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  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • FRANKFURT, April 24- Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability. The strategy decision, which may be announced as early as Friday evening, takes place under a cloud after U.S. and British authorities on Thursday imposed...

  • Zhao Yang, fund manager of Bosera Asset Management Co, which is launching a mutual fund to invest in the city's markets, said he expected inflows from Chinese mutual funds and insurers to continue, and the valuation gap between Hong Kong and China- listed stocks to narrow further. His view was echoed by brokerage China Investment Securities, who wrote on Friday: "In...

  • INSTANT VIEW-Nasdaq sets new record closing high Thursday, 23 Apr 2015 | 5:36 PM ET

    NEW YORK, April 23- The Nasdaq Composite Index set an all-time closing high of 5056 on Thursday, taking out the record it set during the dotcom boom of 2000.. URI LANDESMAN, president of Platinum Partners in New York:. RICHARD WEISS, senior portfolio manager at American Century Investments, which has $150 billion in assets under management.

  • Greenhill posts 1Q profit Thursday, 23 Apr 2015 | 5:21 PM ET

    NEW YORK _ Greenhill& Co. on Thursday reported net income of $7.6 million in its first quarter. The bank, based in New York, said it had earnings of 25 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • NEW YORK, April 23- U.S. "The weaker economic data certainly helped pulled some bids back into the market," said Andrew Richman, fixed income strategist at SunTrust Private Wealth Management in Palm Beach, Florida. Uneasiness about Greece and its future in the euro zone also underpinned safe-haven demand for Treasuries.

  • BOSTON, April 23- Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns. Among so-called liquid alts funds, Daman Investments' Daman Fifth Fund was last year's best performer boasting a 232...

  • NEW YORK, April 23- Goldman Sachs Group Inc's Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co, the company said on Thursday. The business provides investment and risk management services to institutional investors and has assets under supervision of more than $18 billion.

  • COMPANIES ON A POTENTIAL $2 BLN WEALTH-MANAGEMENT AND PRIVATE-BANKING ACQUISITION.

  • CALGARY, April 23- Canadian Imperial Bank of Commerce is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview. But Chief Executive Victor Dodig said CIBC, which has been eyeing the U.S. wealth management space for a while, must be patient as such companies don't...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser to H.J. Some of the other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DirecTV and Pfizer Inc's $17...

  • LONDON/ BOSTON, April 23- London- based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed. The Denjoy Integral Fund- which bets on both rising and falling shares- recorded overall returns of 13.9 percent since...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser for H.J. The other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DIRECTV and Pfizer Inc's $17 billion...

  • Lazard adjusted profit rises 27 pct Thursday, 23 Apr 2015 | 7:10 AM ET

    April 23- Investment bank and asset manager Lazard Ltd reported a 27 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $103 million, or 77 cents per share, in the first quarter ended March 31, from $81.3 million, or 61 cents per share, a year earlier. Lazard said M&A and other...

  • FRANKFURT, April 23- Deutsche Bank faced a multi-billion-dollar fine on Thursday as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London- based subsidiary to manipulate interest rate benchmarks. Deutsche Bank is likely to pay more than $2 billion to U.S. and British authorities over the attempted...

  • Vitamin Shoppe rises as Carlson Capital boosts stake Wednesday, 22 Apr 2015 | 4:11 PM ET

    NEW YORK— Shares of nutritional supplement seller Vitamin Shoppe jumped Wednesday after the asset management firm Carlson Capital said it has boosted its stake in the company. Carlson Capital LP disclosed ownership of about 1.6 million shares of Vitamin Shoppe, giving it a 5.3 percent stake in the company. In a form filed with the Securities and Exchange...

  • ON THE MOVE-RBC hires two advisers from UBS Wednesday, 22 Apr 2015 | 11:53 AM ET

    April 22- RBC Wealth Management, part of Royal Bank of Canada, hired two advisers at Naples, Florida from UBS Financial Services Inc, the wealth management unit of UBS AG. Dustin Smith and James Rubinton managed $289 million in client assets at UBS. RBC said on Monday it hired three Morgan Stanley financial advisers, Brian Friday, Richard Bondi and Eric Gregory, at a...

  • *China set to allow daily repatriation from QFII scheme- sources. HONG KONG, April 22- China is set to enhance the convertibility of its yuan currency by allowing capital to be taken out on a daily basis from the largest investment scheme open to foreign investors, people with knowledge of the plans told Reuters. Currently, foreign asset managers and banks...

  • FOREX-Euro turns up as dollar trims gains Tuesday, 21 Apr 2015 | 11:47 AM ET

    *Euro pares losses over Greece. The report aggravated worries that Greece was heading towards a cash crunch, which would force it to default on its debt and eventually exit the currency union. "We are having a bit of a flight to safety relating to Greece," said Kathy Lien, managing director at BK Asset Management in New York.

  • PARIS, April 21- Proxy advisory firms are threatening to block key financial resolutions at French aerospace group Safran, opening a second front in a battle between the French government and institutional investors over a new corporate law. Safran has been able to sidestep the row over "one share, one vote" at companies such as Renault because it already has a...