GO
Loading...

Investment Banking and Brokerage

More

  • Dec 15- The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc. Trustee James Giddens, who has been seeking to recoup money for the brokerage's creditors, said lower court rulings granting margin assets...

  • HONG KONG, Dec 15- Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. The first Chinese purchase of a European investment bank was announced this week, with Haitong Securities agreeing to pay 379 million euros for an investment...

  • *Deutsche Bank retains its rankings in league tables. FRANKFURT, Dec 9- Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors. Germany's flagship lender is holding its ground against U.S. leaders such as JP Morgan and Goldman Sachs in revenues, but its returns are...

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...

  • JPMorgan continues run as top ranked investment bank Thursday, 4 Dec 2014 | 6:59 PM ET

    LONDON, Dec 5- U.S. bank JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date, new data showed on Friday. The only European bank to make the top three was Deutsche Bank, which shared third place with Citigroup and Bank of America Merrill Lynch.

  • SHANGHAI/ HONG KONG, Dec 4- Chinese brokerage Haitong Securities Ltd is in talks to buy Portuguese bank Banco Espirito Santo's investment banking unit as Chinese finance firms snap up more overseas assets to try to offset slowing growth at home. A purchase of the bailed-out Portuguese lender's unit would be Haitong's first acquisition outside China and Hong...

  • Meet Hong Kong's oldest stockbroker  Thursday, 27 Nov 2014 | 8:33 PM ET
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange.

    The oldest stockbroker in Hong Kong may have made his fortune in the city, but he thinks the future lies in Shangai. CNBC's Eunice Yoon reports.

  • SHANGHAI, Nov 27- China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan was added to brokerage accounts in the first...

  • WASHINGTON, Nov 20- Brokerage firm Wedbush Securities will pay a $2.44 million penalty and admit to wrongdoing to settle civil charges over shoddy risk controls that let thousands of overseas traders gain access to U.S. markets, federal regulators said. Wedbush's settlement with the U.S. Securities and Exchange Commission on Thursday was widely anticipated...

  • Nov 20- Goldman Sachs Group Inc said it fired two staff after a junior employee passed confidential information from the Federal Reserve Bank of New York, his former employer, to a senior colleague in the investment bank. Goldman said the incident on Sept. 26 was immediately reported to its compliance team, regulators and the New York Fed and an internal...

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began when...

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a new Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began...

  • Morgan Stanley's oil trading desk, the largest of the five divisions within its commodities business, recorded net revenue of $676 million in 2012, half as much as 2008, according to a submission cited in the committee's 400- page report. And Goldman Sachs saw its global commodity net revenues drop to around $1 billion in 2012, less than a third as much as its...

  • NEW YORK, Nov 13- Morgan Stanley, the world's largest brokerage firm, fired the first shot in Wall Street's pay formula wars by telling brokers more of their pay will be deferred in 2015 than in the past. Brokers who produce $1.1 million to $1.65 million of revenue, slightly above average, will have 10 percent of their bonus deferred, the source said.

  • A tit for tat round of sanctions between the United States and Europe and Moscow over Russia's involvement in eastern Ukraine has seen capital raising by Russian companies forced to a virtual halt. But now sanctions prohibit Western investment banks from helping Russian companies deemed to be complicit in the Kremlin's Ukraine policy to raise capital and...

  • TABLE-Investment banking fees from Russia Thursday, 13 Nov 2014 | 2:14 PM ET

    LONDON, Nov 13- Investment banking fees from Russia have collapsed for Western banks in 2014 but fees from emerging markets as a whole are up 10 percent versus full-year 2013, ThomsonReuters data shows. For an article click Following is a table on fees earned by banks from Russian debt and equity capital markets, loans and merger& acquisitions this year and in...

  • Does Mr. Potter work at Goldman Sachs? Wednesday, 12 Nov 2014 | 4:30 PM ET
    Mr. Potter, whose ethics allowed for keeping Uncle Billy's misplaced money in 'It's a Wonderful Life.'

    Today marks a high point for banking careers while it also marks yet another major blow to banking's image. Can one make up for the other?

  • UPDATE 1-Insurer James River Group files for IPO Friday, 7 Nov 2014 | 7:23 AM ET

    Nov 7- James River Group Holdings Ltd, a Bermuda- based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw& Co LP's affiliates own 72.6 percent of the insurer's Class A common shares, while Goldman Sachs Group Inc owns 26.3 percent. Keefe Bruyette& Woods, UBS Investment Bank, FBR...

  • Insurer James River files for IPO Friday, 7 Nov 2014 | 6:21 AM ET

    Keefe Bruyette& Woods, UBS Investment Bank, FBR Capital Markets and BMO Capital Markets are the lead underwriters for the offering, James River said in a regulatory filing.

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...