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Investment Banking and Brokerage

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  • DEUTSCHE BANK PLAN TO BECOME INVESTMENT BANK/CORPORATE LENDER DROPPED AFTER ECB STRESS TESTS- SOURCES.

  • FRANKFURT, Germany— Deutsche Bank says net profit fell to 559 million euros in the first quarter as legal penalties ate into stronger revenues from trading stocks and bonds. Last week the bank said that it had agreed to pay penalties of $2.175 billion to the U.S. Justice Department, the Commodity Futures Trading Commission and the New York Department of...

  • FRANKFURT, April 25- If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Germany's flagship lender comes late to restructuring after European rivals such as Barclays and Credit...

  • FRANKFURT, April 24- Deutsche Bank will cut back investment banking, sell its Postbank retail chain via a public share offering and reduce costs, the group said late on Friday, in a restructuring plan designed to boost profits. Germany's largest bank is under pressure to revive its performance as new regulations, legal headaches and weak markets eat into returns...

  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • Hold Bank of America accountable: Analyst Friday, 24 Apr 2015 | 9:13 AM ET
    Bank of America

    Shareholders should throw out Bank of America's corporate governance board after it promoted CEO Brian Moynihan to chairman, analyst Mike Mayo tells CNBC.

  • FRANKFURT, April 24- Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability. The strategy decision, which may be announced as early as Friday evening, takes place under a cloud after U.S. and British authorities on Thursday imposed...

  • Greenhill posts 1Q profit Thursday, 23 Apr 2015 | 5:21 PM ET

    NEW YORK _ Greenhill& Co. on Thursday reported net income of $7.6 million in its first quarter. The bank, based in New York, said it had earnings of 25 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • Janus CEO: Bill Gross 'well on his way'   Thursday, 23 Apr 2015 | 8:32 AM ET
    Janus CEO: Bill Gross 'well on his way'

    Richard Weil, Janus Capital CEO, discusses the company's earnings beat, and hiring former Pimco bond king Bill Gross.

  • FRANKFURT, April 23- Deutsche Bank faced a multi-billion-dollar fine on Thursday as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London- based subsidiary to manipulate interest rate benchmarks. Deutsche Bank is likely to pay more than $2 billion to U.S. and British authorities over the attempted...

  • *China wealth market now bigger than Germany for UBS-Zeltner. HONG KONG, April 21- Swiss bank UBS is looking to grow wealth assets in Asia-Pacific to the tune of 15 percent annually as it builds its presence in China and consolidates its leading position in the region. The main driver of growth in Asia was undoubtedly Chinese wealth, with China now representing UBS'...

  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • April 21- Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge. Boutique investment banks such as Allen& Company, Centerview Partners and Paul Taubman's PJT Partners have limited resources...

  • ZURICH, April 21- Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs from 859 million francs last...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • Euro slips against dollar on Greece default worries. NEW YORK, April 20- Equity markets snapped back on Monday after China took steps to stimulate its economy, while the euro weakened amid worries about Greece and oil rose on Middle East tension. The dollar rose as the euro slid against the greenback amid gathering concerns Greece could default on its debt or...

  • *Euro slips against dollar on Greece default worries. NEW YORK, April 20- Global equity markets snapped back on Monday from a worldwide decline the previous session on China's steps to stimulate its economy and solid corporate earnings, while the euro weakened amid worries that Greece may default. "What's helped the market today is the story about more stimulus...

  • April 20- Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities. The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank...

  • Morgan Stanley reports strong Q1 beat   Monday, 20 Apr 2015 | 8:26 AM ET
    Morgan Stanley reports strong Q1 beat

    CNBC's Mary Thompson breaks down Morgan Stanley's quarterly results.