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Capital Markets Investment Banking and Brokerage

  • EXCLUSIVE-INTRAWEST RESORTS HOLDINGS INC WORKING WITH INVESTMENT BANKS TO EXPLORE SALE-SOURCES.

  • Jan 12- Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters. Wall Street banks have been cutting staff and curbing compensation for years to cut costs.

  • *Morgan Stanley owns 33.3 pct stake in China securities JV. *UBS holds about 25 pct stake in China securities JV. China allowed foreign banks to boost holdings in securities joint ventures to a maximum 49 percent in 2012 from the previous cap of a third to help modernize its capital markets.

  • ACCRA, Jan 8- Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on Sunday. Ghana which exports cocoa, gold and oil is halfway through a three-year $918 million aid deal with the International Monetary Fund to restore fiscal balance to an economy dogged by...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • LONDON, Jan 4- Investment banking fees fell 7 percent worldwide in 2016, dragged down by a 23 percent fall in equity capital market fees, Thomson Reuters data showed on Wednesday, raising the pressure on banking giants fighting to restore profitability. The sharpest falls were in Europe Middle East and Africa where a 20 percent drop in total fees in southern...

  • Cavalli, who has worked in Singapore for the past 15 years, will take on his new role in addition to his existing post as the Swiss bank's head of private banking in Southeast Asia. Singapore is an important center for Credit Suisse's private banking business, with the country its second-largest center outside of Switzerland. The bank said it was also making Tan...

  • Jan 3- Jefferies Group LLC has hired four senior Credit Suisse AG loan team members, according to people familiar with the matter, reflecting anticipation for new trading opportunities around leveraged finance. The hires include Credit Suisse veteran Jonathan Moneypenny, who will co-head global leveraged finance capital markets alongside Brian Wolfe.

  • *Saudi's Al Tayyar pulls back after surge on Sunday. DUBAI, Jan 2- Gulf stock markets were mixed on Monday as most reopened after the New Year, with Oman falling after the release of an austere state budget for 2017. Egypt edged down although foreign investors remained net buyers of stocks. Dubai's index rose 0.2 percent as much activity focused on speculative...

  • BERLIN, Jan 1- Deutsche Bank Chairman Paul Achleitner has ruled out a European merger or a state bailout after the lender's mortgage settlement with the U.S. Department of Justice, Frankfurter Allgemeine Sonntagszeitung reported. The bank, Germany's biggest, last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and...

  • 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...