Capital Markets Investment Banking and Brokerage

  • 2016A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany.

    The root of Deutsche Bank's woes can be linked to three derivatives experts brought in years earlier, The NYT reports.

  • SHANGHAI, Dec 31- The Securities Association of China has told brokerages to strengthen their risk management regimes to include reputation risk, SAC said in a statement on its official website late Friday. The changes come at a sensitive time for the brokerage industry. Sealand Securities Co Ltd has been embroiled in a $2.4 billion bond scandal that raised...

  • TOKYO, Dec 29- Nomura Holdings Inc sees opportunities in the pro-business stance of U.S. president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan's biggest brokerage and investment bank. Japanese shares have gained since the New York billionaire's Nov. 8 election, spurred by Wall Street...

  • LONDON, Dec 23- Investment banking deal volumes in Russia rose almost 50 percent in 2016, with domestic advisors leading the charge, but continued sanctions and the economic contraction mean the industry remained a shadow of its former self. According to Thomson Reuters data up to Dec. 14, equity capital market volumes in Russia have more than doubled to $3.1...

  • Q3 economic growth hurts sentiment in Hong Kong. Dec 23- China stocks fell on Friday morning in listless trade, dragged lower by brokerage and insurance shares, as investors shift their focus toward tougher financial regulation and away from a bond scandal whose risks are fading. Hong Kong equities dipped to five-month low on the last trading day before the...

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. Manhattan federal prosecutors announced charges centered on the New York State Common...

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to at least two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. In the latest case, Navnoor Kang, the former director of fixed income at the New York...

  • WASHINGTON, Dec 20- Morgan Stanley will pay $7.5 million to settle civil charges that it violated customer protection rules when it used trades involving customer cash to lower its borrowing costs, U.S. securities regulators said on Tuesday. The SEC's customer protection rule is designed to safeguard investor cash and securities in the event a brokerage firm...

  • Dec 20- Jefferies Group LLC, the investment banking unit of Leucadia National Corp, reported a sharp increase in quarterly profit on Tuesday, driven by strong revenue in its equities and fixed-income securities trading business. Net earnings attributable to Jefferies jumped to $87.18 million in the fourth quarter ended Nov. 30 from $19.96 million a year...

  • Dec 20- Investment bank Jefferies Group LLC reported a sharp increase in quarterly profit, driven by strong revenue in its equities and fixed-income securities trading business. Net earnings attributable to Jefferies rose to $87.18 million in the fourth quarter ended Nov. 30, from $19.96 million a year earlier. Jefferies, a unit of Leucadia National Corp, kicks...

  • MILAN, Dec 19- The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as early as this week. Monte dei Paschi, recently judged the weakest of the European Union's major banks, needs to dispose...

  • Steve Eisman

    Steven Eisman told CNBC on Monday he does not have another big short — or bet against the market — but instead has a big long idea.

  • Steven Eisman, senior portfolio manager at Neuberger Berman.

    Steven Eisman, senior portfolio manager at Neuberger Berman, believes the Trump administration will roll back financial regulations.

  • *Wall Street banks facing tough Asia investment banking business. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volumes remain sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sustained growth after the 2008 financial crisis.

  • *Wall Street banks facing tough Asia investment banking business. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volume remains sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sustained growth after the 2008 financial crisis.

  • Dec 14- Boutique investment banks have grabbed a record share of the global merger and acquisition fee pool off larger Wall Street rivals this year but their stock price performance is trailing bigger peers. M&A levels have slowed and without major lending and trading desks, these firms are not in line for the sort of boost their larger rivals are expected to...

  • Dec 14- Goldman Sachs Group Inc on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council. The Wall Street investment bank said Chief Information Officer R. Martin Chavez would replace Schwartz as chief financial officer...

  • Dec 14- Goldman Sachs Group Inc on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council. The Wall Street investment bank said Chief Information Officer R. Martin Chavez would replace Schwartz as chief financial officer...

  • *Italy's biggest bank plans to raise 13 billion euros. *Italy home to some of Europe's highest fee payers. The bank, which has a market value of 17 billion euros, wants to tap equity markets early next year for one of Europe's biggest rights issues of the past decade, raising 13 billion euros to shield itself from a broader banking crisis.

  • *UniCredit sees central and eastern Europe as growth area. MILAN/ LONDON, Dec 13- Italy's largest bank, UniCredit, plans to raise 13 billion euros in the country's biggest-ever share issue to shore up its balance sheet and shield itself from a broader banking crisis. They come at a turbulent time for Italian banks and the economy- with Monte dei Paschi di Siena at risk...