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Capital Markets Investment Banking and Brokerage

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  • NEW YORK, July 24- The trustee liquidating the bankrupt brokerage unit of Jon Corzine's MF Global Holdings Ltd on Friday announced an agreement that would enable unsecured creditors to recoup nearly everything they are owed, and largely conclude the unit's nearly four-year liquidation. James Giddens, the trustee, said he would sell various claims held by the...

  • Big banks return to managing money, here's why... Friday, 24 Jul 2015 | 7:18 AM ET
    Big banks return to managing money, here's why...

    Jonathan Thomas, American Century CEO, discusses the return of big bank to wealth management. I think the country is under-served in this space, say Thomas.

  • HONG KONG, July 24- Private equity firms KKR& Co and TPG Capital are making poor returns on their investment in China International Capital Corp, the country's oldest investment bank that is readying an IPO but has struggled to compete with younger rivals. CICC, formerly led by Levin Zhu, the' princeling' son of former Chinese premier Zhu Rongji, filed late on...

  • Greenhill posts 2Q profit Thursday, 23 Jul 2015 | 5:42 PM ET

    NEW YORK _ Greenhill& Co. on Thursday reported second-quarter net income of $9.4 million. The bank, based in New York, said it had earnings of 30 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • ISTANBUL, July 22- HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million- $750 million in the next few days, two people familiar with the matter told Reuters on Wednesday. Acquiring HSBC's business would allow ING to roughly double its around $15 billion of assets in Turkey, putting it on better footing in a highly...

  • Goldman bets on European stocks, steers clear of U.S. Tuesday, 21 Jul 2015 | 10:48 AM ET

    LONDON, July 21- With market jitters over Greece receding, Goldman Sachs is advising clients to load up on European stocks at the expense of U.S. assets. The investment bank upgraded its short-term view on European equities to "overweight" from "neutral" in a note dated July 20, which cited the recent deal to start negotiating a new Greece debt package as one of the...

  • NEW YORK, July 17- Japanese insurers including MS&AD Insurance Group Holdings Inc and Sompo Japan Nipponkoa Insurance Inc are seeking mergers with peers in the United States, as a declining population at home forces them to pursue markets that are growing overseas. Property and casualty insurers are particularly hungry for non-domestic acquisitions...

  • July 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a stronger-than-expected rise in second-quarter profit as legal and restructuring expenses declined. Like other banks, JPMorgan has been under pressure to cut costs because low interest rates have weighed on revenue for far longer than expected. JPMorgan's non-interest expenses declined 6...

  • July 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a stronger-than-expected rise in quarterly profit as legal and restructuring expenses declined. JPMorgan's shares were up 1.3 percent to $69 in premarket trading on Tuesday. JPMorgan is the first of the U.S. banks with large capital markets and investment banking operations to report...

  • JPMorgan profit rises as expenses fall Tuesday, 14 Jul 2015 | 7:10 AM ET

    July 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined. Net income rose to $6.29 billion from $5.98 billion a year earlier. JPMorgan is the first of the U.S. banks with large capital markets and investment banking operations to report second-quarter results.

  • *Investment bank core to Barclays- chairman. *Barclays investment bank down two to 8th biggest in world. LONDON, July 14- Any investment bankers hoping for an easier ride at British bank Barclays after Chief Executive Antony Jenkins was ousted last week may be in for a surprise.

  • China brokerages come under pressure Sunday, 12 Jul 2015 | 11:10 PM ET
    China brokerages come under pressure

    Cyrus Daruwala, Managing Director for IDC Financial Insights, discusses news that regulator have instructed brokerages over the weekend to enforce tightened controls on trading.

  • Commodities: 'Everything is heading lower' Sunday, 12 Jul 2015 | 8:34 PM ET
    Commodities: 'Everything is heading lower'

    Warren Gilman, Chairman & CEO of CEF Holdings, expects extended declines for energy, iron ore, and precious metals on the back of a broad supply glut.

  • Major East Asian economies continue to stand out in a world where developed countries are struggling with high unemployment and a virtual stagnation.

  • LONDON, July 8- Barclays Chairman John McFarlane has fired the British bank's chief executive just three months after taking the lender's top job, saying an injection of new blood would help accelerate strategic change and boost shareholder returns. McFarlane said on a conference call he had spoken to Jenkins last week about his position after independent...

  • Why was Antony Jenkins ousted? Wednesday, 8 Jul 2015 | 5:40 AM ET
    Why was Antony Jenkins ousted?

    David Weild, CEO of Weild & Co, discusses the investment banking sector, in particular the recent news concerning Barclays.

  • LONDON, July 8- British bank Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change and boost shareholder returns. Shares in the bank were up 3.2 percent at 260.2 pence by 0845 GMT, having dropped the previous session to a two-month low.

  • LONDON, July 8- British lender Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change at the bank and boost shareholder returns. Shares in the bank jumped in early trade and were up 2.6 percent at 258.80 pence by 0735 GMT. Barclays said Jenkins, who had...

  • *Beijing presses China's top brokers to support stocks. HONG KONG, July 8- The business plans and overseas ambitions of Chinese brokerages are being shelved as Beijing pushes them to use their resources to arrest a dramatic plunge in domestic equity markets that is threatening China's economic stability. Haitong International Securities Group Ltd, China's...

  • Less than four years after beating a separate federal case, Sergey Aleynikov convinced a state judge to overturn a jury verdict in May. Manhattan Supreme Court Justice Daniel Conviser wrote in his 72- page opinion that, while Aleynikov "doubtless acted wrongly" by copying code from Goldman's servers before he left the investment bank to join a Chicago trading...