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Capital Markets Investment Banking and Brokerage

  • The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United States that compete with 13 public stock exchanges, including the Nasdaq and the New York Stock Exchange. That fragmentation, which can make it more challenging to get trades done, has been a source of frustration for many of...

  • NEW YORK, June 1- Financial services company Cowen Inc closed its acquisition of Convergex on Thursday and said it will shutter a key part of the off-exchange trading platform, Millennium, it acquired with the brokerage. The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United...

  • June 1- Longtime Wells Fargo& Co executive David Carroll will retire from his role as head of wealth and investment management next month, saying on Thursday he is leaving because he wants to pursue "another chapter in my life." Carroll's retirement is effective July 1, but he will remain with the company until July 31 to make sure the transition goes smoothly.

  • CARACAS/ NEW YORK, May 30- Goldman Sachs Group Inc's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the country's opposition on Tuesday as an effort to "put lipstick on this pig." The New York- based investment bank came under fire...

  • CARACAS/ NEW YORK, May 30- Goldman Sachs Group Inc's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the country's opposition on Tuesday as an effort to "put lipstick on this pig." The New York- based investment bank came under fire...

  • *EPS C $1.62 vs C $1.46. Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its international strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. Scotiabank, the last of Canada's biggest lenders to report second-quarter results, said earnings per share, excluding one-off...

  • Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its international strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. "Our operations in the Pacific Alliance region had a particularly strong performance in the quarter," Chief Executive Brian Porter said.

  • SAO PAULO, May 29- Brazilian healthcare services provider Notre Dame Intermédica Sistema de Saúde SA on Monday filed for regulatory clearance to launch an initial public offering, the latest in a wave of stock listings in Latin America's largest economy after a years-long drought. The investment banking unit of Itaú Unibanco Holding SA will act as lead...

  • TORONTO, May 25- Royal Bank of Canada reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses. Canada's biggest lender by assets and market value on Thursday said earnings per share, excluding one-off items, rose to C $1.85 per share in the...

  • Oddly Sidic, Haitong and Qosun shares are rallying

    CNBC's Sophia Yan speaks about Citic Securities, Guosen Securities and Haitong Securities, who in total have been fined nearly half a billion renminbi by Chinese regulators.

  • Computer hackers can be foiled if users take precautions when banking online.

    Here are nine easy ways to help keep your financial data out of the hands of cybercriminals.

  • LONDON, May 24- Commodities-related revenue at the 12 biggest investment banks fell 29 percent year-on-year in the first quarter of 2017 to its lowest in more than a decade, mainly due to weakness in the energy sector, a consultancy said on Wednesday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to...

  • EXCLUSIVE- JBS, BRAZIL'S BATISTA FAMILY HAVE APPROACHED SEVERAL OTHER INVESTMENT BANKS FOR HELP ON DIVESTITURES, SOURCES SAY.

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...

  • *Commodities trade still relies on paper mountain. *Tests underway to adopt blockchain technology. LONDON, May 22- Alistair Cross was flying high after showing in a pilot project how blockchain- the technology first developed for the crypto-currency bitcoin- could transform the old-fashioned and secretive world of commodity trading.

  • Now it stands to gain from its loyalty to Russia by winning a greater share of the hundreds of millions of dollars that banks earn each year in Russia from organizing loans, share sales, and mergers and acquisitions, Moscow- based bankers said. Intesa, a minnow in global investment banking, has emerged as an important part of the close business relationship between...

  • Now it stands to gain from its loyalty to Russia by winning a greater share of the hundreds of millions of dollars that banks earn each year in Russia from organising loans, share sales, and mergers and acquisitions, Moscow- based bankers said. Intesa, a minnow in global investment banking, has emerged as an important part of the close business relationship between...

  • *Lloyds has rebuilt as UK focused lender. LONDON, May 17- Lloyds Chief Executive Antonio Horta-Osorio travelled at the front of the British Airways plane last week, enjoying the extra leg room in the business section on his way from London to the bank's annual meeting in Edinburgh. Lloyds said on Wednesday that Britain had sold its last remaining stake in the bank,...

  • Baiju Bhatt

    The real reason there's an all-out price war taking place among online brokers: They know you now can pay nothing to trade.

  • *Dubai's DSI tumbles on Q1 net loss. DUBAI, May 16- Shares of Egypt's EFG Hermes and Talaat Mostafa diverged sharply on Tuesday on news that MSCI will swap the shares in its main Egyptian index, while Gulf equity markets were firm with the Brent oil price at $52 a barrel. Arqaam Capital analysts predicted passive net fund inflows of $33 million into EFG due to the index...