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Investment Banking and Brokerage

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  • 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,...

  • CAR CARE PRODUCTS COMPANY ARMORED AUTOGROUP INC SPEAKING TO INVESTMENT BANKS ABOUT POSSIBLE IPO-SOURCES.

  • 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...

  • Oct 3- Bond star Bill Gross will commence his new gig at Janus Capital Group Inc with modest needs- a trader and someone to deal with clients- as he takes over a tiny fund with the hopes of making a big splash. "It's unlikely that Janus will ever match that level of support, raising the question of how successful Gross can be with fewer resources," Morningstar Inc analyst...

  • *JPMorgan is top-ranked bank for fees. LONDON, Oct 2- Increased deal activity in the first nine months of the year has netted investment banking advisers $68.8 billion in fees, 13 percent more than they earned a year earlier, new data showed on Thursday. The end of the third quarter featured Chinese e-commerce company Alibaba's $25 billion initial public offering,...

  • 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...

  • Schorsch's RCS Capital adds to private-REIT arsenal Wednesday, 1 Oct 2014 | 4:57 PM ET

    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...

  • JPMorgan to face US class action in $10B MBS case Tuesday, 30 Sep 2014 | 7:31 PM ET
    A man walks past JP Morgan Chase's corporate headquarters on August 12, 2014 in New York City.

    JPMorgan must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of mortgage-backed securities.

  • *Alibaba leads way with record share listing. LONDON/ HONG KONG, Sept 30- Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.

  • ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.

  • And the top investment bank in the first half is... Thursday, 25 Sep 2014 | 8:11 AM ET
    JPMorgan Chase headquarters in New York.

    JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.

  • LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.

  • Shanghai shares in highest close since March 2013 Wednesday, 24 Sep 2014 | 3:07 AM ET

    HONG KONG, Sept 24- Shanghai shares finished at their highest in more than 1-1/ 2 years on Wednesday, helped by brokerage firms which rose amid optimism over policy reforms. Among top CSI300 contributors, CITIC Securities leapt 3.5 percent, Haitong Securities put on 3.3 percent, and Changjiang Securities surged the maximum allowed 10 percent.

  • NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

  • NEW YORK, Sept 19- Merrill Lynch summarily fired two veteran brokers from its elite Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.

  • Icap exits Australian agricultural trading Thursday, 18 Sep 2014 | 3:31 AM ET

    SYDNEY, Sept 18- Interdealer broker Icap is withdrawing from direct trading in Australian agricultural and soft commodities with immediate effect, the head of the firm's unit in the country said on Thursday.

  • *Size $500 mln; order book about $1.5 billion. DUBAI, Sept 16- Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia.