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Capital Markets Investment Banking and Brokerage

  • Dick Bove

    Bank stocks need more than Trump promises of deregulation and Fed signals of higher rates, the influential banking analyst tells CNBC.

  • BRUSSELS, Jan 24- The European Investment Bank, the EU's lending institution, will maintain a target of investing around 20 billion dollars a year to fight climate change over the next five years, it said on Tuesday, sending a warning to climate skeptics. "We, Europeans, must lead the free world against climate skeptics," the EIB president Werner Hoyer said at a news...

  • DAVOS, Switzerland, Jan 20- U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. At the annual gathering of the world's political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas' rivals to focus less on Trump's...

  • NEW YORK, Jan 19- A former Los Angeles investment banker once dubbed "Porn's New King" pleaded guilty on Thursday for the second time in a year to engaging in securities fraud, admitting to participating in a scheme that cheated investors and a Native American tribe. Jason Galanis, 46, entered his plea in Manhattan federal court to charges that included securities...

  • The investment manager developed by UK pension funds to invest in UK infrastructure, appointed Tony Poulter as chairman. The company appointed Phil Roberts to lead investment banking in EMEA, and Phillip Hall to head the structured finance business in the region. The global advisory, broking and solutions firm named Mike Liss as head of its corporate risk and...

  • NEW YORK/ LONDON, Jan 17- Blockchain technology could help the world's largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture. The report, published on Tuesday jointly with benchmarking firm McLagan- part of consultancy Aon Hewitt- is based on an analysis of cost data from eight of the...

  • Brian Moynihan, president and chief executive officer of Bank of America Corp. (l), and Jamie Dimon, chief executive officer of JPMorgan Chase & Co. (r).

    Jim Cramer weighed in on the action of the banks, and what it could mean for earnings in the future.

  • 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...