Investment Banking and Brokerage
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NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.
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Mergers and acquisitions activity collapsed in the fourth quarter as the sovereign debt crisis and market volatility put the brakes on dealmaking and equity sales, pushing European investment banking fees to their lowest level in more than a decade. The FT reports.
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The Fast Money traders weigh in on shares of Bank of America falling below its support level, and the trade on financials. Also a preview of Jeffries earnings, with Douglas Sipkin, Ticonderoga Securities analyst.
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Is the decline in financials only halfway done? John Roque, WJB Capital, takes a look at the charts for clues.
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India's economy, which was relatively sheltered during the last financial crisis in 2008, is looking especially fragile this time around.
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The Fast Money traders discuss Gimme Credit's 'buy' rating on Jefferies, versus Egan-Jones' downgrade, and the investment banking business model.
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The CEO of Southeast Asia’s largest lender DBS expects dollar funding shortages to continue into 2012 but he said Asian banks were well equipped to deal with the situation.
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China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
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Years after the dotcom bust, capital is again flowing to needy entrepreneurs, but the funding structure is very different.
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Discussing Schwab's exposure to European sovereign debt; the ripple effect of the turmoil in the EU on U.S. markets; and if there is any truth to the rumor, Schwab is interested in pieces of MF Global, with Charles Schwab, Charles Schwab chairman.
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CNBC's Kayla Tausche reports the latest details on MF Global on Wednesday, with a 17% rise in short interest on the stock, and how to trade it, with the Fast Money traders. Also, a look at how Goldman Sachs would benefit from the acquisition of MF, with Dick Bove, Rochdale Securities.
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Jes Staley, J.P. Morgan Investment Bank CEO, shares his view on Europe and how investment banks are dealing with pressures on the global economy and regulation.
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Goldman Sachs, once Wall Street’s highest flier, has been grounded, and it does not bode well for the rest of the financial industry or the New York City economy that depends on it, the New York Times reports.
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Recapitalizing Europe's banks will not solve the sovereign crisis, Otto Dichtl, director of financials at Knight Capital Group, told CNBC.
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Vietnamese brokers and industrials will experience 500 percent upside over the next 2-3 years, David Roes, CEO of ASEAN Investment Management, told CNBC.
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CNBC's Mary Thompson reports Goldman Sachs announced it has no plans to change the company's status because of the implementation of the Volcker Rule.
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Debating whether the "best firm on Wall Street" is headed for its worst quarter since the financial crisis, with Rob Cox, Reuters Breakingviews, U.S. editor.
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Singapore’s role as the wealth management center of Asia has been strengthened by the growing number of millionaires in the region, but it’s also being challenged by a shrinking pool of workers needed by the sector.
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Goldman Sachs, bracing for what could be one of its worst quarters since it went public 12 years ago, is preparing to expand its cost-cutting initiative by hundreds of millions of dollars, the New York Times reports.
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UBS’s $2 billion rogue trading loss highlights the need for a pan-bank risk management body, Don Tapscott, author of ‘Wikinomics: how mass collaboration changes everything’ and chairman of nGenera Insight think tank, told CNBC.
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Mad Money host Jim Cramer explains the anatomy of a cataclysmic bank failure and why some securities are saved and others aren't.