GO
Loading...

Investment Banking and Brokerage

More

  • HONG KONG, Dec 22- A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai- Hong Kong stock connect. "We are not participating...

  • NEW YORK, Dec 17- AdvisorHUB, a year-old gossip and news website for the brokerage industry, has become such a part of brokers' daily reading routine that some call it the " New York Post of financial news." It has posts that range from subjects like what the biggest brokerages are offering new hires to a rumor from readers alleging that Bank of America Corp's Merrill...

  • NEW YORK, Dec 18- Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920 s. Waldron, 45, will lead the investment banking business alongside existing co-heads Richard Gnodde and David Solomon.

  • NEW YORK, Dec 18- John S. Weinberg, whose family has been in the senior echelons of Goldman Sachs since the 1920 s, is moving from his position overseeing the investment banking division to a firmwide client development role, the bank said on Thursday. John E. Waldron has been promoted to replace Weinberg as a third co-head of investment banking, along with Richard...

  • SAO PAULO, Dec 17- Grupo BTG Pactual SA's Chilean unit obtained a permanent banking license to operate in the country on Wednesday, allowing Latin America's largest independent investment bank to start operations in Chile by the end of January. In a statement, BTG Pactual said the unit, known as Banco BTG Pactual Chile, wanted a full banking license in Chile to "grow...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • UPDATE 1-Jefferies in talks to sell futures business Tuesday, 16 Dec 2014 | 9:33 AM ET

    Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly net loss and said it was in talks to sell its futures brokerage. Jefferies bought the business, formerly known as Prudential Bache, from Prudential Financial Inc in 2011 for $430 million to expand into a full-fledged investment bank. Leucadia, which models itself on...

  • Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly loss and said it was exploring strategic alternatives for its futures-brokerage unit. Net loss attributable to the company was $92.4 million for the fourth quarter ended Nov. 30, compared with a profit of $109.9 million a year earlier, the company said on Tuesday.

  • Dec 15- The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc. Trustee James Giddens, who has been seeking to recoup money for the brokerage's creditors, said lower court rulings granting margin assets...

  • HONG KONG, Dec 15- Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. The first Chinese purchase of a European investment bank was announced this week, with Haitong Securities agreeing to pay 379 million euros for an investment...

  • FINRA fines 10 banks over Toys R Us IPO conduct Thursday, 11 Dec 2014 | 12:29 PM ET

    Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., and JPMorgan Chase& Co. were fined $5 million each. Deutsche Bank AG, Bank of America Corp., Morgan Stanley and Wells Fargo& Co. were each fined $4 million and Needham& Co. was fined $2.5 million. JPMorgan Chase, Goldman Sachs, Bank of America, Credit Suisse, Deutsche Bank, Morgan Stanley and...

  • *Deutsche Bank retains its rankings in league tables. FRANKFURT, Dec 9- Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors. Germany's flagship lender is holding its ground against U.S. leaders such as JP Morgan and Goldman Sachs in revenues, but its returns are...

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...

  • JPMorgan continues run as top ranked investment bank Thursday, 4 Dec 2014 | 6:59 PM ET

    LONDON, Dec 5- U.S. bank JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date, new data showed on Friday. The only European bank to make the top three was Deutsche Bank, which shared third place with Citigroup and Bank of America Merrill Lynch.

  • SHANGHAI/ HONG KONG, Dec 4- Chinese brokerage Haitong Securities Ltd is in talks to buy Portuguese bank Banco Espirito Santo's investment banking unit as Chinese finance firms snap up more overseas assets to try to offset slowing growth at home. A purchase of the bailed-out Portuguese lender's unit would be Haitong's first acquisition outside China and Hong...

  • Meet Hong Kong's oldest stockbroker  Thursday, 27 Nov 2014 | 8:33 PM ET
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange.

    The oldest stockbroker in Hong Kong may have made his fortune in the city, but he thinks the future lies in Shangai. CNBC's Eunice Yoon reports.

  • SHANGHAI, Nov 27- China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan was added to brokerage accounts in the first...

  • WASHINGTON, Nov 20- Brokerage firm Wedbush Securities will pay a $2.44 million penalty and admit to wrongdoing to settle civil charges over shoddy risk controls that let thousands of overseas traders gain access to U.S. markets, federal regulators said. Wedbush's settlement with the U.S. Securities and Exchange Commission on Thursday was widely anticipated...