Capital Markets


  • 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.

  • The SIPC is a corporate non-profit that administers a fund paid for by Wall Street to compensate investors if a brokerage firm collapses. In an unprecedented case, the SEC decided to take legal action against the fund and force SIPC to start court proceedings for victims to file claims.

  • NEW YORK, July 10- Stocks slumped worldwide on Thursday as investors flocked to safe-haven government bonds on fears problems at Portugal's biggest listed bank could herald wider problems for riskier assets. European stock markets were hit hardest as trading in Banco Espirito Santo was halted after a 19 percent drop.

  • Fidelity to cut nearly 500 printing and mailing jobs Thursday, 10 Jul 2014 | 10:34 AM ET

    BOSTON, July 10- Fidelity Investments, the No. 2 U.S. mutual fund company, told employees this week it will cut about 460 jobs, or 1 percent of its workforce, at its printing and mailing operations in Kentucky and Texas.

  • *CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • July 9- Struggling apparel and accessories retailer American Apparel Inc said it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster finances.

  • MOSCOW, July 9- Wall Street bank JPMorgan Chase& Co is reducing equity market staff in Russia as business falls off in areas such as initial public offerings due to the Ukraine crisis, two financial sources said.

  • LONDON, July 8- Energy exchange-traded products attracted almost $200 million in June as investors moved into crude oil after civil war broke out in Iraq, the latest monthly flows data from asset manager BlackRock showed.