Thursday, 19 Nov 2009 | Source: The Associated Press
In another sign that the government's emergency financial programs are being reeled in, the Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's bailouts.
Swiss bank UBS does not expect a recovery of client inflows anytime soon as it continues to struggle to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.
Bumper profits from investment banking polished Deutsche Bank's third-quarter figures, even as Germany's flagship lender grappled with the economic slump by more than doubling provisions for problem loans.
Recently released, the Global Financial Centres Index, which was created by the Z/Yen Group for the city of London, ranks 75 major financial centers in terms of their competitiveness on a global scale. Important factors to gauge a center's competitiveness include people, business environment, infrastructure, market access and general competitiveness, which includes measures such as occupancy costs, tax information and exchange agreements, for a total of 64 instrumental factors.
The global banking industry is a diverse landscape of financial services — consumer, corporate, investment — but with so many players in the marketplace, which are the best in each segment?
JP Morgan changed its preference to traditional, credit-exposed banks from investment banks after regulators pledged to toughen capital rules for financial institutions, Reuters reported Wednesday, quoting research by the bank.
The resurgence of bonus guarantees underscores just how difficult it is to control Wall Street pay, despite the public outcry over how taxpayer money is being spent.
Frank Quattrone, a star Silicon Valley investment banker who advised hundreds of companies during the dot-com boom of the late 1990s, has been quietly counseling about 20 technology companies since March of last year, when he started Qatalyst Partners, a boutique merchant bank.
Tuesday, 23 Jun 2009 | Source: The Associated Press
Huntsman said Tuesday two investment banks will pay it a $1.7 billion settlement over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.
Wednesday, 17 Jun 2009 | Source: The New York Times
Wall Street’s great investment houses have never faced a serious foreign challenge in their own backyard. But as tectonic shifts reverberate through the banking industry, their overseas rivals are edging into some of the most lucrative corners of American finance.
European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.
The Fast Money crew likes Wal-Mart, even more so after a recent breakout from a triangle formation — a very bullish indicator for the retailer.... Read More
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