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Investment Banking and Brokerage

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  • NEW YORK, Feb 5- William Gerber, chief financial officer of TD Ameritrade Holding Corp for the last eight years, will receive a $2.5 million retirement package when he leaves the discount brokerage firm at the end of September, the company said in a quarterly regulatory filing on Thursday. Gerber, 56, began his career at TD Ameritrade in 1999 as director of finance...

  • Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted M&A advisory fees. Lazard's M&A and other advisory fees rose 17 percent to $297.2 million in the fourth quarter ended Dec. 31, from a year earlier. Among the deals Lazard advised on during the quarter were specialty...

  • Jefferies CEO Richard Handler turns down bonus Wednesday, 4 Feb 2015 | 3:35 PM ET

    Feb 4- Richard Handler, the chief executive of Leucadia National Corp, parent of investment bank Jefferies Group LLC, turned down his bonus for the previous year, which was dogged by lackluster performance. Handler, also the CEO of Jefferies, was entitled for a performance-based cash bonus of $2.2 million for the year ended Nov. 30, Leucadia said in a regulatory...

  • NEW YORK, Feb 3- Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday. The decision was part of Credit Suisse's ongoing review of its investment banking business and does not affect the rest of its retail execution...

  • Feb 3- U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report. Cybersecurity is a growing concern for business, as highlighted by recent hacking incidents at Home Depot Inc, Sony...

  • How some financial pros stand out from the crowd Monday, 2 Feb 2015 | 12:40 PM ET

    With more than 300,000 financial advisors competing for clients, standing out is key.

  • Financial advisors' multimillion dollar problem Monday, 2 Feb 2015 | 11:55 AM ET

    Women control more wealth than ever before, but financial advisory firms still struggle to attract them as clients.

  • MELBOURNE/ NEW YORK, Jan 29- Macquarie Group Ltd is in talks to buy Jefferies Group LLC's commodities and financial derivatives brokerage, three sources said, as the Australian bank continues to expand its commodities business while rivals retreat. News of the talks come just a month after the U.S. investment bank, owned by Leucadia National Corp, said it was...

  • Advisors neglect millennial millionaires-to-be Thursday, 29 Jan 2015 | 11:00 AM ET

    A TD Ameritrade study shows potentially well-off millennials are neglected by advisors focused on older, currently wealthy clients.

  • Investing pros: More trouble ahead for economy Thursday, 29 Jan 2015 | 9:16 AM ET
    Ford worker on the assembly line at the Ford Dearborn Truck Plant, Dearborn, Michigan.

    A TD Ameritrade survey finds investment advisors are less bullish on the economy than in 2014, but are mostly upbeat on U.S. markets.

  • TOKYO, Jan 29- Nomura Holdings Inc reported a 45 percent rise in third-quarter net profits on Thursday, the biggest jump in its quarterly profits in a year, thanks to a strong performance by its retail equity business. Nomura, Japan's largest investment bank and brokerage, has benefited along with nearest rival Daiwa Securities Group Inc from a renewed appetite...

  • *Q3 profit Y70 bln yen vs Y39.5 bln analyst view. TOKYO, Jan 29- Nomura Holdings Inc reported a near 50 percent jump in third-quarter net profit on Thursday, as weakness in overseas bond-trading was offset by strength in the retail business of Japan's biggest investment bank and brokerage. Profit reached 70 billion yen in October-December versus the 39.5 billion...

  • Tax planning tips for high-income earners Wednesday, 28 Jan 2015 | 10:00 AM ET

    Financial advisors are being particularly aggressive about managing their clients' income-tax liability.

  • As part of the settlement, the SEC said Oppenheimer is admitting to wrongdoing and will be required to hire an independent consultant to review its policies over a five-year period. It said Oppenheimer aided and abetted illegal activity by Gibraltar Global Securities, a Bahamas- based brokerage firm that the SEC sued last year. The SEC said Gibraltar was not...

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • Risky biz: Gauging tolerance of market volatility Monday, 26 Jan 2015 | 8:41 AM ET

    Comfort with stock market volatility is called risk tolerance, and when it comes to investing, it matters more than you think.

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • Lloyd Blankfein, Goldman Sachs chairman & CEO, shares his thoughts on banking regulations.

  • GS CEO: Volatility could turn on a dime  Friday, 23 Jan 2015 | 8:04 AM ET
    Lloyd Blankfein at the 2015 WEF in Davos, Switzerland.

    Lloyd Blankfein, Goldman Sachs chairman & CEO, shares his thoughts on the impact of volatility on investors, and the ECB's QE plan.