Capital Markets Investment Banking and Brokerage

  • LONDON, Aug 14- Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay. Advisory boutiques have captured 44 percent or $1.7 billion of total completed M&A deals fees...

  • The financial district in London.

    It’s a matter of when, not if, the U.K. leaves the EU. But it’s probably not going to go the way the pundits have predicted.

  • Investment banking fees and M&A activity hit a low post-Brexit

    Hilary Wilson, business development manager of investment banking strategy division at Dealogic, discusses M&A activity since the Brexit vote.

  • The New York- based investment bank has appointed two co-heads of North American healthcare investment banking, Jennifer Fox and Toby King, the memo said. In addition, Anthony Hartley took on the role of head of healthcare investment banking for Europe, the Middle East and Africa, the memo said. Healthcare investment bank Leerink Partners LLC hired veteran...

  • NEW YORK, Aug 11- Wells Fargo& Company named David Kowach to head its retail wealth management division, Wells Fargo Advisors, the nation's third-largest brokerage, on Thursday. He succeeds Mary Mack, who left Wells Fargo Advisors last month to head up Wells' community banking business. In his new role, he will takes on managing an additional 4,000 bankers under the...

  • Bank customers use ATMs at a Chase Bank branch in New York City.

    Consumer bank CEO Barry Sommers says that despite growing automation, his institution is still building retail locations.

  • Question marks

    Big financial institutions are under pressure, from looming layoffs, to lower-for-longer interest rates.

  • SAO PAULO, Aug 11- Carlyle Group LP and Brazilian investor Guilherme Paulus raised a combined 1.230 billion reais from the partial sale of their stakes in Brazilian travel agency CVC Brasil Operadora SA, a sign investors are slowly returning to Latin America's largest equity market. Before the offering, Carlyle and Paulus had about 69 percent of Brazil's...

  • SAO PAULO, Aug 10- Grupo BTG Pactual SA, a Brazilian investment bank that has slashed assets by one-fourth since the November arrest of founder André Esteves, is considering share buybacks or even takeovers after the cutbacks will leave it with $1 billion in excess capital. Executives at BTG Pactual said on Wednesday they are open to all options to deploy spare...

  • Aug 10- Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday. Year-end compensation will down 5 to 15 percent for investment bankers that advise on mergers and acquisitions, according to the most widely followed report concerning compensation on Wall...

  • BEIJING, Aug 10- China's outstanding household mortgages are growing rapidly, fuelled by property demand, but the growth is unsustainable in the long-term, a Chinese investment bank has said in a report. Total outstanding mortgages grew 31 percent on the year to stand at 16.8 trillion yuan by June, to account for 24 percent of annualised GDP over the past year, a low...

  • *HKEX commods H1 EBITDA dips to HK $513 mln from HK $632 mln yr ago. Aug 10- Core first-half earnings of the Hong Kong bourse's commodity division slumped by 19 percent as trade in metals declined while hiring linked to a new spot commodities trading platform in China drove up costs, the exchange said on Wednesday. Earnings before interest, tax, deprecation and...

  • Donald Trump

    Top bankers and campaign financiers were caught off guard by recent statements from the GOP presidential candidate.

  • A Wal-Mart package is unloaded from a trailer to be sorted at a FedEx ground hub in Hagerstown, Maryland.

    Allen & Co. represents Wal-Mart in the latest sign that smaller upstarts are challenging the big banks on merger deals.

  • LONDON, Aug 7- Italy's troubled lenders are offering lucrative opportunities for investment banks, with Monte dei Paschi di Siena set to pay some of the highest fees in Europe this year to arrange its high stakes rescue plan. The emergency deal, orchestrated by Mediobanca and JPMorgan, to save the 544- year-old bank, will incur about 250 million euros in...

  • *Equity trading revenue graphic: http://tmsnrt.rs/2aT843C. LONDON, Aug 5- Stock markets may be nudging their highest ever levels, but that's scant consolation for many of the world's big investment banks, where revenues from equity trading, an area they have invested in heavily, fell heavily in the second quarter. Caution ahead of Britain's European Union...

  • NEW YORK, Aug 4- A former Wall Street investment banker proclaimed on Thursday that he was innocent of insider trading charges, testifying that he never tipped his father off to inside information about healthcare mergers. Sean Stewart, who worked at Perella Weinberg Partners and JPMorgan Chase& Co, took the stand in his own defense, telling jurors in federal...

  • Burgers on a grill

    One of Wall Street's biggest businesses is under growing pressure from competitors old and new.

  • Governor of the Bank of England Mark Carney hosts a quarterly Inflation Report press conference at the Bank of England in central London, Britain August 4, 2016.

    Cheaper money means the opportunity for more deals, bigger dividends and additional buybacks.

  • Gordon Smith

    Gordon Smith, the bank's CEO of consumer and community banking, says it is determined to hit targets it set two years ago.