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.» Read More
Jan 14- Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare requirements could bolster its reputation with diners but threatens sales and profits this quarter, an analyst said on Wednesday. Chipotle shares were down 1.1 percent to $706.54 in midday trading on the New York Stock Exchange.
NEW YORK, Jan 14- U.S. and Brent crude futures rallied sharply on Wednesday, with U.S. crude up more than $3 a barrel, a day ahead of the Brent February contract's expiration and on the day that options for the U.S. contract expire, brokers and traders said. Brent February crude was up $2 at $48.59 a barrel at 2:36 p.m. EST, having reached $49.21 per barrel.
BGC Partners plans to hike its takeover bid for derivatives and currency brokerage firm GFI Group Inc., even as GFI draws closer to closing on a separate offer from CME Group. CME Group Inc., which is the parent company of the Chicago Board of Trade and other exchanges, raised its bid last month to $5.25 per share, or around $669.4 million. BGC Partners Inc. made a $675...
The top line was a big disappointment, says Erik Oja, S&P Capital IQ, breaking down the big bank's quarterly results.
Drexel Hamilton's David Hilder discussed JPMorgan's latest earnings report.
David Hilder, Drexel Hamilton, digs deep into the big bank's quarterly results, which missed on both the top and bottom line.
It's the cost of doing business, says Dick Bove, Rafferty Capital Markets, discussing the high legal expenses banks incur associated with regulations.
Dick Bove, Rafferty Capital Markets, shares his thoughts on a Goldman Sachs' report that suggested big banks break up.
Watch the loan loss rate and expect moderate improvement, says Dick Bove, Rafferty Capital Markets, sharing his outlook on big bank stocks.
*Peugeot buoyed by broker upgrade. LONDON, Jan 12- European equities gained on Monday, led by rising healthcare stocks, after Shire agreed to buy NPS Pharmaceuticals for $5.2 billion and Roche also struck a deal. Chemicals shares also performed well after U.S. investment bank Citigroup upgraded several European chemicals companies, including BASF.
Jan 9- Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter. The change in bonuses was announced internally on Wednesday by Citigroup co-President James Forese to trading executives and was reported on Friday...
More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.
Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in California, the Wall Street Journal reported on Wednesday, citing industry executives who have viewed confidential brokerage data. The wealth management office in La Jolla, California, which employs one...
Jan 7- More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus Capital Group Inc came from a Morgan Stanley wealth management office in Southern California, the Wall Street Journal reported, citing industry executives who have viewed confidential brokerage data. Bill Gross left PIMCO to join Janus Capital in September.
Deals worth nearly $3.5 trillion were announced, a performance favored by low interest rates and high stock prices. NYT reports.
Firms want to work with big-name banks and will take their business to foreign institutions if the U.S. broke up banks, Jeremy Siegel said.
Mobile payments and Tesla founder Elon Musk are among trends and innovators poised for a breakout year in 2015, one expert says.
HONG KONG, Dec 25- Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China- related deals, but salaries and bonuses still trail far behind those paid by Western banks. "This is the first time since 2009 we have seen an increase of base and total compensation," said Maggy Fang,...
LONDON, Dec 23- Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts. "We're seeing bonus pools on average up by between 5 and 10 percent on 2013 numbers, but that's massively differentiated across different...
NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...