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Capital Markets Investment Banking and Brokerage

  • NEW YORK— Three high-level foreign exchange executives and a currency trader have left Wells Fargo, the bank that has been through several investigations after a scandal over millions of fake accounts and another over auto insurance practices. Wells Fargo confirmed Friday that the employees from the investment bank side of the business were no longer with...

  • *RBR CEO speaking at a conference in New York. ZURICH, Oct 20- Activist investor RBR Capital Advisors wants to expand its stake in Credit Suisse to 1 billion Swiss francs, as the hedge fund pushes to spin off the Swiss lender's investment bank and asset management business. RBR Chief Executive Rudolf Bohli is trying to drum up fresh cash to take a larger position in...

  • ZURICH, Oct 19- Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, valuing them at more than 20 billion Swiss francs when split from the rest of the bank, according to a presentation reviewed by Reuters. The Swiss hedge fund went public this week with a campaign to break up Switzerland's...

  • ZURICH, Oct 19- Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, according to a presentation reviewed by Reuters. A spokesman for RBR declined to comment and said the fund will outline its strategy for Credit Suisse at the JP Morgan Robin Hood Investor Conference in New York on Friday.

  • NEW YORK _ Greenhill& Co. on Wednesday reported a third-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier. The company, based in New York, said it had a loss of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors sought on Tuesday to rally support for a campaign to break up Credit Suisse, hoping to capitalise on unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015.. "This is like an ant trying to tackle an elephant," said Marc Halperin, fund manager at Federated Investors, a top-25...

  • *Nikkei logs 11th day of gains, rest of Asia flat. *Oil highest since Sept as Iraq govt seizes Kirkuk. Stronger profits from investment bank Morgan Stanley and healthcare majors Johnson& Johnson and UnitedHealth looked set to keep Wall Street's rally intact when it reopens after largely flat morning on Europe's big bourses.

  • Oct 17- Goldman Sachs Group Inc beat Wall Street estimates, as bond trading fell less than expected, and investment banking and investing and lending helped buoy results. Net income applicable to common shareholders was $2.04 billion, or $5.02 per share, for the third quarter ended Sept. 30, compared with $2.10 billion, or $4.88 per share a year ago.

  • NEW YORK— Goldman Sachs' third-quarter profits fell 3 percent from a year earlier, as the trading desks at Wall Street's biggest investment bank were weighed down by a slow summer that also affected most of its competition. The Wall Street bank said it earned a profit of $2.04 billion, or $5.02 a share, compared with a profit of $2.10 billion, or $4.88 a share, in the...

  • The bank's wealth management revenue rose 8.7 percent to $4.22 billion- its highest ever, while investment banking revenue rose 12.7 percent to $1.38 billion. "Our third quarter results reflected the stability our wealth management, investment banking and investment management businesses bring when our Sales and Trading business faces a subdued...

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors has launched a campaign to break up Credit Suisse, hoping to capitalise on investor unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015.. RBR, which has been in contact with Credit Suisse's management, wants to divide the company into an investment bank, an asset...

  • *Nikkei logs 11th day of gains, rest of Asia flat. *Oil highest since Sept as Iraq govt seizes Kirkuk. LONDON, Oct 17- World equity markets held close to all-time highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain.

  • NEW YORK, Oct 16- A brokerage industry regulator on Monday ordered Wells Fargo& Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank. From July 2010 to May 2012, Wells Fargo brokers sold risky exchange-traded...

  • NEW YORK, Oct 16- A brokerage industry regulator on Monday ordered Wells Fargo& Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices have bled into areas outside its consumer bank. From July 2010 to May 2012, Wells Fargo brokers sold risky exchange-traded...

  • Oct 16- U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week. Wall Street investment banks Goldman Sachs and Morgan Stanley report on Tuesday. *Wall Street indexes ended higher on Friday, with the S&P...

  • Oct 12- Citigroup Inc's quarterly earnings beat Wall Street expectations on Thursday as cost-cutting, a unit sale and a gain in investment bank fees compensated for weak bond trading and a jump in provisions for consumer bad debts. Chief Executive Michael Corbat has pledged to grow profits from consumer lending to stock trading, and return tens of billions of...

  • NEW YORK— Financial conglomerate Citigroup said its third-quarter profits increased 8 percent from a year earlier, helped by a boost in its investment banking division. Citigroup said it earned $4.13 billion, or $1.42 per share, compared with a profit of $3.84 billion, or $1.24 per share, in the same period a year earlier. In a statement, Citigroup CEO Michael...

  • NEW YORK— U.S. stock indexes retreated from their record highs Thursday as retailers and media companies declined and investors shrugged at quarterly reports from a few big banks. AT&T had its worst one-day loss since 2008 after it said lost more satellite and cable TV subscribers in the third quarter. JPMorgan Chase and Citigroup both did better than analysts...

  • Wall Street may not be crazy about bitcoin, but it is intrigued by its use of blockchain technology.

  • The man leading Credit Suisse's blockchain ambitions talks Wall Street's crytpo craze

    James Disney, Credit Suisse global head of software investment banking, discusses what his firm hopes to achieve by investing in bitcoin.