For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.» Read More
One of the biggest private equity investors in the banking sector has warned that regulation has depressed profitability, the FT reports.
*Holiday in Japan saps currency markets. SYDNEY, July 21- The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.
*Ukraine and Gaza still dominating headlines. SYDNEY, July 21- The dollar got off to a steady start on Monday as some calm returned to markets following an initial bout of risk aversion stemming from a flare up in geopolitical tensions.
NEW YORK, July 18- Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
The eruption of conflict earlier this year over Ukraine's borders and subsequent economic sanctions against Russia has caused a sharp drop-off in corporate debt issuance from Eastern Europe, including Russia, and massive capital flight from that country.
July 18- Catalent Inc, controlled by Blackstone Group LP, said it expects its initial public offering to be priced between $19 and $22 per share, valuing the company at about $2.57 billion at the top end. The company's major customers include Pfizer Inc, Johnson& Johnson, GlaxoSmithKline Plc, Merck& Co Inc and Novartis AG.
NEW YORK, July 17- Investors in U.S.-based funds poured $4.3 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from Thomson Reuters' Lipper service showed on Thursday.
JPMorgan said that its board of directors allowed $36 million of options previously awarded to Chairman and CEO Jamie Dimon to vest.
NEW YORK, July 17- JPMorgan Chase& Co said on Thursday that its board of directors allowed $36 million of options previously awarded to Chairman and Chief Executive Officer Jamie Dimon to vest.
Strong showings in wealth management and investment banking helped Morgan Stanley more than double quarterly earnings and beat estimates.
The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.
Morgan Stanley's earnings jumped as stronger performances by its investment banking and wealth management businesses made up for a fall in bond trading.
July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.
July 17- Wall Street bank Morgan Stanley's quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.
Rupert Murdoch’s audacious offer for Time Warner that if it succeeds would cement his status as the most powerful U.S. media magnate.
*Wall Street lags central bank's rate-rise expectations. SAN FRANCISCO/ NEW YORK, July 17- Investors may be ignoring subtle warnings from the Federal Reserve that a rate rise may come sooner than they think, setting the stage for another painful market contraction much like last year's "taper tantrum."
July 16- Machine Zone Inc, the developer of popular mobile game "Game of War: Fire Age," is in talks with JPMorgan Chase& Co to raise funding that could value the company at more than $3 billion, the Wall Street Journal reported, citing people familiar with the matter.
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.
NEW YORK, July 16- A U.S. judge said in New York on Wednesday that he would hear arguments next Tuesday related to the banks and payment agents caught up in Argentina's sovereign debt case as a potential default looms at the end of the month.
For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.