NEW YORK, Oct 1- RCS Capital Corp, which has amassed an army of almost 10,000 independent brokers in just over a year, said on Wednesday it is buying a firm that manages private real estate investment trusts for retail investors. RCS, whose executive chairman is Nicholas Schorsch, will pay at least $700 million in cash or stock and debt to buy Cole Capital from...» Read More
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
A quiet day of trading as the markets slowly approach 5-year highs; the meningitis outbreak grows; Huawei fires back at the U.S. and the IMF slashes forecasts for global economic growth.
Once the dregs of the U.S. economy, beleaguered mortgage banks are becoming more attractive as the home sector claws back from a depression, an analyst said Monday.
New financial advisory firms are popping up around the U.S., as veteran brokers leave big firms to build their own. These 10 are startup hotbeds.
CNBC's Mary Thompson reports Goldman Sachs is replacing CFO David Viniar, with incoming officer, Harvey Schwartz.
Mark Zuckerberg gives his first interview since the Facebook IPO; Ex-JCP exec joins the GAP; Steve Wynn releases a scathing statement on Joe Francis and Ford may soon have a CEO succession plan.
Deutsche Bank unveiled a new plan on Tuesday to survive in a less profitable investment banking world, saying it would aim for 4.5 billion euros in annual savings by 2015, and move 125 billion euros in assets to a non-core unit.
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Former chair of the FDIC, Sheila Bair, continues her discussion on regulations; the future of the euro; and whether the Fed will be able to deal with inflation.
Former chair of the FDIC, Sheila Bair, discusses how Dodd-Frank legislation gave regulators a process to deal with insolvent banks and weighs in on whether TARP worked.
Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation, the FT reports.
Nokia and Motorola unveil new mobile phones; buzz is building for Amazon’s announcement tomorrow.
Mark Shafir, Citigroup co-head global mergers & acquisitions, discusses where bankers are looking to find deal flow outside of the nation's borders.
Deutsche Bank has become the first global bank to introduce rules allowing it to strip staff of bonuses they earned at previous employers in the latest crackdown on pay. The FT reports.
Almost a third of UK-based investment bankers would rather work in Singapore, according to a survey that predicts that the center of gravity in the financial sector will shift towards Asia in the next decade. The FT reports.
The euro zone debt crisis is showing signs of reaching a solution and investors should be upgrading their outlook on U.K. banks, according to investment firm Liberum Capital.
A new round of 13-f’s reveals the moves some of the biggest investors are making; the NY Times gets a new CEO and NPD says restaurant traffic is stalling.
Groupon falls to new lows after revenue falls short of estimates; a casino mogul faces inquiries regarding his China dealings and the Redbox founder leaves Coinstar.
A mixed day for the markets; ManU prices its IPO; Yahoo CEO makes her first big move; videogame sales fall again and Ikea reveals what its brand is worth.
Monster Beverage falls 13% after an earnings miss; News Corp drops after missing earnings; Zynga’s COO leaves the company and Yahoo begins its makeover.