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  • Goldman's Solomon on new inversion rules

    CNBC’s David Faber speaks to David Solomon, Goldman Sachs’ co-head of investment banking, on why corporations are trying to issue debt in Europe.

  • BNP Paribas reports net profit growth

    Lars Machenil, CFO of BNP Paribas, discusses the company's first quarter results, but says its corporate and investment banking division weighed on earnings.

  • May 2- Goldman Sachs Group Inc could benefit if it expanded its traditional banking by acquiring online brokerage E* Trade Financial Corp given the Wall Street bank's revenue has been largely flat this decade, said CLSA analyst Mike Mayo. The bank, which carries out consumer, corporate and private banking through GS Bank USA, has initiated the expansion of...

  • Goldman Sachs eyeing 'mass affluent' borrowers

    The bank has a new strategy to expand its client base by partnering with smaller brokerages and wealth management firms.

  • By Sinead Cruise, Simon Jessop and Joshua Franklin. LONDON/ ZURICH, April 28- Credit Suisse investors want answers from CEO Tidjane Thiam about his turnaround plan in the wake of $1 billion of unexpected trading writedowns at the bank, which has lost more than a third of its value since he joined 10 months ago. But the 53- year old is expected to receive a lukewarm...

  • LONDON, April 28- Lloyds Banking Group bucked the downward trend among major British lenders on Thursday, maintaining flat first quarter revenue and cutting bad debts despite a tough economic environment. Lloyds, Britain's largest mortgage lender, reported underlying pre-tax profit of 2.1 billion pounds in the first quarter of this year, compared with a...

  • April 27- The head of a brokerage industry watchdog says he will leave behind at least one piece of unfinished business when he retires this year: improving access to data so that regulators can more quickly halt problem brokers, and investors can avoid them. In an interview with Reuters on Wednesday, Richard Ketchum, chairman and chief executive of the Financial...

  • TOKYO, April 27- Japan's Sumitomo Mitsui Financial Group plans to merge its two brokerage units, sources with direct knowledge of the matter said on Wednesday, as the banking group seeks to strengthen its investment banking and securities business. Japan's third-largest lender by assets is planning to combine SMBC Nikko Securities Inc and SMBC Friend...

  • Goldman's 'lost decade'

    Richard Bove, Rafferty Capital Analyst, discusses his recent note about Goldman Sachs, saying that the company must rethink its strategy after a "lost decade."

  • LONDON/ BRUSSELS, April 25- The European Union's investment arm is to lend Britain 1 billion pounds to help build more social housing, it said on Monday, its largest ever support for such programmes within Europe. The European Investment Bank denied an accusation by campaigners wanting Britons to vote to leave the EU in the national referendum in June that it was...

  • *UK lenders also face investor concerns over Brexit. LONDON, April 25- Britain's top banks are set for one of their worst first-quarter earnings seasons since the financial crisis, adding to their struggle to win over investors against a backdrop of misconduct charges, a weak economic outlook and uncertainty over Brexit. Despite shoring up their capital bases...

  • Singapore authorities raid brokerages

    Singapore's central bank is running an investigation into possible breaches of securities laws.

  • UK GOV'T SAYS EUROPEAN INVESTMENT BANK HAS STATED IT STANDS READY TO CONSIDER POSSIBLE FINANCING FOR NEW INVESTMENT IN UK STEEL INDUSTRY ON BASIS OF SPECIFIC PROPOSALS.

  • Pedestrians hold an umbrella in the rain while walking on Wall Street

    Wall Street banks are seeing profitability slide, and have no choice but to take it out on their own.

  • NEW YORK, April 19- Electronic bond-trading platform OpenBondX said on Tuesday it would pay rebates to dealers that post prices on its venue that lead to executed trades, bringing a controversial pricing model popular in the U.S. equities market to bond trading. Telephone-based traders at banks still dominate corporate bond trading, but electronic trading...

  • *1st- qtr EPS $2.68 vs. est. *Revenue $6.34 bln vs. est. April 19- Goldman Sachs Group Inc's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years as market volatility hit the Wall Street bank's bond trading and investment banking businesses.

  • *Q1 EPS 55 cents vs. est. *Rev $7.79 bln vs. est. April 18- Morgan Stanley's quarterly profit fell by more than half as the Wall Street bank's fixed-income trading and investment banking businesses took a hit from market volatility early in the year.

  • April 18- Morgan Stanley's quarterly profit more than halved as the Wall Street bank's trading and investment banking businesses took a hit from market volatility early in the year. Earnings applicable Morgan Stanley's common shareholders fell 54.4 percent to $1.06 billion, or 55 cents per share, in the quarter ended March 31, from $2.31 billion, or $1.18 per...

  • The profit decline is the biggest among big U.S. banks that have reported first-quarter results so far, but lower operating expenses helped Citigroup beat Wall Street's low expectations. Banks globally have had a tough start to the year amid near-zero interest rates and a slowdown in China. Revenue from fixed income markets fell 11.5 percent to $3.09 billion...

  • Valeant has turned to investment banks that include Goldman Sachs Group Inc and Centerview Partners Holdings LLC as it reviews strategic options and seeks advice on dealing with its creditors, the people added. Both Valeant Chief Executive Officer Michael Pearson and board member William Ackman, who is also the CEO of activist hedge fund Pershing Square,...