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Capital Markets Investment Banking and Brokerage

  • Charles Schwab

    Charles Schwab said late Tuesday morning it is experiencing technical difficulties.

  • Pedestrians walk outside an E*Trade Financial office in New York.

    UBS says ETrade's expansion into the options market could offset the negative effects of increased price competition.

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems.

  • LAGOS, March 9- The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company, it said. Nigeria's bourse, the second-biggest in sub-Saharan Africa after Johannesburg and one of the main entry points to invest in Africa, is currently owned by stockbrokers and some institutional...

  • *U.S. 2- year yield hits highest since August 2009. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • *U.S. to sell $20 billion 10- year notes at 1 p.m.. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • *U.S. to sell $20 billion 10- year notes at 1 p.m.. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • Barclays CEO: We'll settle with DoJ if treated fairly

    Jes Staley, Barclays CEO says the bank will settle with the U.S. Justice Department if it is treated fairly. Also Staley provides his outlook on the investment banking community.

  • TORONTO, March 7- Bankers and stock markets are signaling an upcoming wave of mergers and acquisitions among small and mid-sized miners, but financiers worry that companies have not learned from costly mistakes made in the last commodity boom. "They're not going to sit still," said TD Securities deputy chair of investment banking, Rick McCreary, at a Toronto...

  • LONDON, March 6- A spate of big deals by financial services companies in Europe could earn investment banks an estimated $332 million in advisory fees, with Goldman Sachs set to take the lion's share of the pot. The U.S. bank could earn between $18 and $24 million for advising Standard Life while an additional $13 to $18 million could come from its advisory work with...

  • John Cryan

    The move follows an 18 month period of woes for the German bank, including thousands of layoffs and several management reshuffles.

  • *Q1 adjusted EPS C $1.33 vs forecast C $1.27. TORONTO, March 2- Toronto-Dominion Bank, Canada's second-biggest lender, on Thursday reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. Earnings per share, before one-off items, in the first quarter ended Jan. 31 rose to C $1.33, compared with C...

  • TORONTO, March 2- Toronto-Dominion Bank, Canada's second-biggest lender, on Thursday reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. TD said earnings per share in the first quarter ended Jan. 31 rose to C $1.32, compared with C $1.17 a year ago. Overall net income rose to C $2.5 billion...

  • NEW YORK/ BOSTON, Feb 28- Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating the race to zero and foreshadowing a more important battle to win clients for potentially more lucrative services. Fidelity cut its commissions to trade stocks and exchange-traded funds to $4.95 from...

  • NEW YORK/ BOSTON, Feb 28- Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating the race to zero and foreshadowing a more important battle to win clients for potentially more lucrative services. Fidelity cut its commissions to trade stocks and exchange-traded funds to $4.95, from...

  • NEW YORK/ BOSTON, Feb 28- Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating the race to zero and foreshadowing a more important battle to win clients for potentially more lucrative services. Fidelity cut its commissions to trade stocks and exchange-traded funds to $4.95, from...

  • A man exits a Fidelity branch in New York.

    Shares of brokerages traded lower Tuesday after two major firms in the industry announced plans to cut trading commissions.

  • BOSTON, Feb 28- Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Boston- based Fidelity's price reduction to $4.95 from the previous commission of $7.95 a trade was swiftly followed by news that competitor Charles Schwab Corporation would also lower fees on...

  • BOSTON, Feb 28- Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients. Boston- based Fidelity's price reduction to $4.95 from the previous commission of $7.95 a trade will probably put pressure on the rest of the U.S. brokerage industry. Discount brokers TD Ameritrade...

  • *EPS C $1.58 vs forecast C $1.57. However, Barclays analyst John Aiken said that earnings were boosted by a gain of around C $40 million on the sale of real estate in Canada and an unquantified gain on an investment in Colombia. "Therefore, the view of earnings is either C $1.55 or a low quality C $1.58 and will likely be viewed disappointing against consensus forecast...