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Investment Banking and Brokerage

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  • Thomas Peterffy talks high-frequency trading     Wednesday, 4 Jun 2014 | 9:55 AM ET

    Interactive Brokers' CEO and one of the top 50 richest Americans Thomas Peterffy expects the Fed's easy-money policy to continue unless the economy improves. He says if the market doesn't move, market makers like him don't make money, commenting on the anemic trading volumes.

  • Moscow investment bankers begin to feel the pinch Wednesday, 4 Jun 2014 | 8:56 AM ET

    "Some people primarily or solely focused on Russia are now not on Russia any more. Some people have moved back to London and don't do Russia any more or do Russia as part of a broad scope, "he said.

  • What are Islamic investors looking for?     Sunday, 1 Jun 2014 | 8:34 PM ET

    Ahead of the 5th World Islamic Banking Conference in Singapore, Nicholas Kaiser, Chairman & CIO at Saturna Capital discusses which companies he likes.

  • HONG KONG, May 29- China shares slipped back to negative territory on Thursday, hurt by weaker stockbrokers and profit-taking by investors who rotated out of recent high-performers. CITIC Securities, China's largest listed brokerage, was down 1.7 percent, while Haitong Securities shed 1.5 percent.

  • NEW YORK, May 28- The bidding process to build a mammoth system to track trading activity across the U.S. stock market is going through growing pains, with some participants grousing at a secretive process that excludes key groups, including brokerages.

  • LONDON, May 23- HSBC's Chief Executive Stuart Gulliver told shareholders on Friday that Europe's biggest bank had no plans to follow rivals by dramatically reshaping its investment bank.

  • *Atlas Mara to raise $400 mln to pursue acquisitions. *Barclays targets Africa potential as it scales back investment bank. This was just five days after Barclays, the British bank where Diamond was chief executive before he was ousted in 2012, announced the dismantling of the investment bank he built up and pinpointed Africa as one of its two main growth engines.

  • Corzine's ambition led to MF Global demise: Flowers Tuesday, 20 May 2014 | 10:03 AM ET
    Jon Corzine testifies at a Capitol Hill hearing on Dec. 15, 2011.

    Jon Corzine's ambition exceeded what the now-defunct MF Global brokerage could handle, private equity titan J. Christopher Flowers tells CNBC. But Flowers still considers Corzine a friend.

  • The Financial Industry Regulatory Authority is looking at instances in which brokerage firms may have used algorithms to engage in abusive trades, or failed to supervise the use of algorithms by their advisers, Rick Ketchum, FINRA chairman and chief executive, told reporters at the regulator's annual conference in Washington.

  • The Financial Industry Regulatory Authority is looking at instances in which brokerage firms may have used algorithms to engage in abusive trades, or failed to supervise the use of algorithms by their advisers, Rick Ketchum, FINRA chairman and chief executive, told reporters at the regulator's annual conference in Washington.

  • SAO PAULO, May 19- Greenhill& Co Inc and other global boutique investment firms are moving into Brazil, aiming to take advantage of strong mergers and acquisitions activity by poaching clients and deals from big-name banks.

  • LONDON, May 19- Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks. Shanghai shares hit a three-week low as Beijing unveiled new regulations that tighten its grip on interbank lending to defuse risks among "shadow" non-bank financial firms that act like banks.

  • FRANKFURT, May 19- Deutsche Bank said a decision to seek 8 billion euros in new equity capital was driven by uncertainty about the cost of new regulations and the need for funds to expand its investment banking business. It plans to sell the new shares combined with at least 1.5 billion euros in hybrid debt by June 4.

  • SAO PAULO, May 16- Brazilian investment bank Bradesco BBI SA extended its push into the U.S. debt market on Friday by clinching a double role as joint-lead manager and bookrunner of a $1.04 billion sale of asset-backed securities by Ford Motor Co's finance unit.

  • Schwab CEO: Disclose payment for selling client orders Thursday, 15 May 2014 | 7:46 PM ET

    May 15- The chief executive officer of Charles Schwab Corp on Thursday suggested that regulators require brokerage firms to disclose how much they are paid for selling their clients' orders. The U.S. Securities and Exchange Commission has begun issuing subpoenas and other demands to brokerage companies to learn how they handle their clients' orders.

  • NEW YORK, May 14- AT&T Inc is working with investment bank Lazard Ltd as it negotiates a potential takeover of DirecTV, the country's top satellite TV operator, according to people familiar with the matter.

  • AT&T turns to Lazard for advice on DirecTV deal -sources Wednesday, 14 May 2014 | 8:08 PM ET

    NEW YORK, May 14- AT&T Inc is working with investment bank Lazard Ltd as it negotiates a potential takeover of DirecTV, the country's top satellite TV operator, according to people familiar with the matter.

  • Morgan Stanley hires senior Barclays executive - NYT Tuesday, 13 May 2014 | 5:53 PM ET

    May 13- Morgan Stanley has hired a senior Barclays Plc executive, the New York Times reported, citing an internal memo from the U.S. bank. Whitman, who served as the head of mergers for financial institutions at Barclays, joins the recent drain of bankers from the British company as it moves to scale down its investment banking operation.

  • Shaquille O'Neal rips Donald Sterling's apology Tuesday, 13 May 2014 | 12:16 PM ET
    Shaquille 'Shaq' O'Neal, former National Basketball Association (NBA) player.

    Shaquille O'Neal is used to talking about high-profile, pricey trades as a broadcaster, but he got a crash course in a different kind of trading.

  • May 12- The brokerage unit of Stifel Financial Corp must pay a total of $2.7 million to a former head trader who said the firm defamed him and wrongfully withheld his bonus payment, a securities arbitration panel has ruled.