Investment Banking and Brokerage


  • 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,...


  • Ex-broker gets nearly 3 years in Broadway scam Friday, 10 Oct 2014 | 12:37 PM ET

    NEW YORK— A once high-flying stockbroker who admitted conning the producers of Broadway' s "Rebecca" was sentenced Friday to nearly three years in prison as one of the show's top producers looked on. He did a terrible thing, "producer Ben Sprecher said outside court after watching Mark Hotton's sentencing. Hotton, 48, had pleaded guilty to charges that he made false...

  • Oct 10- Blackstone Group LP said it would spin off its M&A, restructuring and private equity fundraising advisory businesses to avoid conflicts, combining them with the advisory firm of Morgan Stanley investment banking veteran Paul Taubman. Blackstone's advisory businesses being spun out account for a tiny fraction of the New York firm's earnings,...

  • *Glencore approached Rio Tinto about a merger in July. *Rio says no talks with Glencore after rejecting bid. MELBOURNE/ LONDON, Oct 7- Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.

  • LONDON, Oct 6- Britain has given its banks three months to show how they plan to protect their retail customers from riskier parts of their operations. The changes, which will come into effect by 2019, mean that banks must submit preliminary plans by Jan. 6, 2015, the Bank of England said on Monday. The BoE, whose Prudential Regulation Authority arm regulates banks...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...