Investment Banking and Brokerage


  • ZURICH, Oct 23- Credit Suisse reported stronger-than-expected third quarter profits on Thursday, bolstered by its investment bank, which benefited from a rise in bond-trading and fees from the multi-billion dollar listing of China's Alibaba. This marks a return to profit for the Zurich- based bank after it reported its biggest loss since the financial crisis...

  • *China, HK fees account for 55 pct of AsiaPac region in 2014. HONG KONG, Oct 23- Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China- a sign of how Beijing's reforms are transforming private capital's role in the world's second-largest economy. Private firms are also...

  • Morgan Stanley's income nearly doubles Friday, 17 Oct 2014 | 7:49 AM ET

    NEW YORK— Morgan Stanley's third-quarter net income nearly doubled, helped by strength in its institutional securities and wealth management divisions. Morgan Stanley had a large increase in pre-tax income for its institutional securities business, which includes the firm's prime brokerage, trading and investment banking divisions.

  • Oct 17- Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Morgan Stanley's shares rose 5.7 percent to $34.40 in premarket trading on Friday. The stable fee income Morgan Stanley receives for advising individuals on their...

  • Goldman Sachs 3Q EPS beats Street     Thursday, 16 Oct 2014 | 7:54 AM ET

    Marty Mosby, Vining Sparks, breaks down the big bank's quarterly numbers as shares drop after reporting Q3 results.

  • Goldman tops Wall Street 3Q forecasts Thursday, 16 Oct 2014 | 7:42 AM ET

    NEW YORK— Goldman Sachs said its third-quarter profit jumped 48 percent as revenue from trading bonds and currencies rose. The investment bank, based in New York, posted quarterly revenue of $8.39 billion, up 25 percent over the same period last year and topping Wall Street's forecasts. Goldman Sachs Group's shares have fallen slightly since the beginning of...

  • JGBs gain on global growth scare, yields at 1-1/2-yr low Wednesday, 15 Oct 2014 | 11:07 PM ET

    TOKYO, Oct 16- Japanese government bond prices nudged up on Thursday due to rising global growth concerns, pushing the benchmark 10- year yield to the lowest level in a year and a half. The move reflected flight-to-quality buying of bonds in the United States and Europe as investors grew wary of possible loss of momentum in the global economy.

  • Brokers stick to "wait it out" script as markets plunge Wednesday, 15 Oct 2014 | 4:45 PM ET

    NEW YORK, Oct 15- The stock market quaked on Wednesday after a week of tremors, but financial advisers and stockbrokers stuck largely to their scripts. "We've preconditioned people not to get spooked too much on short-term movement," Mike Frazier, president of Bedell Frazier Investment Counseling in Walnut Creek, California said Wednesday morning as the Dow...

  • The Tehran Stock Exchange is "the last, large untapped emerging market in the world", said Ramin Rabii, managing director of Turquoise Partners, a Tehran- based investment firm with around $200 million of assets under management. Talks between Iran and world powers in Vienna this week aim to reach a deal on Tehran's disputed nuclear programme.

  • We hire young kids to hack us: BlackRock CEO     Wednesday, 15 Oct 2014 | 7:11 AM ET

    We are spending a great deal of time ensuring our clients information is protected, says Laurence Fink, BlackRock chairman & CEO, discussing what his company is doing to protect itself from cyberattacks.

  • Don't believe AIG has a case: Fink     Wednesday, 15 Oct 2014 | 7:08 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on former AIG CEO Hank Greenberg's lawsuit against the U.S. government and Lehman Brother's solvency.

  • Fed behind the curve: Fink     Wednesday, 15 Oct 2014 | 7:02 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on the likelihood of additional QE by the Federal Reserve and why an increase in rates will help the economy.

  • BlackRock CEO: There's a shortage of bonds     Wednesday, 15 Oct 2014 | 6:52 AM ET

    Laurence Fink, BlackRock chairman & CEO, shares his thoughts on fixed income investments and Pimco's challenges. We are winning market share, says Fink.

  • Laurence Fink, BlackRock chairman & CEO, says if the Federal Reserve does not raise rates it could harm the world economies.

  • CNBC's Becky Quick and Laurence Fink, BlackRock chairman & CEO, talk about market volatility, lower oil prices and why he is optimistic over the current melt down.

  • We are barometer of world markets: BlackRock CEO     Wednesday, 15 Oct 2014 | 6:32 AM ET
    Larry Fink

    CNBC's Becky Quick talks with Laurence Fink, BlackRock chairman & CEO, about the company's earnings beat and its outlook on growth.

  • Oct 14- JPMorgan Chase& Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. JPMorgan, the biggest U.S. bank, also reported higher-than-expected operating costs, with compensation, technology and marketing...

  • Oct 14- LPL Financial LLC, a unit of brokerage firm LPL Financial Holdings Inc, has agreed to reimburse more than half a million dollars to investors to settle complaints over switching annuities, a securities regulator said on Tuesday. LPL Financial acknowledged that certain annuity-switch transactions were conducted without disclosing fees for cashing...

  • Oct 14- JPMorgan Chase& Co reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank, confirming figures leaked earlier on an investment website, said it recorded net income of $5.6 billion, or $1.36 per share,...

  • Britain's ring-fence a new hurdle for bank directors Sunday, 12 Oct 2014 | 4:00 AM ET

    LONDON/ DUBLIN, Oct 12- Britain's major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes. Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to ring fence their retail units from their wholesale operations,...