GO
Loading...

Investment Banking and Brokerage

More

  • July 23- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its quarterly profit jumped 46 percent from last year, driven by growth in its asset management business.

  • July 23- Brokerage and investment bank Raymond James Financial Inc's quarterly profit jumped 46 percent, driven by growth in its asset management business. Net income rose to $122.69 million, or 85 cents per share, for the third quarter ended June 30, from $83.86 million, or 59 cents per share, a year earlier.

  • July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.

  • July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.

  • ZURICH, July 22- Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.

  • NEW YORK, July 18- After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. For example, Morgan Stanley is looking at making more loans to energy producers and sell more commodity-linked products to retail investors, the sources told Reuters. Commodities trading was big for Morgan Stanley before the financial crisis.

  • July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • UPDATE 1-Higher investment gains boost Goldman profit Tuesday, 15 Jul 2014 | 8:19 AM ET

    July 15- Goldman Sachs Group Inc reported a better-than-expected 5 percent rise in second-quarter profit, driven by strong gains in equity investments and higher revenue from investment banking. The Wall Street bank earned $1.95 billion, or 4.10 per share, in the three months ended June 30, up from $1.86 billion, or $3.70 per share, in the same period a year earlier.

  • *Generali to book net loss of 100 mln euros from disposal. MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender.

  • MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender controlled by billionaire financier André Esteves.

  • NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

  • The SIPC is a corporate non-profit that administers a fund paid for by Wall Street to compensate investors if a brokerage firm collapses. In an unprecedented case, the SEC decided to take legal action against the fund and force SIPC to start court proceedings for victims to file claims.

  • *CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • MOSCOW, July 9- Wall Street bank JPMorgan Chase& Co is reducing equity market staff in Russia as business falls off in areas such as initial public offerings due to the Ukraine crisis, two financial sources said.

  • *Peers seek exit from Spain's alternative market. The supervision of Spain's alternative stock exchange Mercado Alternativo Bursatil, which was thrown into the spotlight by the case, falls under the responsibility of both the market operator Bolsas y Mercados Espanoles and the bourse watchdog Comision Nacional del Mercado de Valores.

  • Fund managers set their sights on unloved Japan Thursday, 3 Jul 2014 | 3:07 AM ET

    After what has been a difficult start to the year for Japanese equities, fund managers are now upping their allocations to the sector.

  • UPDATE 1-Fiber network company Zayo Group files for IPO Wednesday, 2 Jul 2014 | 5:44 PM ET

    July 2- Fiber network company Zayo Group Holdings Inc filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering. The Boulder, Colorado- based company listed Morgan Stanley, Barclays and Goldman Sachs as lead underwriters for the IPO.

  • NEW YORK, July 2- U.S. U.S. companies hired 281,000 workers in June, marking the biggest monthly increase since November 2012, the ADP National Employment Report showed. "It was an unassailably good number- you couldn't fault it," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate and Investment Bank in New York.

  • First-half investment bank fees at highest since 2007 Wednesday, 2 Jul 2014 | 11:51 AM ET

    *JPMorgan tops league table, earns fees of $3.4 bln. Global investment banking fees totalled $47.1 billion in the first six months of the year, compared to $42.2 billion last year, according to data from Thomson Reuters and Freeman Consulting. They were up 6 percent in the Americas and down 15 percent in Africa and the Middle East.