Capital Markets Investment Banking and Brokerage

  • LONDON, March 11- Bank of America has appointed James Robertson and Peter Luck as co-heads of UK investment banking as part of its push to win business from large corporate clients in Britain. Robertson is joining Bank of America from UBS after a 22- year career at the Swiss bank where he recently headed its UK advisory business. They will report to Matt Cannon and...

  • LONDON, March 7- Goldman Sachs, once one of the most active banks in commodities trading, has cut 10 roles in its global commodities trading division, two sources familiar with the matter said on Thursday. The cuts were announced this week and followed an annual process where the bank makes headcount reductions in all divisions across all regions, one of the...

  • We don't see a U.S. recession before early 2020, strategist says

    Diana Amoa, fixed income portfolio manager at J.P. Morgan Asset management, discusses the U.S. economy, currency markets, and global growth.

  • *LYFT SAYS STIFEL, RBC CAPITAL MARKETS, KEYBANC CAPITAL MARKETS ARE AMONG UNDERWRITERS TO THE IPO. *LYFT INC SAYS COWEN, RAYMOND JAMES, CANACCORD GENUITY, EVERCORE ISI, PIPER JAFFRAY AND JMP SECURITIES ARE AMONG UNDERWRITERS TO THE IPO. *LYFT- WELLS FARGO SECURITIES, KKR, ACADEMY SECURITIES, BLAYLOCK VAN, PENSERRA, SIEBERT CISNEROS SHANK& CO, THE WILLIAMS CAPITAL GROUP...

  • LYFT INC SAYS JP MORGAN, CREDIT SUISSE, JEFFERIES AND UBS INVESTMENT BANK ARE AMONG UNDERWRITERS TO THE IPO.

  • Feb 26- Goldman Sachs Group Inc said losses related to ongoing lawsuits could possibly exceed its reserve for legal matters by up to $1.9 billion. In September, the investment bank said its losses could be up to $1.8 billion in excess of its reserve. Apart from the lawsuits Goldman is already facing, it is being investigated by Malaysian authorities and the U.S....

  • Feb 26- Goldman Sachs Group Inc said it expects losses related to ongoing lawsuits to be about up to $1.9 billion more than the money it set aside for legal matters. In September, the investment bank had expected losses to be $1.8 billion in excess of its reserve. Apart from the lawsuits Goldman is already facing, it is being investigated by Malaysian authorities...

  • Feb 25- Bank of America Corp is dropping the "Merrill Lynch" name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday. The investment bank and capital markets business is ditching the 104- year old name to become BofA Securities and its wealth management businesses...

  • Feb 25- Bank of America Corp is dropping the "Merrill Lynch" name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday. The investment bank and capital markets business is ditching the 104- year old name to become BofA Securities and its wealth management businesses...

  • Feb 25- Bank of America Corp is dropping the "Merrill Lynch" name from most of its businesses, including its investment bank unit, phasing out a name with a long history on Wall Street as part of rebranding and multi-year marketing effort, the lender said on Monday. The investment bank and capital markets business will be renamed BofA Securities and its wealth...

  • Feb 25- Bank of America Corp is dropping the "Merrill Lynch" name from most of its businesses including its investment bank unit, the lender said https://newsroom.bankofamerica.com/press-releases/corporate-and-financial-news/b a n k- a m e r i c a- s h a r e s- b r a n d- u p d a t e s on Monday. The bank will rename its wealth management business as "Merrill," while the global...

  • PARIS, Feb 22- Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros in cost savings, a source at the bank said on Friday. The French bank said this month it planned to restructure its investment bank to save costs. It has said it would focus on activities such as equity derivatives and...

  • LONDON, Feb 15- Royal Bank of Scotland will pay investors, including the British government, a bigger-than-expected dividend after it more than doubled its profit in 2018, but warned that Brexit could drive businesses under and curtail cost-cutting. RBS, which is still majority state-owned, said it would pay investors an annual dividend of 3.5 pence and a...

  • LONDON, Feb 15- Royal Bank of Scotland announced a better than expected dividend for investors including Britain's government on Friday after its profit more than doubled in 2018, but warned Brexit turmoil would make it harder to achieve its cost-cutting goals. The majority state-owned lender said it would pay an annual dividend of 3.5 pence and a special...

  • FRANKFURT, Feb 14- Deutsche Bank said it has done enough to get its investment bank back on track as Chief Executive Christian Sewing came under renewed pressure from top investors. A second top investor thinks that the U.S. investment banking business is still too big and contributes too little to Germany's biggest lender, another person said.

  • ABU DHABI, Feb 12- Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup's head of investment banking, Middle East and Africa. The U.S. lender, which is working towards a full banking licence in Saudi Arabia, ended a five-decade presence...

  • *Budapest stocks hit 5- week low, Prague off 2- month high. Budapest led equities losses, with its bluechip index falling 0.7 percent by 1005 GMT to 39,900 points. "there is the trade war and other risks which keep sentiment negative for days or even weeks," said Zoltan Varga, analyst of Equilor brokerage in Budapest.

  • PARIS, Feb 7- Societe Generale has cut its profitability target after the French bank was hit by a fourth-quarter market downturn, joining other European banks battling a tough environment. Societe Generale also said it would not meet its 3 percent revenue annual growth target after revenue fell 6.3 percent in the fourth quarter to 5.93 billion euros, in line...

  • LONDON, Feb 5- HSBC is preparing to lay off dozens of staff in its global banking and markets business, a source with direct knowledge of the matter told Reuters on Tuesday. The cuts follow several weeks of performance reviews and planning for 2019 by the bank's senior management team, which was recently joined by former Royal Bank of Scotland executive Ewen...

  • MUMBAI, Feb 5- Indian steel firms are putting pressure on the nation's government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said. India's top four steelmakers- JSW Steel Ltd, Tata Steel Ltd, state-owned Steel Authority of India Ltd...