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Diversified Financials Capital Markets

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • Deutsche Bank

    Bordier & Cie's Bryan Goh warns that Deutsche Bank's troubles might affect its CoCo bond coupons payments and lock it out of the CoCo bond market.

  • BEIJING, Sept 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $81.74 billion at end-September, from $81.48 billion in August, the foreign exchange regulator said on Friday.

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay over $400 million and Chief Executive Officer Daniel S. Och will pay another $2.2 million to resolve civil and criminal charges related to bribing officials in several African countries, U.S. prosecutors and regulators said on Thursday. As part of a deal with the Justice Department, Och-Ziff...

  • NEW YORK, Sept 29- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government bailout is not out of the question. Earlier on Thursday, the U.S.-traded shares hit a record low. Gundlach, who oversees more than $100 billion at Los Angeles- based DoubleLine,...

  • *OPEC deal boosts energy shares, drugmakers down. LONDON, Sept 29 (Reuters)- European shares ended flat on Thursday as losses among drugmakers offset energy share gains following an OPEC deal to cut output, while Commerzbank slid after the German lender froze dividend payments. Ronny Claeys, senior strategist at KBC Asset Management, said the OPEC agreement was...

  • The twice-annual Billion Dollar Club report, released on Thursday, showed a decline of nearly 7 percent, or $132 billion, to July 2016 from a year ago. Firms including Och-Ziff Capital Management Group LLC, BTG Pactual Asset Management, York Capital Management, Pershing Square Capital Management and J.P. Assets for the Billion Dollar Club have fallen over the...

  • LONDON, Sept 29- Mark Lyttleton, a former fund manager at the UK division of asset manager BlackRock Inc, has been charged with insider dealing by Britain's markets regulator. The Financial Conduct Authority said on Thursday it had charged 45- year-old Lyttleton with three counts of insider dealing relating to trading in equities and a call option between...

  • NEW YORK, Sept 29- The Federal Reserve and Bank of Japan's actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns. The funds had a rough 2015 when volatility spiked because of concerns about China's economy and tumbling oil prices, prompting investors to...

  • Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia in response to a slowdown in activity in the region.

  • Bill Ackman

    The billionaire investor's portfolios were boosted by strong gains at drug company Valeant Pharmaceuticals.

  • Deutsche Börse

    Deutsche Börse Executive Board member Jeffrey Tessler says the merger is a positive for Europe as it's focused on driving growth in the region.

  • China Outbound Investment

    Chinese outward investments could hit $150 billion this year and some rejections were to be expected, says American Enterprise Institute's Derek Scissors.

  • Morgan Stanley HQ

    A participant in Morgan Stanley's retirement-savings plan sued Friday, alleging its investment options are poor, including some funds the bank runs.

  • There's still time yet to set up the Shenzhen-HK Stock Connect in 2016, Charles Li told CNBC.

  • Brexit Asia

    While Brexit's impact on Asia might be limited, it will affect Asian financial centers such as Hong Kong and Singapore the most, says Jefferies' Sean Darby.

  • Banks Stress Test

    The Fed will not be raising rates this year, so U.S. banks won't be earning more on net interest margins, says Wedbush Equity Mgmt's Steve Massocca.