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  • UPDATE 1-Raymond James revenue slips from prior quarter Wednesday, 21 Jan 2015 | 5:51 PM ET

    NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, a 6 percent rise over last year, but a 3 percent drop from the record high revenue posted in the prior quarter. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for...

  • Uber raises $1.6 billion in financing from Goldman Sachs Wednesday, 21 Jan 2015 | 5:32 PM ET

    NEW YORK— Popular ride-hailing app Uber has raised $1.6 billion in a deal with Goldman Sachs wealth management clients. Goldman Sachs spokeswoman Andrea Raphael says the financing comes in the form of a bond that can later be converted into stock when Uber goes public. That puts it in the ballpark of public companies such as DirecTV and Kraft Foods.

  • Raymond James fiscal 1st-qtr revenues up 6 pct Wednesday, 21 Jan 2015 | 4:46 PM ET

    NEW YORK, Jan 21- Brokerage and investment bank Raymond James Financial Inc said on Wednesday its fiscal first-quarter revenues totaled $1.25 billion, up 6 percent from last year, but down 3 percent from the previous quarter due to a seasonal slowdown. The St. Petersburg, Florida- based company reported net income of $126.3 million, or 87 cents per share, for the...

  • Uber to raise $1.6 billion in convertible debt-source Wednesday, 21 Jan 2015 | 4:02 PM ET

    Jan 21- Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc, a person familiar with the matter told Reuters. The U.S. car service, which allows people to summon rides at the touch of a button, plans to use the money to build its presence in international markets,...

  • Jan 21- TD Ameritrade Holding Corp's quarterly profit rose 9.9 percent from a year earlier on strong trading by clients and fees from new money they deposited into their brokerage accounts. Low interest rates are pressuring money that TD Ameritrade and other discount brokers reap by investing cash held in client accounts. TD Ameritrade's net interest margin,...

  • Northern Trust beats Street 4Q forecasts Wednesday, 21 Jan 2015 | 7:45 AM ET

    CHICAGO— Northern Trust Corp. shares jumped Wednesday after the wealth management firm reported a much better-than-expected fourth-quarter profit. Analysts surveyed by Zacks Investment Research were anticipating earnings of 81 cents per share. Northern Trust posted revenue of $1.13 billion in the period, also topping forecasts.

  • TD Ameritrade 1Q profit up 10 percent on stronger trading Wednesday, 21 Jan 2015 | 7:36 AM ET

    OMAHA, Neb.— Online brokerage TD Ameritrade Holding Corp. said Wednesday that its fiscal first-quarter profit rose 10 percent as trading revenue and asset-based fees both grew. The Omaha, Nebraska- based company said it earned $211 million, or 39 cents per share, in the quarter that ended Dec. 31. That's up from $192 million net income, or 35 cents per share, a year ago.

  • By Denny Thomas HONG KONG, Jan 21- Investment banking fees surged to a seven-year high of $90.1 billion in 2014, driven by deals in North Asia and Southern Europe, with the huge North American market offering ballast in a sector increasingly expected to see some wobbles this year. Fees for deals done in North Asia leapt 28 percent to $7.4 billion while Southern...

  • LONDON/ BOSTON, Jan 20- COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge. The London- based firm's $1.2 billion COMAC Global Macro fund lost 8.0 percent when the Swiss...

  • Jan 20- A former Toronto stockbroker failed to persuade a U.S. appeals court in Philadelphia to overturn his fraud conviction and 25- year prison sentence for causing more than $55 million of losses in an international stocks scam. A federal jury in February 2010 convicted Georgiou, now 45, of securities fraud, wire fraud and conspiracy over trades in Avicena...

  • NEW YORK, Jan 20- Pacific Investment Management Co said in its 2015 Asset Allocation Outlook report on Tuesday that it has placed an overweight position on global equities, particularly European and Japanese equities, and is underweight on global government bonds and other securities that reflect an exposure to interest rates. U.S. equities, following...

  • *Fourth-qtr adjusted profit $0.39/ shr vs. est. Jan 20- Wall Street powerhouse Morgan Stanley said it would pay a smaller portion of revenue in bonuses to investment bankers and traders this year even in a better revenue environment. Morgan Stanley said it would pay 39 percent or less of revenue from its institutional securities business to employees in 2015....

  • Morgan Stanley misses Wall Street 4Q forecast Tuesday, 20 Jan 2015 | 7:55 AM ET

    NEW YORK— Morgan Stanley's fourth-quarter profit rose as the investment bank recovered from huge legal expenses last year. Like the other big Wall Street firms, Morgan Stanley had difficulties in its fixed income and commodities division. Revenue from equity sales and trading, a key part of Morgan Stanley's business, increased modestly to $1.6 billion from...

  • SYDNEY, Jan 19- Macquarie Group Ltd, Australia's largest investment bank, forecast an up to 20 percent jump in annual profit, with its commodities trading and foreign exchange businesses boosted by investors hedging against swings in asset prices. Macquarie's likely best annual profit since the 2008 global financial crisis vindicates its deep push into...

  • *Average actively managed fund down 14.5 pct in 2014. LONDON, Jan 18- After one of the worst years in memory for commodity funds, even the few managers who found a way to make money last year say they expect a difficult start to 2015.. "It's the worst place to be, but a long/short fund still has a lot of opportunities," said Christian Gerlach, portfolio manager at Swiss&...

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • NEW YORK, Jan 16- Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. This month, the benchmark index fell five sessions in a row, from Jan. 8 through Jan. 15, shedding more than 3 percent in the process. Oil prices have fallen in half in recent months, trading below $50 a...

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc, reeling after customers lost more than $200 million from the surging Swiss franc, is talking to investment bank Jefferies about a possible rescue deal, sources told Reuters on Friday. FXCM's shares plunged nearly 90 percent in premarket trading on Friday, a day after the company said client losses may have...

  • After SNB shock, "Swiss Made" may mean more expensive Friday, 16 Jan 2015 | 11:37 AM ET

    ZURICH, Jan 16- "Swiss Made" has traditionally stood for quality, precision and reliability. Unlike bigger multinationals based in the country, smaller companies tend to produce a higher proportion of their goods in Switzerland, meaning they lack the spread of costs in other currencies that could mitigate the franc's surge. Small and medium-sized companies...

  • LONDON, Jan 16- London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry. Goldman Sachs said on Friday its staff were paid $12.69 billion in compensation and benefits for 2014, up 0.6 percent on 2013. That equated to an average of...