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Investment Banking and Brokerage

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  • BUENOS AIRES, March 30- Argentina is closing in on a deal to receive around $1 billion in loans from investment bank Goldman Sachs and is in talks with other international banks about similar deals, local newspaper Pagina/12 reported on Sunday.

  • Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth fund, has been interviewing investment banks in the last few weeks to hire underwriters for an IPO, the sources said on Thursday.

  • Ares Management prepares to file for IPO -sources Thursday, 27 Mar 2014 | 5:40 PM ET

    March 27- Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, according to two people familiar with the matter. JPMorgan Chase& Co and Bank of America Corp will be among the underwriters, they added.

  • Was Citi the Fed's sacrificial lamb? Thursday, 27 Mar 2014 | 11:17 AM ET

    The Fed said it rejected Citi's capital plan over worries about how it would fare in a financial crisis, but not everyone is sure that's the only reason.

  • Cramer on Citi: 'They were very cocky' Thursday, 27 Mar 2014 | 9:27 AM ET

    Citigroup is still "too big to fail" now that the Fed rejected its dividend and stock buyback plan, CNBC's Jim Cramer says.

  • March 25- Private equity firm Carlyle Group LP on Tuesday named as co-president and co-chief operating officer JPMorgan Chase& Co's Michael Cavanagh, who had been considered a leading contender to succeed the bank's CEO Jamie Dimon. Cavanagh is currently co-head of JPMorgan's corporate and investment bank.

  • NEW YORK, March 25- If there is one thing that gives brokerage executives the cold sweats at night, it is the attitude of younger Americans toward the stock market.

  • JPMorgan top China investment banker Fang to retire Monday, 24 Mar 2014 | 3:07 AM ET

    Frank Gong will become chairman of investment banking for China, while Brian Gu and Jing Zhao will become co-heads of investment banking for China, the memo said.

  • LONDON, March 20- Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion- or almost a tenth- to lift profitability, an industry report said.

  • HONG KONG, March 20- Even before Alibaba Group Holding Ltd kicks off its first underwriter meeting for its planned U.S. IPO, traders are pouncing on the deal, betting the valuation of the Chinese e-commerce giant may leap to around $250 billion by the debut, according to IG Group.

  • "I just named Joe Oliver Canada's new finance minister," Conservative Prime Minister Stephen Harper wrote on his official Twitter.

  • *Metals brokerage business to stay with JPMorgan, source says. NEW YORK, March 19- JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

  • OTTAWA, March 19- Joe Oliver, Canada's former energy minister and champion of the controversial Keystone XL pipeline, was appointed the country's new finance minister on Wednesday, signaling a stay-the-course approach to fiscal and economic policy.

  • New York topped London for the first time in a ranking of financial centers, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen, with Hong Kong, which lost out on the Alibaba IPO, in third place.

  • *Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.

  • UBS investment chief pay tops CEO pay     Friday, 14 Mar 2014 | 3:36 AM ET

    UBS's highest paid executive was investment banking chief Andrea Orcel, who earned 11.43 million Swiss francs in 2013, surpassing the CEO and chairman of the bank.

  • March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.

  • March 13- Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and U.S. heads of the unit, the Financial Times reported, citing sources.

  • *Credit Suisse also says sees slowdown in parts of fixed income. PARIS, March 13- Deutsche Bank said on Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.

  • SAO PAULO, March 12- The hiring of three top bankers of BR Partners Banco do Investimento SA by New York- based Moelis& Co LLC was "improper and unethical," Ricardo Lacerda, chief executive officer of the Brazilian investment bank, said on Wednesday, adding that BR Partners is considering possible action.

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