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.» Read More
TORONTO, Aug 26- Bank of Nova Scotia and Bank of Montreal posted higher third-quarter profits on Tuesday, benefiting from gains at their traditional Canadian lending arms as well as the impact of buoyant capital markets.
Bankers, traders and fund managers are practicing yoga in order to build their mental faculties and improve their ability to focus.
TORONTO, Aug 22- Canadian medical marijuana producer OrganiGram Inc is set to go public on Monday, its chief executive said, the second such firm to list on the venture exchange next week, highlighting investor appetite for a high-growth industry.
"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.
TORONTO, Aug 20- Canadian medical marijuana producer Bedrocan Cannabis Corp is set to go public on Monday, offering investors an alternative to Tweed Marijuana Inc in the nascent market, according to two sources familiar with the company's plans.
Aug 19- Brokerage firm Wedbush Securities rejected Financial Industry Regulatory Authority's charges, saying its risk management controls were consistent with the regulator's guidance.
Aug 18- Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Montag will continue to head the investment banking and capital markets businesses, the Bloomberg report said.
WASHINGTON, Aug 18- Wall Street's self-funded regulator on Monday charged brokerage firm Wedbush Securities with having shoddy risk controls, a flaw that in turn allowed thousands of traders to flood U.S. markets and execute manipulative trades.
NEW YORK, Aug 14- Owning just US $25 m of bonds may be all it takes to accelerate payments on US $30 bn of Argentina's restructured debt, if holders of a particularly small series of New York- law Pars decide to pull the trigger.
SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.
NEW YORK, Aug 5- Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled. Barclays won court approval to buy much of Lehman's brokerage business at a Sept. 19, 2008 hearing overseen by U.S.
SAO PAULO, Aug 4- Itaú BBA hired former Citigroup Inc banker Francisco Salas to head its investment banking unit in Mexico, as the Brazilian wholesale and investment bank seeks to expand financial advisory services in Latin America's second-largest economy.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
PARIS, July 31- BNP Paribas' capital markets business grew by a fifth in the second quarter- a signal clients have shrugged off the U.S. sanctions busting affair that pushed France's biggest bank to a second-quarter loss.
July 29- JPMorgan Chase& Co, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago and Dubai, according to the report.
FRANKFURT, July 29- Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income.
NEW YORK, July 25- Cynk Technology shares plummeted to close down about 85 percent on Friday after a trading suspension was lifted, but the stock was only being exchanged in private deals.
July 25- Goldman Sachs downgraded its global equities allocation to neutral on a short-term basis on Friday, even though the brokerage remains overweight stocks for the longer term. Dividing the world up by regions, Goldman is overweight in Europe and Japan and underweight in the United States.
July 25- Goldman Sachs downgraded its global allocation to equities to neutral on a short-term basis on Friday, even though the brokerage remains overweight stocks for the longer term, it said in a research note.
NEW YORK, July 25- Cynk Technology shares plummeted more than 80 percent on Friday after the end of a trading suspension, but the stock was only being exchanged in private deals.