Investment Banking and Brokerage
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May 22- Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage.
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May 22- Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage.
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Gary Parr, Lazard vice chairman, explains why he is concerned about the fate of charitable giving.
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Gary Parr, Lazard vice chairman, discusses how investor activism impacts corporate governance; and explains how regulations and stricter capital controls are impacting big banks.
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May 22- Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
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ARLINGTON, Va.-- Shares of FBR& Co. rose Tuesday after the investment bank opened a modified "Dutch auction" tender offer to buy up to 1.25 million shares, or about 10.6 percent, of its outstanding common stock. The stock will be purchased for between $22.50 and $23.50 per share. FBR shares rose $1.39, or 6 percent, to $23.39 in afternoon trading.
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All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
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NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.
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The financial services sector is disrupting the status quo, reports CNBC's Julia Boorstin. And, Andrew Rachleff, Wealthfront president & CEO, explains how his company can offer clients the same services as big banks but at a lower cost.
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NEW YORK, May 14- Mid-sized U.S. commodities brokerage INTL FCStone Inc said on Tuesday it plans to buy online commodities exchange Cleartrade Exchange in its first major push into Asia and a sign it wants to harness potential growth from regulatory reform. For INTL FCStone, the deal is its first big expansion into the burgeoning Asian market.
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Aryeh Bourkoff, LionTree founder & CEO, discusses why there is an upswing in deal flow in the media sector, with CNBC's David Faber.
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HONG KONG, May 13- Hong Kong shares suffered their worst loss in almost a month on Monday as Ping An Insurance fell sharply after regulators slapped a three-month ban on its brokerage unit for helping list a fraudulent Chinese company. The China Enterprises Index of the top Chinese listings in Hong Kong slid 2.1 percent.
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HONG KONG, May 13- Hong Kong shares were knocked off a near three-month high on Monday with Ping An Insurance falling sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company.
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HONG KONG, May 13- China shares posted a second loss in three sessions, as Ping An Insurance fell sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company. The CSI300 index of the leading Shanghai and Shenzhen A-share listings closed down 0.4 percent on Monday.
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TOKYO, May 13- Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/ 2- year low against the U.S. currency.
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*China due to post more April data in afternoon trade. HONG KONG, May 13- Hong Kong shares were knocked off a near three-month high on Monday as China's biggest underwriter by revenue, Ping An Insurance, fell sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company.
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*Dish may face difficulty securing financing for Sprint bid. May 10- SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowledge of the matter.
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The CFTC is prepared to adjust a new rule stemming from the Dodd-Frank financial reform law, a sign that the regulator might bow to industry criticism.
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New York and Chicago- based Guggenheim has hired former Barclays head of investment banking for retail companies and vice chairman Andrew Taussig as well as managing directors Spencer Hart, Matthew Pilla, Ken Harada and Ryan Mash, the firm said in a press release last week.
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May 7- Credit Suisse investment banker Sebastian Grigg has been appointed vice chairman of the bank's EMEA investment banking department after having spent six years at the helm of the company's UK investment banking team. Grigg, who began his career at Lazard, was hired by Credit Suisse in 2007 after having spent a decade at Goldman Sachs.
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DUBAI, May 7- JPMorgan Chase Inc confirmed on Tuesday that its top banker for Saudi Arabia, Abdulaziz Al Helaissi, is leaving to take a position with Saudi Arabia's central bank.