NEW YORK, April 16- Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter of 2013..» Read More
*Treasury to sell $96 bln in 2, 5, 7- yr debt next week. NEW YORK, Oct 25- U.S. "The market continues to do better here in an environment where the Fed is not tapering quantitative easing until sometime in 2014," said Gary Pollack, head of fixed income trading at Deutsche Bank Private Wealth Management in New York.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago but reported an outflow of investor cash from its equity funds.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago. For the three months ended Sept. 30 the Baltimore asset manager reported net income of $86.3 million, or 70 cents per share, up from net income of $80.8 million, or 60 cents per share, in the same period in 2012..
*China to retain ban on overseas exchange's warehouses in free-trade zone. SHANGHAI, Oct 25- Conditions are ripe for the launch of commodities options, China's securities regulator said on Friday, a sign that it will soon approve some of the options contracts proposed by local futures exchanges.
Customers withdrew more money than they added for a variety of reasons among the firms, which include T. Rowe Price Group Inc, Franklin Resources Inc, Janus Capital Group Inc, and at Federated Investors Inc..
NEW YORK, Oct 24- Apax Partners LLP is in advanced talks to acquire medical cost containment services company One Call Care Management Inc from Odyssey Investment Partners LLC for more than $2 billion, three people familiar with the matter said on Thursday.
*Credit Suisse Q3 net 454 mln Sfr vs 705 mln Sfr poll avg. ZURICH, Oct 24- Credit Suisse will shrink interest rate trading after revenue and profit at its investment bank slid in the third quarter, it said on Thursday, further scaling back an area squeezed by strict new regulation and a drop in activity.
Traffic to Barajas airport has dropped as Spain's economic crisis cut domestic tourism and business travel. Investment bank Lazard and Spain's N +1 brokerage are helping with a search for investors for a public launch of at least 49 percent of Aena, which operates 46 Spanish airports and London's Luton, and has stakes in 14 Latin American airports.
*Third-qtr adj profit $0.46/ shr vs est $0.36. Oct 24- Investment bank Lazard Ltd reported a better-than-expected 81 percent jump in quarterly profit due mainly to higher revenue in its asset management unit, which now accounts from more than half of its business.
Oct 24- Investment bank Lazard Ltd reported an 81 percent rise in quarterly profit, driven by higher revenue from asset management and financial advisory businesses. Net income attributable to common shareholders rose to $60.3 million, or 45 cents per share, in the third quarter from $33 million, or 26 cents per share, a year earlier.
*Credit Suisse Q3 net 454 mln Sfr vs 705 mln Sfr poll avg. *Ups cost-cutting target by 100 mln Sfr to 4.5 bln Sfr. ZURICH, Oct 24- Credit Suisse will shrink interest rate trading after revenue and profit at its investment bank slid in the third quarter, it said on Thursday, further scaling back an area squeezed by strict new regulation and feeble activity.
Oct 23- Edward Andrews Homes, a single-family homebuilder and land developer, said it has teamed up with the real estate arm of Carlyle Group LP to build single-family homes, a sign of continuing private equity interest in the U.S. property market.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing a $6 billion deal with a group of institutional investors to settle claims that the bank sold them substandard mortgage-backed securities in the run-up to the financial crisis, a source familiar with the talks said.
BRASILIA, Oct 22- Brazil's state-run BNDES, the largest development lender in the Americas, is crowding out private-sector banks from corporate credit markets, and the government should phase out financial support for the bank, the Organization for Economic Co-operation and Development said on Tuesday.
*Gjensidige beats forecast, announces special dividend. Norwegian insurer Gjensidige jumped 8 percent after announcing third-quarter earnings that beat forecasts and a surprise special dividend, while Swedbank, Sweden's second largest bank by value, climbed 4 percent after operating profit beat forecasts.
NEW YORK, Oct 21- A former Jefferies Group Inc managing director must face trial on criminal charges that he defrauded a federal bank bailout program by falsifying the prices of mortgage securities, a Connecticut federal judge ruled on Monday.
In a time of dizzying capital flows in emerging markets, Mexico looks positively stable by comparison.
In his first TV interview in Asia, group CEO Antony Jenkins describes how the bank plans to raise additional capital to meet new regulatory requirements.
Hedge fund investors have begun to like stocks again—just in time for what appears to be a rough summer ahead for the equity markets.