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  • BRUSSELS, Jan 14- The European Investment Bank has stopped loans to Volkswagen pending an investigation into whether some of its previous funding could been used by the German carmaker to cheat diesel emissions tests. While no link had been proven between any EIB loans and defeat devices, the bank cannot yet exclude a connection between the banned software and "...

  • Big banks Q4 expectations dismal Thursday, 14 Jan 2016 | 5:53 AM ET
    Big banks Q4 expectations dismal

    CNBC's Kayla Tausche provides a preview of big banks' quarterly numbers as the financial sector faces potential loan losses.

  • European Investment Bank puts loans to VW on hold Thursday, 14 Jan 2016 | 5:29 AM ET

    BRUSSELS, Jan 14- The European Investment Bank said on Thursday it had suspended any further loans to Volkswagen while it investigated whether previous funding could have had any link to the German carmaker's emissions test cheating scandal.

  • New China rules for botched IPOs spooking underwriters Thursday, 14 Jan 2016 | 12:27 AM ET

    HONG KONG/ BEIJING, Jan 14- Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing material, bankers and lawyers have told Reuters. "If this is indeed what the regulators are intending to do, it'll change the risk-reward...

  • ZURICH, Jan 12- Ratings agency Moody's has downgraded Credit Suisse's debt rating while raising that of cross-town rival UBS, highlighting the contrasting stages of the two big Swiss banks' restructuring drives. Under Credit Suisse Chief Executive Tidjane Thiam, Switzerland's second biggest-bank is in the early phase of its largest revamp in almost a decade.

  • WASHINGTON, Jan 11- The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS AG convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds. The court left in place a June 2015 ruling by the 2nd U.S. Court of Appeals that upheld the 2012 convictions...

  • These are the major risks in the banking sector Friday, 8 Jan 2016 | 3:30 AM ET
    These are the major risks in the banking sector

    Kian Abouhossein, head of European banking research at JP Morgan, shares his concerns about the banking sector, but recommends the M&A space and investment banking as areas of earnings growth.

  • The fund has helped finance some of the largest leveraged buyouts of the last few weeks, including lending $750 million for the $4.6 billion acquisition of Petco Animal Supplies Inc by a consortium led by private equity CVC Capital Partners Ltd, and $580 million as part of the $4.5 billion sale of business software maker SolarWinds Inc to buyout firms Silver...

  • Jan 6- Morgan Stanley on Wednesday promoted its investment banking chief, Colm Kelleher, to president, making him the heir apparent to current Chief Executive James Gorman, and prompting Greg Fleming, the head of wealth management, to depart. Fleming, who was once seen as a likely successor to Gorman before losing out in a management reshuffle in October, on...

  • Jan 6- JP Morgan Chase& Co's brokerage unit will pay $4 million to settle allegations it misled customers about how it paid brokers, the U.S. Securities and Exchange Commission said on Wednesday. Employees pointed out the false statements on four occasions between 2009 and 2011, but JPMorgan failed to correct the problem, the SEC said. JPMorgan first corrected...

  • BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in non-negotiable notes held by the central bank for U.S. dollar-denominated bonds, as the country moves to bolster currency reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7 billion,...

  • BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7...

  • Barclays to reveal Asia investment banking job cuts Wednesday, 6 Jan 2016 | 2:00 AM ET
    Barclays

    Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources said.

  • SINGAPORE/ HONG KONG, Jan 5- Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources with direct knowledge of the matter told Reuters. In common with other European lenders, Barclays is facing up to a harsh environment for investment banks in Asia after the region's economies and markets...

  • SINGAPORE/ HONG KONG, Jan 5- Barclays Plc will announce job cuts in its investment banking businesses across Asia, including closing the businesses in Korea and Taiwan, people with direct knowledge of the matter told Reuters, in the latest cuts for the London- based lender in the region. If any firm decisions are made, we will provide an update, "a Hong Kong- based...

  • Global investment banking fees fall 8 pct in 2015 Tuesday, 5 Jan 2016 | 6:18 AM ET

    LONDON, Jan 5- Global investment banking fees fell 8 percent in 2015 compared to a year earlier, with a boom in mergers and acquisition activity failing to offset a slump in equity and debt capital markets fees, Thomson Reuters data published on Tuesday showed. Regionally, fees in Europe declined 16 percent compared with a year ago, Asia Pacific fees fell 12 percent...

  • REUTERS BUSINESS SCHEDULE at 2100 GMT/4 PM ET Sunday, 3 Jan 2016 | 4:12 PM ET

    Editor: Dan Grebler: +1 646 223 6200. TOKYO- Japan's central bank, which dominates the domestic bond market, has begun to call the shots in the equity market as well-- to the point where asset managers are looking to design investment funds with the Bank of Japan in mind. LONDON- With crude prices at 11- year lows, the world's biggest oil and gas producers are facing their...

  • SHANGHAI, Dec 29- China's foreign exchange regulator said on Tuesday that a new business supervision system to be launched next month won't change the way Chinese individuals use currencies and has nothing to do with capital market fluctuations. The State Administration of Foreign Exchange published the statement after Shanghai's dollar-denominated B...

  • With close to 40,000 deals announced thus far in 2015, the M&A volume rose 40.8 percent over last year to the record level, according to preliminary Thomson Reuters data, as some of the world's biggest companies pursued their matches. As a result, investment banking fees from completed M&A deals globally increased 5 percent year-to-date to $24.5 billion,...

  • Dealmakers seek respite following record year for mergers Wednesday, 23 Dec 2015 | 10:30 AM ET

    With close to 40,000 deals announced thus far in 2015, the M&A volume rose 40.8 percent over last year to the record level, according to preliminary Thomson Reuters data, as some of the world's biggest companies pursued their matches. As a result, investment banking fees from completed M&A deals globally increased 5 percent year-to-date to $24.5 billion,...