March 4- Investment banker Ken Moelis' boutique investment firm, Moelis& Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.» Read More
Investors are expected to grill JPMorgan's CEO at its yearly shareholder's meeting in Tampa, Florida over the more than $2 billion in trading loses. CNBC's Mary Thompson reports the details. Also, Robert Lowenstein, BusinessWeek contributor and Tom Stemberg, Highland Capital Partners, discuss the fallout of the bungled trade and Wall Street's game of risk.
JPMorgan's Jamie Dimon told NBC's "Meet the Press," he admits the $2-billion trading loss damages his argument against excessive regulations. John Kanas, BankUnited chairman, president & CEO and Camden Fine, Independent Community Bankers of America president & CEO, discuss the fallout from the banking blunder and the future of investment banks.
While few other banks, if any, pursue the complex strategies that led to JPMorgan’s losses, many traditional lenders regularly buy and sell securities, and make bets with derivatives, as part of their core operations, the NY Times reports.
Will the Dodd-Frank Act tax bank profits? Paul Reilly, Raymond James Financial CEO, weighs in on his company's earnings slip and the headwinds banks face going forward.
CNBC's Kate Kelly takes a detailed look at Goldman Sach's Q1 numbers, and the future of the investment banking firm.
Iconic Wall Street figure, Alan Greenberg, fmr. Bear Stearns chairman, weighs in on the culture at Goldman Sachs; opportunities in financials; and the outlook on the U.S. economy.
The Squawk Box crew take a look at Goldman's first quarter numbers with EPS of $3.92 vs. $3.55 est, and revenues of $9.95B vs. $9.48B. The banking giant also raises its quarterly dividend.
Dick Bove, Rochdale Research, discusses the compensation of big bank CEOs; the outlook on financials; and the possible downgrade on Morgan Stanley.
Sharpen your pencils, it's Last Call quiz time.
Shawn Matthews, Cantor Fitzgerald CEO, offers his view on interest rates, growth at Cantor and fixed-income opportunities for investors.
MF Global’s top lawyer is to tell Congress that she was unaware of a gaping shortfall in customer money until hours before the brokerage firm filed for bankruptcy on Oct. 31. The New York Times reports.
Wall Street used to be a magnet for America's best and brightest but between the economic slowdown and recent scandals like the Goldman Sachs employee that resigned via a NY Times op-ed, the industry's cachet has been tarnished.
Goldman Sachs is firing back, after a former employee flogged the financial giant in the New York Times. Discussing Goldman's "damage control" front, with Bethany McLean, Vanity Fair contributing editor.
Like shifting sands, financial markets are rapidly realigning, and that trend will be the thing to watch Thursday, when inflation data and the latest jobless claims are released.
In response to a critical Op-Ed letter to The New York Times by a former Goldman Sachs employee that said GS put its own interests ahead of clients, Mad Money's Jim Cramer urges his one-time employer to remember the ethics that made the company so profitable in the first place: "be long-term greedy," meaning do well by your clients and they will do well by you.
The Fed sounded the all clear for most major U.S. banks, and its stress test results could be positive for stocks Wednesday, even though four of the 19 institutions failed.
Boutique brokerage firms are less affected by government restraints, says Joe Zicherman, JW Partners.
Even the most iconic brand can plunge into extinction, and it can be years before the buying public realizes that it's gone. Read ahead to see some iconic brands that have disappeared since their glory days.
Howard Lutnick, BGC Partners CEO, discusses his company's incredibly high 9.6% yield; its thriving commercial real estate business; and the outlook on this small-cap speculative stock, with Mad Money's Jim Cramer.
Canaccord Financial and China's deep-pocketed Eximbank announced plans on Thursday to form a $1 billion fund to invest in Canadian resources, the newest push by the Asian giant to gain access to Canada's oil and minerals.