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Investment Banking and Brokerage

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  • LONDON, Feb 19- Britain's Financial Conduct Authority said on Thursday it will review competition in investment banking and corporate banking services, citing "unanswered questions about potential conflicts of interest and value for money in this market." Personal accounts and small business banking is already the subject to a full investigation by...

  • LONDON, Feb 19- Britain's financial watchdog will launch its first review of competition in investment banking and corporate banking services, saying the benefits of improvements could be high. The Financial Conduct Authority said that banks that were bundling and cross-selling their services could be making it difficult for new entrants to compete.

  • 'Grexit' risks rise but compromise seen still possible Tuesday, 17 Feb 2015 | 2:35 AM ET

    ATHENS, Feb 17- The chances of Greece being forced out of the euro zone have risen but a compromise agreement between Athens and its European partners is still possible, Greek media and investment banks said on Tuesday. Talks in Brussels between Greece and the rest of Dijsselbloem's Eurogroup broke down on Monday when Athens rejected a proposal to request a...

  • LONDON, Feb 16- Asset managers, often vocal campaigners against inflated city wages, have seen their own pay packets grow by a fifth since the 2007 financial crisis, even as banker pay dropped by a quarter, according to new analysis. Asset managers now earn on average $263,000 compared with $288,000 for investment bankers, an analysis of the public records of 12...

  • DB CEO: Liquidity could well be impaired  Wednesday, 11 Feb 2015 | 8:08 AM ET

    Anshu Jain, Deutsche Bank co-CEO, shares his thoughts on increased banking regulations.

  • DB CEO: Odds of short-term Greek deal good  Wednesday, 11 Feb 2015 | 8:05 AM ET

    Anshu Jain, Deutsche Bank co-CEO, discusses tension between Greece and the euro zone and whether a deal can be reached.

  • Morgan Stanley's wealth win  Wednesday, 11 Feb 2015 | 7:07 AM ET

    Greg Fleming, Morgan Stanley Wealth Management, says the U.S. has one of the best economies in the world and weighs in on how to profit from it.

  • Feb 9- Barclays Plc is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter. Barclays' overall bonus pool is expected to shrink, Bloomberg reported citing another person familiar with the matter. European banks, including Barclays, Deutsche Bank,...

  • WASHINGTON, Feb 7- John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said on Saturday. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its corporate ladder before leaving after 38 years to become a...

  • Ex Goldman chair, Reagan official Whitehead dies Saturday, 7 Feb 2015 | 12:53 PM ET

    John Whitehead, a former co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm, has died.

  • WASHINGTON, Feb 7- John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said on Saturday. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its corporate ladder before leaving after 38 years to become a...

  • LONDON, Feb 6- Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move said. Groeller, who previously served as Morgan Stanley's co-head of investment banking in Germany and Austria, is the latest managing director to leave the "bulge bracket" bank and join...

  • 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...