GO
Loading...

Investment Banking and Brokerage

More

  • July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • UPDATE 1-Higher investment gains boost Goldman profit Tuesday, 15 Jul 2014 | 8:19 AM ET

    July 15- Goldman Sachs Group Inc reported a better-than-expected 5 percent rise in second-quarter profit, driven by strong gains in equity investments and higher revenue from investment banking. The Wall Street bank earned $1.95 billion, or 4.10 per share, in the three months ended June 30, up from $1.86 billion, or $3.70 per share, in the same period a year earlier.

  • *Generali to book net loss of 100 mln euros from disposal. MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender.

  • MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender controlled by billionaire financier AndrĂ© Esteves.

  • NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

  • The SIPC is a corporate non-profit that administers a fund paid for by Wall Street to compensate investors if a brokerage firm collapses. In an unprecedented case, the SEC decided to take legal action against the fund and force SIPC to start court proceedings for victims to file claims.

  • *CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • MOSCOW, July 9- Wall Street bank JPMorgan Chase& Co is reducing equity market staff in Russia as business falls off in areas such as initial public offerings due to the Ukraine crisis, two financial sources said.

  • *Peers seek exit from Spain's alternative market. The supervision of Spain's alternative stock exchange Mercado Alternativo Bursatil, which was thrown into the spotlight by the case, falls under the responsibility of both the market operator Bolsas y Mercados Espanoles and the bourse watchdog Comision Nacional del Mercado de Valores.

  • Fund managers set their sights on unloved Japan Thursday, 3 Jul 2014 | 3:07 AM ET

    After what has been a difficult start to the year for Japanese equities, fund managers are now upping their allocations to the sector.

  • UPDATE 1-Fiber network company Zayo Group files for IPO Wednesday, 2 Jul 2014 | 5:44 PM ET

    July 2- Fiber network company Zayo Group Holdings Inc filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering. The Boulder, Colorado- based company listed Morgan Stanley, Barclays and Goldman Sachs as lead underwriters for the IPO.

  • NEW YORK, July 2- U.S. U.S. companies hired 281,000 workers in June, marking the biggest monthly increase since November 2012, the ADP National Employment Report showed. "It was an unassailably good number- you couldn't fault it," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate and Investment Bank in New York.

  • First-half investment bank fees at highest since 2007 Wednesday, 2 Jul 2014 | 11:51 AM ET

    *JPMorgan tops league table, earns fees of $3.4 bln. Global investment banking fees totalled $47.1 billion in the first six months of the year, compared to $42.2 billion last year, according to data from Thomson Reuters and Freeman Consulting. They were up 6 percent in the Americas and down 15 percent in Africa and the Middle East.

  • SAO PAULO, July 2- Mergers and acquisitions in Brazil are expected to gain steam by the year-end as economic and political risks ease, helping companies and private-equity firms scouring for takeover targets focus on tapping the country's long-term potential.

  • *ING will earn gross proceeds of 1.5 bln euros. AMSTERDAM, July 2- Shares in NN Group, the insurance arm of Dutch financial services company ING Group, rose more than 5 percent on their stock market debut on Wednesday, in what was set to be Europe's largest stock flotation so far this year.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.