhone maker in the U.S. economy and society. "This is a sign of the times, and it might get everyone to look at the Dow more than they have been," said Richard Sichel, who oversees $2...

  • NEW YORK, March 6- Apple Inc, the largest U.S. company by market value, will join the storied Dow Jones industrial average, replacing AT&T Inc, in a change that reflects the dominant position of iPhone maker in the U.S. economy and society. "This is a sign of the times, and it might get everyone to look at the Dow more than they have been," said Richard Sichel, who oversees $2...

  • Are EU capital markets getting US makeover? Monday, 23 Feb 2015 | 5:40 AM ET
    Are EU capital markets getting US makeover?

    Is Europe moving closer to a U.S. style model in terms of capital markets? Huw Pill, chief European economist and co-head of the economics team at Goldman Sachs, gives his thoughts.

  • Ex Goldman chair, Reagan official Whitehead dies Saturday, 7 Feb 2015 | 12:53 PM ET

    John Whitehead, a former co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm, has died.

  • Blackstone 4th-quarter earnings drop 6 percent Thursday, 29 Jan 2015 | 10:13 AM ET

    Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • BlackRock's earnings beat Wall Street estimates Thursday, 15 Jan 2015 | 7:44 AM ET
    Larry Fink, Chairman and CEO of BlackRock.

    BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.

  • Vanguard execs issue warning on risks of deflation Friday, 9 Jan 2015 | 7:26 AM ET

    Executives at Vanguard Group warned that deflation is a real risk for the global economy while downplaying inflation concerns for the United States.

  • Most of Bill Gross's Janus money came from... Thursday, 8 Jan 2015 | 6:49 AM ET
    Bill Gross

    More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.

  • Choppy markets to see IPOs pulled? Tuesday, 6 Jan 2015 | 2:25 AM ET
    Choppy markets to see IPOs pulled?

    John West, ECM editor at Mergermarket / Dealreporter, discusses whether volatile markets will push companies to pull their initial public offerings.

  • Hedge fund founder, 70, slain in NYC apartment Monday, 5 Jan 2015 | 8:43 AM ET

    A 70- year-old hedge fund founder has been shot dead in his New York apartment.

  • Top Chinese PE firm: Sectors we're bullish on Sunday, 30 Nov 2014 | 5:49 PM ET
    Top Chinese PE firm: Sectors we're bullish on

    Despite slowing growth in China, Wang Chao Yong, Chairman and CEO at China Equity Group, explains why he's still positive on domestic prospects.

  • Third Point steps up pressure on Dow Chemical Thursday, 13 Nov 2014 | 7:29 PM ET

    Hedge fund Third Point is considering launching a proxy contest at Dow Chemical after negotiations over board seats broke down on Thursday.