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  • Jan 15- Bank of America Corp said on Wednesday quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis.

  • Jan 15- Bank of America Corp said its quarterly profit surged by nearly $3 billion, as revenue increased and mortgage losses plunged in the clearest sign yet the bank was shaking off the impact of the financial crisis. The purchase has cost Bank of America more than $45 billion in writedowns and legal settlements.

  • Jan 15- Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Bank of America joins JPMorgan Chase& Co and Wells Fargo& Co in reporting better-than-expected quarterly earnings.

  • Although Spanish builders including Sacyr and FCC have made progress on cleaning up their balance sheets and looking for business abroad, the domestic market property market they depend on is still in free fall.

  • DUBAI, Jan 15- Moelis& Co, an independent investment bank, is set to hire Rami Touma, previously the Qatari investment banking head for Credit Suisse, to help boost its Middle Eastern operations, said four banking and industry sources aware of the matter.

  • BOSTON, Jan 15- Women hedge fund managers have outperformed their male rivals, on average, for the second year in a row, according to professional services firm Rothstein Kass which tracks the industry.

  • Jan 14- In 2010, senior executives at JPMorgan Chase& Co came to realize that interest rates, already at zero for more than a year, ultimately had only way to go: up. "It costs us a significant amount of current income to be positioned this way," JPMorgan Chief Executive Jamie Dimon wrote in a letter to shareholders in April.

  • BOSTON, Jan 14- QFS Asset Management, which used a quantitative approach to global macro investing, said that it is shutting down after 26 years in the business, citing difficult market conditions.

  • Jan 14- JPMorgan Chase& Co posted a 7.3 percent decline in quarterly profit on Tuesday, as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon. Shares of JPMorgan were up 0.3 percent at $57.86 in afternoon trading on the New York Stock Exchange.

  • Jan 14- JPMorgan Chase& Co said on Tuesday that fourth-quarter profit fell 7.3 percent, hurt by weaker investment banking revenue and higher legal expenses.

  • Jan 13- Citigroup's former Chief Operating Officer John Havens has been appointed as non-executive chairman of Napier Park Global Capital LLC, the hedge fund spun out of the bank last year. Napier Park, which has about $5.5 billion in assets under management, was spun out of Citigroup last year and the bank retains a minority stake in it.

  • Liz Ann Sonders, SVP & Chief Investment Strategist at Charles Schwab, explains why she thinks the recent strike against the equity markets is short-term.

  • Jan 13- Legg Mason Inc estimated third-quarter earnings above analysts' expectations as assets under management grew by about $30 billion from the same quarter the year before. The fifth-largest U.S. asset manager said it expects net earnings of between $79 million and $83 million, or 65- 68 cents per share, for the quarter ended Dec. 31.

  • Jan 13- Asset manager Legg Mason Inc said it estimated earnings of between $79 million and $83 million for the quarter ending Dec. 31, above the average analyst estimate. The company said earnings would be between 65 cents and 68 cents, beating the average analyst estimate of 60 cents, according to Thomson Reuters I/B/E/S.

  • LONDON/ PARIS, Jan 10- Spanish, Italian and Portuguese equities have been star performers in 2014 so far, but not everyone is convinced, and bets on a future retreat in the euro zone periphery are rising.

  • Jan 9- The chief investment officer of Calpers, California's $282 billion pension fund for public employees, is taking leave to resume cancer treatment, a spokesman said on Thursday. Ted Eliopoulos, senior investment officer for real assets, will serve as acting chief investment officer, Calpers spokesman Brad Pacheco said.

  • NEW YORK, Jan 9- Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship global private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.

  • Jan 9- BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. BlackRock agreed to pay $400,000 for the cost of the investigation, but no fine or penalty, and to cooperate in Schneiderman's ongoing industry-wide probe.

  • *China funds score best outperformance in 5 yrs. HONG KONG, Jan 10- For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013- a result set to ensure greater capital inflows into steadily growing China- focused funds.

  • NEW YORK, Jan 9- Credit Suisse Group AG is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank.

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