NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.» Read More
NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.
The financial services sector is disrupting the status quo, reports CNBC's Julia Boorstin. And, Andrew Rachleff, Wealthfront president & CEO, explains how his company can offer clients the same services as big banks but at a lower cost.
NEW YORK, May 14- Mid-sized U.S. commodities brokerage INTL FCStone Inc said on Tuesday it plans to buy online commodities exchange Cleartrade Exchange in its first major push into Asia and a sign it wants to harness potential growth from regulatory reform. For INTL FCStone, the deal is its first big expansion into the burgeoning Asian market.
Aryeh Bourkoff, LionTree founder & CEO, discusses why there is an upswing in deal flow in the media sector, with CNBC's David Faber.
HONG KONG, May 13- Hong Kong shares suffered their worst loss in almost a month on Monday as Ping An Insurance fell sharply after regulators slapped a three-month ban on its brokerage unit for helping list a fraudulent Chinese company. The China Enterprises Index of the top Chinese listings in Hong Kong slid 2.1 percent.
HONG KONG, May 13- Hong Kong shares were knocked off a near three-month high on Monday with Ping An Insurance falling sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company.
HONG KONG, May 13- China shares posted a second loss in three sessions, as Ping An Insurance fell sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company. The CSI300 index of the leading Shanghai and Shenzhen A-share listings closed down 0.4 percent on Monday.
TOKYO, May 13- Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/ 2- year low against the U.S. currency.
*China due to post more April data in afternoon trade. HONG KONG, May 13- Hong Kong shares were knocked off a near three-month high on Monday as China's biggest underwriter by revenue, Ping An Insurance, fell sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company.
*Dish may face difficulty securing financing for Sprint bid. May 10- SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowledge of the matter.
The CFTC is prepared to adjust a new rule stemming from the Dodd-Frank financial reform law, a sign that the regulator might bow to industry criticism.
New York and Chicago- based Guggenheim has hired former Barclays head of investment banking for retail companies and vice chairman Andrew Taussig as well as managing directors Spencer Hart, Matthew Pilla, Ken Harada and Ryan Mash, the firm said in a press release last week.
May 7- Credit Suisse investment banker Sebastian Grigg has been appointed vice chairman of the bank's EMEA investment banking department after having spent six years at the helm of the company's UK investment banking team. Grigg, who began his career at Lazard, was hired by Credit Suisse in 2007 after having spent a decade at Goldman Sachs.
DUBAI, May 7- JPMorgan Chase Inc confirmed on Tuesday that its top banker for Saudi Arabia, Abdulaziz Al Helaissi, is leaving to take a position with Saudi Arabia's central bank.
Robbie DeRooy, who has worked in the advising industry for more than three decades, joined Morgan Stanley on Friday. Morgan Stanley Wealth Management, majority owned by Morgan Stanley and partially owned by Citigroup, is the largest U.S. brokerage by adviser headcount and client assets.
May 7- Telenet Group Holding NV:. *Espirito Santo Investment Bank cuts fair value to 28.35 euros from 36.25. For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
LONDON, May 7- British investment bank and stockbroker Numis Corp said its first half pretax profits more than tripled in the six months to March 31, thanks to improved market sentiment, especially in stock markets.
NEW YORK, May 6- Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who design portfolios for wealthy clients.
May 6- Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million and $50 million, according to court documents.
May 3- Swiss bank UBS AG's U.S. brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10 million or more in investable assets. Mathews takes over the role from Jason Chandler, who had been overseeing both the unit and the wider Americas force of roughly 7,000 brokers.