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Investment Banking and Brokerage

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  • April 9- Jefferies Group LLC said it will sell most of its Bache unit's commodities and financial derivatives accounts to Societe Generale, ending the investment bank's four-year foray into the competitive brokerage business. Societe Generale's shares were slightly up at 46.54 euros in Paris. Last year, ICAP closed its metals business last year, while...

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of its Bache unit's futures business to Societe Generale. Societe Generale said in a statement on Thursday that the transaction covered mostly futures execution and clearing activities. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of Bache unit's futures business to Societe Generale. Jefferies also said it bought Faros Trading LLC, the institutional foreign exchange brokerage unit of retail currency broker FXCM Inc.. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • IBM WORKING WITH TWO INVESTMENT BANKS TO DEFEND AGAINST POSSIBLE ACTIVIST ATTACK- SOURCES.

  • WARSAW, April 2- Poland plans to join the Asian Infrastructure Investment Bank, Deputy Finance Minister Artur Radziwill said on Thursday. "Poland sent to the secretary of the newly created Asian Infrastructure Investment Bank the so-called endorsement letter," Radziwill said in a statement. The AIIB has been seen as a potential rival to the World Bank and Asian...

  • April 2- Global investment banking fees fell 8 percent to $20 billion in the first quarter, the poorest start to the year since 2012, hurt by weak deal activity in Europe, Asia Pacific and Japan. Fees for deals done fell 28 percent in Japan, 14 percent in Europe and 18 percent in Asia Pacific, according to data compiled by Thomson Reuters and Freeman Consulting.

  • NEW YORK, April 1- A New York judge on Wednesday rejected a request from prosecutors to delay the scheduled trial of former Goldman Sachs Group Inc computer programmer Sergey Aleynikov, who is charged with stealing code from the investment bank. Manhattan Supreme Court Justice Daniel Conviser ordered the trial to move forward immediately in the long-running...

  • NEW YORK, April 1- Simon Property Group Inc's failed bid to buy U.S. upscale shopping center operator Macerich Co is unlikely to crush either company's stock price for a simple reason: No one is building any more "Class A" malls. Macerich late on Tuesday rejected Simon's sweetened cash-and-stock offer, which was valued at $95.50 a share, or $23.2 billion including...

  • *Dan Cochran steps down as chief of staff. NEW YORK, April 1- Two members of UBS AG's Wealth Management Americas' executive committee have stepped down, while Robert McCann, the Swiss bank's most senior executive in the United States, is among six officials whose titles have changed from chief executive to president. Dan Cochran, 68, who joined in 2010 to coordinate...

  • First-quarter deal-making activity was more robust in Mexico than anywhere else in Latin America for only the second time in a decade. Thomson Reuters data shows the value of announced mergers and acquisitions in Mexico reached $8.64 billion, above Brazil's $8.51 billion. Illustrating how the tables have turned, $13.93 billion worth of M&A deals were...

  • *Shore Capital's equity capital markets profit up 60 pct. LONDON, March 30- In the land of the investment banking giants that stalk Europe's equity markets, a group of lesser-known advisory firms are treading on the toes of the big boys. Coming in at No.9 in terms of money raised, Cenkos has climbed above Barclays and tucked itself just behind Citigroup.

  • The first quarter is typically the strongest period of the year for investment bank income, and revenues for the top firms in the three months is likely to be up 7 percent from a year ago, analysts at JPMorgan said this week. FX volatility is up 30 percent in G7 currencies and volumes with it, and higher rates volatility is leading to higher trading volumes and...

  • Fraud charges against Patriarch Partners CEO   Monday, 30 Mar 2015 | 10:11 AM ET
    Fraud charges against Patriarch Partners CEO

    CNBC's Robert Frank reports on fraud charges against Lynn Tilton, CEO of Patriarch Partners.

  • BEIJING, March 30- Egypt will apply to become of member of the Beijing-led Asian Infrastructure Investment Bank, China's Ministry of Finance said in a statement on its website Monday. China has set a March 31 deadline to become a founding member of the AIIB, which is seen as a significant setback to U.S. efforts to extend its influence in the Asia Pacific region and...

  • *Pension funds move some hedge funds into equity portfolios. *Seeking protection from overheated equity markets. LONDON, March 30- Pension schemes are changing their attitudes to hedge funds, bringing some into their mainstream equity portfolios in order to access products that offer protection in overheated markets.

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • BEIJING, March 29- Denmark has applied to join the Beijing-led Asian Infrastructure Bank, China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States. The Ministry of Finance said that Denmark has written to China to "announce its intention to apply to be a founding member" of the...

  • BEIJING, March 29- Denmark has applied to join the Beijing-led Asian Infrastructure Bank, China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings in the United States. The Ministry of Finance said that Denmark has written to China to "announce its intention to apply to be a founding member" of the...

  • More countries to join China-led investment bank Saturday, 28 Mar 2015 | 11:26 PM ET

    Russia, Australia and the Netherlands became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank.

  • Cyberbullying's new target: Big companies Saturday, 28 Mar 2015 | 12:00 PM ET
    A woman walks past a Starbucks cafe in New York.

    Online grievance campaigns have become increasingly frequent, with big companies now tasting the wrath of angry swarms of web activists.