Capital Markets Investment Banking and Brokerage

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • Dec 1- The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help ward off cyber attacks, an internal CFTC audit found. The audit was completed in October by Brown& Company CPAS and Management Consultants PLLC at the request of the CFTC's inspector general. Auditors took issue with the...

  • *Britain and France to remain separate from Frankfurt bank. ZURICH, Dec 1- Swiss bank UBS has set up a bank in Frankfurt to consolidate most of its European wealth management operations, after Britain's vote to leave the European Union dashed London's chances of being the host city. Luxembourg was a contender, along with London until Britain's vote to leave the EU,...

  • SAO PAULO/ SAN FRANCISCO, Nov 30- Online travel agency Decolar.com Inc, one of Latin America's few so-called unicorns, has held preliminary talks with investment banks for a U.S. listing on Nasdaq in the second half of 2017, three people with knowledge of the plan said. New York- based investment firm Tiger Global Management LLC, which owns 60 percent of Decolar.com,...

  • *CIB to sell 70-80 pct of investment bank arm CI Capital. CAIRO, Nov 30- Egypt's largest listed bank Commercial International Bank said it is in talks with local and Gulf investors to sell a 70-80 percent stake in its investment banking arm CI Capital. Sources with knowledge of the discussions had earlier on Wednesday told Reuters that CIB was close to finalising a...

  • CAIRO, Nov 30- Egypt's largest listed bank CIB is close to finalising a deal to sell a 70 percent stake in its investment banking arm CI Capital to a group of local investors, sources with knowledge of the discussions told Reuters on Wednesday. The investors would each hold a minority stake in CI Capital, the sources said. Sawiris said at the time that he planned to...

  • LONDON, Nov 30- Investment banking fees earned in Europe, the Middle East and Africa account for just 24 percent of the global total so far this year, the lowest year-to-date share since records began in 2000, Thomson Reuters data shows. Britain's vote to leave the European Union in June and the ensuing uncertainty, a looming referendum on constitutional reform...

  • LONDON, Nov 29- Goldman Sachs expects the pan-European STOXX 600 index to rise by nearly 6 percent from current levels to 360 points over the next 12 months, betting on modest earnings growth, the firm said on Tuesday. The investment bank also saw Britain's benchmark FTSE 100 index to rise to 7,300 points and the euro zone's blue-chip Euro STOXX 50 index to gain to...

  • TUNIS, Nov 28- The European Investment Bank has agreed to grant loans to Tunisia worth 400 million euros for youth and infrastructure projects, the Tunis government said on Monday. Tunisia's economy has been hit by social unrest and militant attacks following a 2011 uprising that toppled former leader Zine El-Abidine Ben Ali, leaving many young people...

  • Ireland lacks specialised supervisors for risky trade- source. *Bank bailout in 2008 cost Ireland 40 pct of GDP. LONDON/ DUBLIN, Nov 22- Ireland has signalled to several large investment banks it would be reluctant to host large trading operations, banking sources told Reuters, despite Dublin's desire to attract financial sector jobs from London after Britain...

  • Squeezed by bad loans, Italian lenders are starving a weak economy of capital, which may keep the rest of Europe from regaining its economic vigor.

  • Nov 18- The Financial Industry Regulatory Authority said the U.S. Securities and Exchange Commission had approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers. The SEC also approved a similar plan by the Municipal Securities Rulemaking Board, which regulates municipal...

  • JPMorgan Chase CEO Jamie Dimon

    Federal authorities have determined that JPMorgan Chase hired the children of Chinese leaders as part of a quid pro quo to win business, The New York Times reports.

  • Chances of a financial crisis repeat are still much too high, Neel Kashkari tells CNBC.

  • LONDON, Nov 17- Commodities-related revenue at the 12 biggest investment banks fell 22 percent in the first nine months due to weak industrial metals trading and lacklustre investor interest, a report by financial industry analytics firm Coalition said. U.S. oil prices crashed below $27 a barrel on Jan. 20 for the first time since 2003 but ended the third quarter...

  • Nov 14- Starboard Value LP's quarterly filing on Monday showed more companies in its portfolio under takeover pressure from other activist investors. The New York hedge fund, led by Jeffrey Smith, is known for shaking up boards and pushing companies into mergers and acquisitions, as it did with Internet pioneer Yahoo Inc earlier this year.

  • Perella Weinberg, Tudor Pickering to combine

    CNBC's Kate Kelly reports the latest on these two well-known boutique investment banks joining forces.

  • NEW YORK, Nov 9- Banks, stock exchanges and brokers enjoyed a surge in trading volumes on Wednesday after a surprise victory for Republican presidential candidate Donald Trump sent investors scrambling to reposition their portfolios. The surge in trading, which spanned equities, foreign exchange and bonds, was a boon for banks' trading arms, which beat...

  • NEW YORK, Nov 9- Banks, stock exchanges and brokers enjoyed a surge in trading volumes on Wednesday after a surprise victory for Republican presidential candidate Donald Trump sent investors scrambling to reposition their portfolios. The surge in trading, which spanned equities, foreign exchange and bonds, was a boon for banks' trading arms, which beat...

  • M&A bankers in key sectors shifting to Frankfurt. FRANKFURT, Nov 7- Global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up, boosting the city's chances of being one of the financial centers to benefit most from Britain's vote to leave the European Union. The trend puts Frankfurt in a good position to...