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Capital Markets Investment Banking and Brokerage

  • BEIJING, Feb 26- China will focus on stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said on Sunday. "We will not waver from reforms more market-based, law-based and international, Liu Shiyu, chairman of the China Securities Regulatory Commission, told a news...

  • BEIJING— China needs to do more to stop risky behavior in its stock market, a regulator said Sunday, following a 2015 collapse in share prices and complaints investors are engaged in a dangerous new round of speculative buying. Regulators need to stop "blind expansion" by financial firms, the deputy chairman of the China Securities Regulatory Commission, Li Chao,...

  • MILAN, Feb 24- Hampered by persistent political risks and sluggish economic growth, Europe's equity markets have disappointed investors for years. Political worries compounded by a series of uncertain national elections in Europe this year are sometimes cited as a factor holding investors back. Yet for those who have drawn lessons from how European stocks...

  • The SEC's decision comes after the U.S. Court of Appeals for the District of Columbia ruled in January that the regulator overstepped its authority when it barred attorney and stock broker Gregory Bartko from working in various financial services sectors, including the transfer agent and municipal securities industries. The SEC has routinely taken civil...

  • LONDON, Feb 23- Most European investment bankers received smaller bonuses in 2016 as their employers cut costs and sought to meet shareholder demands for a greater share of profits. But while bankers' pay has been the target of political and public anger, the financial services industry is still where the big bucks are, with the average salary about 30 percent...

  • *Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...

  • *Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...

  • Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world's biggest initial public offering and could raise up...

  • Feb 21- Tribune Media Co, one of the largest U.S. television station operators, said on Tuesday that activist investor Starboard Value LP had taken a 6.6 percent stake in the company. Tribune's shares were up nearly 2.5 percent at $34.54 in trading after the bell. Tribune had hired investment banks Moelis& Co and Guggenheim Securities as financial advisers early...

  • NEW YORK, Feb 21- Embattled U.S. currency broker FXCM Inc said on Tuesday it has changed its company name to Global Brokerage Inc, two weeks after it had been ordered by the Commodities Futures Trading Commission to cease operations in the United States for fraud. Niv also resigned as director of FXCM Group. The commission also ordered Forex Capital Markets, its...

  • PARIS, Feb 21- France's second-biggest retail bank BPCE announced plans on Tuesday to trim and reorganise its branch network and invest in online banking, as it targets annual cost savings of 1 billion euros by 2020.. The plan to merge and simplify the organizational structure of its regional banks would result in 750 million euros of "cost savings in a full year...

  • This man walked away from a $600M Wall Street hedge fund to chase his dream

    This former Wall Streeter is turning trading algorithms into fine art.

  • Sean Stewart, 35, chose "personal convenience, personal appearance and family benefits" over requirements that he protect secrets he learned as an executive in mergers and acquisitions at JPMorgan Chase& Co. and Perella Weinberg Partners LP, U.S. Besides the prison term, the judge ordered Stewart, who lives in Manhattan, to spend a year in home detention...

  • NEW YORK, Feb 17- A former Wall Street investment banker was sentenced to three years in prison on Friday after he was convicted of engaging in insider trading by repeatedly tipping his father off to unannounced healthcare mergers. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was sentenced by U.S.

  • NEW YORK, Feb 17- A former Wall Street investment banker was sentenced to three years in prison on Friday after he was convicted of engaging in insider trading by repeatedly tipping his father off to unannounced healthcare mergers. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was sentenced by U.S.

  • RIYADH, Feb 16- The Saudi Stock Exchange appointed Sarah Al-Suhaimi, chief executive of investment bank NCB Capital, as its first female chair on Thursday, in a sign of change in the conservative society. Suhaimi, who became the first female chief executive of a Saudi investment bank when she took that post at NCB Capital in 2014, is one of only a few women with a top...

  • RIYADH, Feb 16- The Saudi Stock Exchange appointed Sarah Al-Suhaimi, chief executive of investment bank NCB Capital, as its first female chair on Thursday, in a sign of change in the conservative society. Suhaimi, who became the first female chief executive of a Saudi investment bank when she took that post at NCB Capital in 2014, is one of only a few women with a top...

  • Feb 15- A former Los Angeles investment banker was sentenced to more than 11 years in prison by a federal judge on Wednesday for his role in a stock manipulation scheme, resolving one of two criminal cases facing the man once dubbed "Porn's New King." Jason Galanis, 46, admitted last year to securities fraud, investment adviser fraud and two conspiracy charges in...

  • *Total investment banking fee fell 6 pct in India in 2016. HONG KONG/ MUMBAI, Feb 15- BofA Merrill Lynch, UBS and Standard Chartered are among banks scrambling to win advisory roles in a potential merger involving Vodafone in India, sources said, as they chase a rare big deals-related payday in the country. That is about 10 percent of the total investment banking fee...

  • The International Monetary Fund's Christine Lagarde is one of this year's attendees of the Bilderberg Meetings.

    IMF head Lagarde said she is keeping an eye on President Trump's attempt to roll back the law put in place after the financial crisis.