The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned IPO of state-owned Japan Post.» Read More
Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares. Citigroup and Goldman Sachs& Co were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus on Friday.
From $1.27 on Friday, predictions by some of the currency market's top 10 banks including Goldman Sachs, Barclays and Morgan Stanley point to the first retreat for the euro to parity or near-parity with the dollar in more than a decade.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.96. Citigroup Inc. rose$. 32 or. 6 percent, to $52.28. Goldman Sachs rose$. 62 or. 3 percent, to $184.71.
A recent move by CalPERS was seen as a victory for critics of hedge funds' high fees and low transparency and liquidity.
LONDON/ BRUSSELS, Sept 25- A row over how strictly new rules on bankers pay are enforced in Britain and across Europe flared on Friday after the European Union banking regulator was reported to be preparing to clamp down on allowances being paid to staff.
Bank of America Corp. fell$. 33 or 1.9 percent, to $16.85. Citigroup Inc. fell $1.30 or 2.4 percent, to $51.96. Goldman Sachs fell $3.72 or 2.0 percent, to $184.09.
Stocks were mildly lower on Thursday, a day after the S&P 500 jumped the most in more than a month.
Bank of America Corp. fell$. 24 or 1.4 percent, to $16.95. Citigroup Inc. fell$. 96 or 1.8 percent, to $52.31. Goldman Sachs fell $3.73 or 2.0 percent, to $184.08.
NEW YORK, Sept 25- Dow Chemical Co has kicked off a process to sell its epoxy and chlorine businesses, hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter.
Bank of America Corp. fell$. 14 or. 8 percent, to $17.05. Citigroup Inc. fell$. 30 or. 6 percent, to $52.96. Goldman Sachs fell $1.68 or. 9 percent, to $186.13.
Vantage Energy said it has postponed its initial public offering of common shares, citing unfavorable market conditions.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.
Vantage was expecting the offering of 23.6 million shares to be priced between $24 to $27 per share, valuing the company at up to $1.95 billion, according to a filing with the U.S. Securities and Exchange Commission earlier this month.
Bank of America Corp. rose$. 13 or. 8 percent, to $17.18. Citigroup Inc. rose$. 42 or. 8 percent, to $53.26. Goldman Sachs rose $2.72 or 1.5 percent, to $187.81.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.01. Citigroup Inc. fell$. 18 or. 3 percent, to $52.67. Goldman Sachs rose$. 75 or. 4 percent, to $185.84.
NEW YORK, Sept 24- Derivative strategists at Goldman Sachs on Wednesday advised clients to buy a near-term straddle on IBM, saying the options market was underestimating the stock's typical post-earnings volatility. Over the past eight quarters, IBM moved an average of 4.6 percent in the week following its report, according to Thomson Reuters data.
Sept 24- Shares of Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland Group Plc, rose as much as 3.5 percent in their market debut, valuing the lender at about $12.5 billion in the biggest U.S. bank IPO since the financial crisis.
Bank of America Corp. fell$. 04 or. 2 percent, to $17.02. Citigroup Inc. fell$. 17 or. 3 percent, to $52.67. Goldman Sachs fell$. 11 or. 1 percent, to $184.99.