*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'...» Read More
*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...
CNBC's Mary Thompson breaks down Morgan Stanley's quarterly results.
April 20- Wall Street investment bank Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities. Adjusted revenue from equities sales and trading rose 33 percent to $2.27 billion, meaning that Morgan Stanley lost its lead in the business over Goldman Sachs Group Inc, which...
LONDON, April 17- Worldwide dealmaking in the technology, media and telecoms sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals worth $245.8 billion have been struck globally in TMT, accounting for a combined 23 percent of worldwide M&A...
Eric Wasserstrom, Guggenheim Partners, breaks down the areas where banks are improving profits, and provides his outlook on financials for the next several quarters.
The turnaround in big banks is going on as expected, says Gerard Cassidy, RBC Capital Markets, breaking down Citigroup's quarterly results.
Marty Mosby, Vining Sparks, breaks down Goldman Sachs' quarterly numbers.
NEW YORK— Goldman Sachs says its first-quarter net income jumped as its investment banking unit logged its best quarter since the financial crisis. The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. The results beat the expectations of Wall Street analysts, who had forecast per share of $4.26 and revenue of $9.4 billion.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's business strategy. The whole world economy is shifting now, say Schwarzman.
Steve Schwarzman, Blackstone chairman & CEO, weighs in on Blackstone's acquisition of General Electric's real estate assets.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's quarterly results. When we buy something, we buy them to improve them, says Schwarzman.
Larry Fink, BlackRock chairman & CEO, weighs in on fixed income investing.
Larry Fink, BlackRock chairman & CEO, highlights the need for a long-term tax policy.
Larry Fink, BlackRock chairman & CEO, explains why companies need to focus on a long-term strategy.
Larry Fink, BlackRock chairman & CEO, explains why he is optimist about European equities, thinks the U.S. dollar is too expensive, and shares his thoughts on stock buybacks.
Larry Fink, BlackRock chairman & CEO, shares his thoughts on where oil prices are likely headed.
Larry Fink, BlackRock chairman & CEO, shares his thoughts on how low interest rates are driving investors to stocks.