RICHMOND, Va.— Former House Majority Leader Eric Cantor has a new job as vice chairman and managing director of a global independent investment bank. New York- based Moelis& Company announced Cantor's appointment Tuesday in a news release. Moelis& Company has 15 offices in North America, South America, Europe, the Middle East, Asia and Australia.» Read More
TORONTO, Aug 28- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher third-quarter earnings on Thursday, extending a trend of buoyant capital markets boosting investment banking and trading profits at the country's big lenders.
TORONTO, Aug 28- Toronto-Dominion Bank reported a stronger-than-expected quarterly profit on Thursday, boosted by gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.
TORONTO, Aug 28- Toronto-Dominion Bank reported a higher quarterly profit on Thursday, boosted by strong gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.
*H1 revenue falls to $82.3 billion. LONDON, Aug 28- Revenue at the world's 10 largest investment banks fell 5 percent in the first half of the year, as continued weakness in fixed income trading departments outweighed a strong rebound in advisory services on deals, new data showed on Thursday.
TORONTO, Aug 26- Bank of Nova Scotia and Bank of Montreal posted higher third-quarter profits on Tuesday, benefiting from gains at their traditional Canadian lending arms as well as the impact of buoyant capital markets.
Michael Lucarelli, 51, was a director at Manhattan- based Lippert/Heilshorn& Associates Inc. when he made the illegal trades over the last year, prosecutors said as they announced 13 securities fraud charges. Lucarelli, wearing a tank top, slacks and sandals, was released on $500,000 bail after an initial appearance in federal court in Manhattan.
Bankers, traders and fund managers are practicing yoga in order to build their mental faculties and improve their ability to focus.
TORONTO, Aug 22- Canadian medical marijuana producer OrganiGram Inc is set to go public on Monday, its chief executive said, the second such firm to list on the venture exchange next week, highlighting investor appetite for a high-growth industry.
"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.
TORONTO, Aug 20- Canadian medical marijuana producer Bedrocan Cannabis Corp is set to go public on Monday, offering investors an alternative to Tweed Marijuana Inc in the nascent market, according to two sources familiar with the company's plans.
Aug 19- Brokerage firm Wedbush Securities rejected Financial Industry Regulatory Authority's charges, saying its risk management controls were consistent with the regulator's guidance.
Aug 18- Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Montag will continue to head the investment banking and capital markets businesses, the Bloomberg report said.
WASHINGTON, Aug 18- Wall Street's self-funded regulator on Monday charged brokerage firm Wedbush Securities with having shoddy risk controls, a flaw that in turn allowed thousands of traders to flood U.S. markets and execute manipulative trades.
NEW YORK, Aug 14- Owning just US $25 m of bonds may be all it takes to accelerate payments on US $30 bn of Argentina's restructured debt, if holders of a particularly small series of New York- law Pars decide to pull the trigger.
SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.
NEW YORK, Aug 5- Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled. Barclays won court approval to buy much of Lehman's brokerage business at a Sept. 19, 2008 hearing overseen by U.S.
SAO PAULO, Aug 4- Itaú BBA hired former Citigroup Inc banker Francisco Salas to head its investment banking unit in Mexico, as the Brazilian wholesale and investment bank seeks to expand financial advisory services in Latin America's second-largest economy.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
PARIS, July 31- BNP Paribas' capital markets business grew by a fifth in the second quarter- a signal clients have shrugged off the U.S. sanctions busting affair that pushed France's biggest bank to a second-quarter loss.
July 29- JPMorgan Chase& Co, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago and Dubai, according to the report.