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May 22- Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage.
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Robbie DeRooy, who has worked in the advising industry for more than three decades, joined Morgan Stanley on Friday. Morgan Stanley Wealth Management, majority owned by Morgan Stanley and partially owned by Citigroup, is the largest U.S. brokerage by adviser headcount and client assets.
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May 7- Telenet Group Holding NV:. *Espirito Santo Investment Bank cuts fair value to 28.35 euros from 36.25. For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
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LONDON, May 7- British investment bank and stockbroker Numis Corp said its first half pretax profits more than tripled in the six months to March 31, thanks to improved market sentiment, especially in stock markets.
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NEW YORK, May 6- Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who design portfolios for wealthy clients.
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May 6- Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million and $50 million, according to court documents.
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May 3- Swiss bank UBS AG's U.S. brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10 million or more in investable assets. Mathews takes over the role from Jason Chandler, who had been overseeing both the unit and the wider Americas force of roughly 7,000 brokers.
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The parent company of Union Center National Bank said Vincent Tozzi is resigning as Chief Financial Officer of Center Bancorp and UCNB from May 31.
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May 3- Swiss bank UBS AG's U.S. brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10 million or more in investable assets.
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NAIROBI, May 3- The Kenyan shilling held steady on Friday with traders expecting it to firm in coming sessions on dollar inflows from the tea sector and foreign funds moving into local debt and equity markets.
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May 3- The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice.
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NEW YORK, May 3- Years of badgering Apple to consider the virtues of taking on debt finally paid off for the investment banking industry last week- and for two banks in particular- when the world leader in consumer technology innovations issued a record-breaking US $17 bn of bonds.
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LONDON, May 3- European equity capital market volumes have risen to $64 billion so far this year, 35 percent higher than a year ago, after capital raisings like this week's from Deutsche Bank boosted activity, Thomson Reuters data showed on Friday.
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NAIROBI, May 3- The Kenyan shilling held steady on Friday with traders expecting it to firm in coming sessions on dollar inflows from the tea sector and foreign inflows into local debt and equity markets.
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*Nomura upgrades Fortis Healthcare Ltd. to "buy" from "neutral", but cuts its target price to 124 rupees from 170 rupees, citing recent underperformance and improvement in return ratios. *The investment bank adds that in its view Fortis has come to the end of an investment cycle and will now focus on cash flows and profitability.
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May 3- The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice.
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NEW YORK, May 3- Credit Suisse said it has appointed Michael Muntner and Charlie Newton as co-heads of its health care investment banking business in the Americas. Muntner and Newton will report to Tom Davidson and Stuart Smith, who are global co-heads of health care investment banking. Muntner will based in New York, while Newton will be based in San Francisco.
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NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is speaking to investment banks about an initial public offering in the United States, a person with knowledge of the matter said on Thursday.
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Shareholder reports issued by Northern Lights Fund Trust and the Northern Lights Variable Trust misrepresented or omitted details the trustees considered in approving investment advisory contracts, the Securities and Exchange Commission said.
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Slaughter will start at Lazard on June 3. Jim Voorheis, a 23- year investment banking veteran who was most recently a managing director at Deutsche Bank, will start his new position heading up specialty finance investment banking in July.
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The two trusts included as many as 71 series of mutual funds, the SEC said. The SEC's action stemmed from a broad sweep to review fee arrangements in the fund industry by the agency's asset management investigative unit.