SINGAPORE, Dec 4- The Hong Kong bourse plans to build up its commodity business by co-listing global benchmarks in metals and other products and matching them with key contracts traded on China's exchanges, its CEO said.» Read More
LONDON, Oct 2- Fees earned for global investment banking services rose 3 percent in the first nine months of 2013 from a year ago, according to Thomson Reuters data. JPMorgan retained its top ranking in the investment banking league table, taking in $4.4 billion in fees or 7.8 percent of the total. Second-place Bank of America Merrill Lynch booked fees of $4 billion.
SAO PAULO, Oct 1- Grupo BTG Pactual SA led Brazil's mergers and acquisitions rankings in the first nine months as Chief Executive Officer André Esteves' focus on advising fast-growing segments translated into almost $4 billion worth of announced deals in the July-September period alone.
An insider at JPMorgan has supplied information to the U.S. Justice Department related to the sale of mortgage securities, the WSJ reported.
*Shanghai free trade zone "concept" stocks rise after zone launch. HONG KONG, Sept 30- China shares inched higher on Monday, outperforming other Asia markets as investors chased strength in retailers ahead of a week-long holiday, with the Shanghai benchmark heading for its biggest quarterly gain in three years.
SHANGHAI, Sept 29- China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform move in decades, unveiling fresh details of plans to liberalise regulations governing finance, investment and trade in the zone.
NEW YORK, Sept 27- Danny Ludeman, who has led Wells Fargo Advisors and a predecessor brokerage firm for almost 15 years, will retire as of Jan. 1, 2014, the Wells Fargo& Co. brokerage unit said Friday. Ludeman has served as executive vice president and head of Wells Fargo Advisors since the Wachovia merger in 2008, the company said.
LONDON, Sept 27- The investment banks working on the privatisation of Britain's Royal Mail postal service stand to share a maximum fee pot of just under 24 million pounds, around a third below the typical amount for a similar sized listing.
Former Bear Stearns CEO Alan Schwartz told CNBC that the possible $11 billion number surrounding the JPMorgan mortgage settlement talks make no sense.
A year after his ouster, Bob Diamond tells CNBC he's bullish on Barclays.
"We've got these things that we actually are guilty of and we've got to fix them," the head of JPMorgan's board audit committee said.
Email conversations between brokers and traders show food, drink and even a Ferrari were offered as incentive for rates fixing.
*Deutsche Bank says subdued markets to hit revenue. *Deutsche Bank slowdown mirrors broader market trend. FRANKFURT, Sept 25- Deutsche Bank co-Chief Executive Anshu Jain has warned that third-quarter investment banking revenue would be significantly lower than a year ago, as a lull in bond market trading hits Germany's flagship lender.
Sept. 23- Real estate brokerage Marcus& Millichap Inc filed with U.S. regulators to raise up to $103.5 million in an initial public offering of common stock. Citigroup, Goldman, Sachs& Co, JMP Securities and William Blair were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus.
JPMorgan's settlement has reached $389 million over its credit card practices, reports CNBC's Kayla Tausche.
JPMorgan agreed to pay $920 million in fines as part of the "London Whale" case, reports CNBC's Kayla Tausche. The bank is also under questioning for its hiring practices in China.
The big bank has agreed to pay $920 million in fines as part of the "London Whale" case, reports CNBC's Kayla Tausche.
Brokerage Macquarie Equities Research raised its price target on the stock to $25 from $23 after the video game publisher racked up $800 million in first-day sales of Grand Theft Auto V, the fifth installment of the lucrative franchise that went on sale across the globe on Tuesday.
Brokerage Macquarie Equities Research raised its price target on the stock to $25 from $23 after the video game publisher racked up $800 million in first-day sales of Grand Theft Auto V, the fifth installment of the lucrative franchise that went on sale across the globe on Tuesday. **TRANSCEPT PHARMACEUTICALS INC, Wednesday close $3.59, up 9 pct after market.
Jimmy Dunne, Sandler O'Neill, and Stanley Druckenmiller, Duquesne Capital Management former chairman discuss how Sandler O'Neill was not only able to survive but thrive after the 9/11 tragedy. And Druckenmiller discusses the long-term consequences of the nation's enormous debt load on entitlement programs.
Investment bank revenues were $13.1 billion in the first half of 2013, putting it ahead of Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citi, which all shared second place in analytics firm Coalition's league table.