GO
Loading...

Capital Markets

More

  • NEW YORK, July 16- Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals International Inc a "very serious acquirer" and predicted that Allergan Inc cannot rebuff the drug maker on its own.

  • Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 3:04 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • Hedge fund manager Cooperman says market gains will slow Wednesday, 16 Jul 2014 | 12:19 PM ET

    NEW YORK, July 16- Hedge fund manager Leon Cooperman, who has forecast that the Standard& Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now.

  • BOSTON, July 16- The head of Harvard University's endowment said on Wednesday she does not regret the Ivy League school's relatively low 11 percent allocation to publicly traded U.S. stocks during the stock market's long bull run. Harvard has long pioneered investments in alternative assets, including private equity and other less liquid instruments.

  • NEW YORK, July 16- BlackRock Inc, the world's largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. BlackRock's iShares exchange-traded funds business drove the bulk of the asset manager's long-term net flows during the quarter.

  • HONG KONG/ BEIJING, July 16- When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from Ma, the influential executive chairman of Alibaba Group Holding, China's e-commerce giant.

  • BlackRock's second-quarter profit rises 11 percent Wednesday, 16 Jul 2014 | 6:41 AM ET

    The New York- based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 per share, a year earlier.

  • NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.

  • WASHINGTON, July 15- A Republican member of the U.S. Securities and Exchange Commission slammed the Federal Reserve and a council of financial regulators on Tuesday, accusing them of a power grab on everything from asset managers to high-speed trading.

  • WASHINGTON, July 15- A member of the U.S. Securities and Exchange Commission is vowing to defend the regulator's turf against what he said is growing encroachment by the Federal Reserve and a council of financial regulators on everything from asset manager regulation to high-speed trading.

  • NEW YORK, July 15- Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision.

  • *Portugal jitters seen as sign of things to come. LONDON, July 15- Investors are bracing for more "mini-crises" in the euro area's periphery- like that triggered by Portugal's biggest listed bank last week- after a two-year rally that has left stocks and bonds looking pricey.

  • *Bursting of bubble wiped some $50 billion off UAE market. ABU DHABI/ DUBAI, July 15- Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market.

  • UPDATE 1-Higher investment gains boost Goldman profit Tuesday, 15 Jul 2014 | 8:19 AM ET

    July 15- Goldman Sachs Group Inc reported a better-than-expected 5 percent rise in second-quarter profit, driven by strong gains in equity investments and higher revenue from investment banking. The Wall Street bank earned $1.95 billion, or 4.10 per share, in the three months ended June 30, up from $1.86 billion, or $3.70 per share, in the same period a year earlier.

  • JPMorgan's second-quarter net income falls Tuesday, 15 Jul 2014 | 7:33 AM ET

    NEW YORK— JPMorgan Chase, the nation's largest bank by assets, said Tuesday its second-quarter earnings fell 9 percent as revenue at its investment banking and mortgage businesses dropped. The earnings are the first since JPMorgan CEO Jamie Dimon disclosed at the start of this month that he was battling throat cancer.

  • State public pension funds earn 18 percent returns Monday, 14 Jul 2014 | 7:00 PM ET

    The California Public Employees Retirement System had earnings of 18.4 percent for the fiscal year that ended June 30, while the California State Teachers Retirement System had a return of nearly 18.7 percent, The Sacramento Bee reported.

  • *Generali to book net loss of 100 mln euros from disposal. MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender.

  • MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender controlled by billionaire financier André Esteves.

  • NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

  • Fred Buenrostro admitted that he intentionally conspired with a former California Public Employees' Retirement System board member and others to accept bribes and devise a fraudulent scheme involving Calpers' investments.