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  • Baltic index slips below 300 points to record new low Thursday, 4 Feb 2016 | 10:18 AM ET

    Feb 4- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low. And that creates very tough conditions for shipping, "said Frode Morkedal, Managing director at ship brokerage firm Clarksons Platou Securities. Average daily earnings for capesize vessels,...

  • *Books Q4 impairment charge of 3.8 bln Swiss francs. ZURICH, Feb 4- Credit Suisse reported its first full-year loss since 2008 after booking a big impairment charge at its investment banking business, sending its share price tumbling and piling pressure on new Chief Executive Tidjane Thiam. The shares fell more than 13 percent on Thursday to hit their lowest...

  • European shares get energy boost, Credit Suisse slumps Thursday, 4 Feb 2016 | 3:17 AM ET

    LONDON, Feb 4- European equities bounced back in early trading on Thursday, with commodities-related shares surging after a sharp decline in the U.S. currency that made dollar-priced crude oil and metals cheaper for holders of other currencies. The dollar fell heavily after New York Fed President William Dudley said financial conditions were considerably...

  • ZURICH, Feb 4- Credit Suisse reported its first full-year loss since 2008 as it booked a big impairment charge for its investment banking business under new Chief Executive Tidjane Thiam. Switzerland's second-biggest bank posted a 2015 net loss of 2.94 billion Swiss francs, worse than the median estimate of a 2.12 billion loss in a Reuters poll.

  • Feb 3- Goldman Sachs Group Inc has named Jim Esposito as the new chief strategy officer for its securities division. He has also served as head of its Europe, Middle East and Africa financing group and as chief operating officer of investment banking. "Our industry is undergoing extraordinary change, driven by technology and regulation," the memo said, which was...

  • RCS Capital listed total assets of $2 billion and debts of $1 billion in its Chapter 11 filing in Delaware, court documents showed on Monday. Under the restructuring plan, lenders will inject $150 million into broker-dealer Cetera and ties to Schorsch will be cut by eliminating common shares and some $500 million in preferred stock, court documents showed.

  • NEW YORK/ BUENOS AIRES, Feb 1- Argentina's government returned to debt talks in New York on Monday, expecting to make an offer this week to U.S. creditors suing over unpaid bonds hoping to resolve a decade-long stand-off that has locked the country out of global capital markets. Newly elected President Mauricio Macri told Reuters at the World Economic Forum in...

  • NEW YORK/ BUENOS AIRES, Feb 1- Argentina's government returned to debt talks in New York on Monday, expecting to make an offer this week to U.S. creditors suing over unpaid bonds in a bid to resolve a decade-long stand-off that has locked the country out of global capital markets. Newly elected President Mauricio Macri told Reuters at the World Economic Forum in...

  • Tech spending, asset growth top RIA trends Monday, 1 Feb 2016 | 9:00 AM ET
    Financial advisor

    TD Ameritrade found financial advisors' business grew last year in revenue and assets and they expect more of the same in 2016.

  • Feb 1- RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan its key lenders will assume control of the company. The company listed total assets of $1.98 billion and debts of $1.39 billion, on a consolidated basis, in its bankruptcy filing.

  • ZURICH, Jan 29- Credit Suisse looks set to post its first full-year loss since 2008 next week, with a write-down at its investment bank adding to pressure on Chief Executive Tidjane Thiam to show his turn-around plan is achievable. UBS led the way in 2012 with a similar strategy overhaul to Credit Suisse and is now the world's biggest private bank and market leader...

  • SAO PAULO, Jan 28- Grupo BTG Pactual SA cut about 18 percent of Brazil- based staff on Thursday as the embattled investment-banking firm moved to reduce costs by 25 percent in the wake of the arrest of billionaire founder André Esteves. The bank had 1,653 staff in Brazil. On Wednesday, Reuters reported that up to 25 percent of Brazil employees could be fired to bring...

  • *Posts record 2015 net loss of 6.8 bln eur. FRANKFURT, Jan 28- Deutsche Bank Chief Executive John Cryan urged investors to bear with him as he expects the overhaul of Germany's biggest lender to peak this year, following a record loss in 2015.. Restructuring and severance charges will reach about 1 billion euros in 2016 and litigation costs are to stay high, albeit...

  • Tech veteran Frank Quattrone steps down as Qatalyst CEO Wednesday, 27 Jan 2016 | 9:23 PM ET
    Frank Quattrone

    Qatalyst announced that George Boutros would take over as chief executive, overseeing overall management, the NYT reported.

  • Greenhill posts 4Q profit Wednesday, 27 Jan 2016 | 5:11 PM ET

    NEW YORK _ Greenhill& Co. on Wednesday reported fourth-quarter profit of $7.9 million. The New York- based company said it had earnings of 25 cents per share. Keywords: Greenhill& Co., Earnings Report.

  • If successful, the deal would help the Swiss bank win market share in a highly-competitive wealth management market in Asia, led by global players such as UBS and Citigroup. Credit Suisse is evaluating the synergies it could extract from Barclays' portfolio of high net-worth individuals in Asia, one of the sources said, cautioning a deal was not certain.

  • Jan 21- JPMorgan Chase& Co has joined other Wall Street banks in telling its investment bankers to improve their work-life balance by taking weekends off. But the issue of work-life balance has intensified in recent years following the death in 2013 of a Bank of America Merrill Lynch intern who allegedly had worked 72 hours without sleep. JPMorgan's...

  • Goldman's COO: US slowdown began 4 months ago Thursday, 21 Jan 2016 | 8:18 AM ET
    Goldman's COO: US slowdown began 4 months ago

    Gary Cohn, Goldman Sachs president and COO, address the confusion surrounding the dramatic dip in oil and market volatility. Also Cohn discusses the slowdown in China as the country shifts to a consumer-based economy and US economic slowdown.

  • Gary Cohn: What the 10-year signals Thursday, 21 Jan 2016 | 8:17 AM ET
    Gary Cohn:  What the 10-year signals

    Gary Cohn, Goldman Sachs president and COO, discusses what the 10-year Treasury is signaling as it slips below two percent, and liquidity in the markets.

  • *Bank to close Asia cash equities business- memo. HONG KONG, Jan 21- Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns. Barclays will shut its investment banking businesses in countries including Australia,...