Chi-Won Yoon, CEO, Asia Pacific at UBS, expects reforms in China's financial sector to continue and discusses the company's hiring practices in the mainland.» Read More
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
DETROIT, April 11- Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.
WASHINGTON, April 9- Detroit on Wednesday struck a deal with a core group of creditors that could ease concerns about the treatment of certain bonds in its landmark bankruptcy case and pave the way for compromises with other creditors.
WASHINGTON, April 9- The city of Detroit on Wednesday struck a deal with bond insurers over a key class of debt in its landmark bankruptcy case that significantly reduces bondholder losses and could pave the way for agreements with other creditors.
April 7- A unit of UBS AG must pay $5.4 million to a former broker who alleged the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured notes to clients, a securities arbitration panel ruled.
WELLINGTON, April 7- New Zealand's Commerce Commission said on Monday that its recent investigation of banks in New Zealand was related to the possibility of foreign exchange rate manipulation.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
NEW YORK, April 1- Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion- a-day foreign exchange market.
Gold's slide is set to deepen this week to below $1,270 an ounce if Friday's closely watched U.S. jobs report signals improving labor market growth, CNBC's latest survey of traders and strategists has found.
April 1- Regulators in Hong Kong and New Zealand said on Tuesday that they are investigating banks' conduct in the foreign exchange market as part of an investigation tied to the global probe into FX markets. "The HKMA is investigating into a number of banks in Hong Kong," an HKMA spokeswoman said in the statement.
Switzerland's competition watchdog said on Monday it had opened an investigation into several banks over possible collusion to manipulate foreign exchange rates.
NEW YORK, March 28- In the weeks leading up to the IPO of King Digital Entertainment, the company's bankers scrambled to persuade investors that the maker of popular online game "Candy Crush Saga" was more than a one-trick pony, according to a source familiar with the situation.
NEW YORK/ LONDON March 28- Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this week, pending ongoing international investigations into allegations of collusion and market rigging, a source familiar with the matter said on Friday.
MUMBAI, March 28- After waiting nearly two years, India's GMR Energy plans to file an IPO prospectus in coming days to raise about $250 million, sources with direct knowledge of the deal said, starting what bankers hope is an election-fuelled revival in equity raising.
Victims of the Madoff Ponzi scheme could get back another $349 million under a proposal to a bankruptcy court Tuesday, CNBC's Scott Cohn reports.
Overdevelopment in the real estate sector has Chinese leaders working against a collapse.
The SEC is looking into complex bond deals on Wall Street that may create new opportunities for fraud, The Wall Street Journal reported.
March 24- The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street Journal reported on Monday.
*Departure comes amid probe of JPMorgan's hiring practices. HONG KONG, March 24- JPMorgan Chase& Co's chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo- a departure that comes amid a probe of JPMorgan hiring practices in Asia. A spokesman for JPMorgan declined to comment.