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Capital Markets Investment Banking and Brokerage

  • FT: With alumni in the White House, Goldman sees an opening

    A weakening of the Volcker rule is not guaranteed, but it is now within Goldman's grasp, writes the Financial Times.

  • DUBAI/ RIYADH, Aug 20- Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saudi Arabia since the government unveiled plans for oil giant Saudi Aramco's $100...

  • DUBAI/ RIYADH, Aug 20- Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saudi Arabia since the government unveiled plans for oil giant Saudi Aramco's $100...

  • SAO PAULO, Aug 18- Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday. Petrobras, as Brazil's state-controlled oil company is known, is considering whether to list BR Distribuidora SA...

  • Brent Saunders, CEO of Allergan.

    The complaint also blasts Goldman for having few blacks in leadership positions.

  • Biogen

    Goldman Sachs added biotech company Biogen to its Americas Conviction List, citing a 'blockbuster' drug.

  • Aug 15- Latin American online travel provider Despegar.com Corp on Tuesday filed to raise up to $100 million in an initial public offering on the New York Stock Exchange. Despegar entered into talks with investment banks late last year to be listed on the Nasdaq under its previous corporate name, Decolar.com Inc, which is the name it also uses in Brazil.

  • NEW YORK, Aug 11- A former Los Angeles investment banker imprisoned for 11 years for a stock manipulation scheme was sentenced on Friday to an additional five years for misappropriating proceeds from a bond issue by a Native American tribe. District Judge Ronnie Abrams in Manhattan, who also ordered him to forfeit more than $43 million. According to prosecutors,...

  • Aug 10- A former investment banking vice president pleaded guilty on Thursday to a U.S. charge that he engaged in insider trading in Neustar Inc shares before the advertising technology company announced it would be acquired by a private equity firm. Avaneesh Krishnamoorthy, a 42- year-old Indian citizen living in West New York, New Jersey, entered his plea...

  • Riyadh has ambitious privatisation plans, including to raise $100 billion through the listing of five percent of state oil firm Saudi Aramco at home and on one or more overseas markets. "The transformation is probably unprecedented in the region and has few historic precedents outside the region for that scale," said Elhedery, who is HSBC's Middle East and North...

  • NEW YORK, Aug 7- With a nearly 30- percent gain in 2017, shares of industrial products maker Handy& Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on Wall Street have ever heard of the $412- million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings.

  • HONG KONG, Aug 7- Short sellers are increasingly targeting Hong Kong- listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. Short sellers said increasing capital flows between mainland China and Hong Kong, spurred by Beijings recent moves to open up its equity markets, were exacerbating corporate governance...

  • BOX plans to open the trading floor in Chicago later this month, the exchange said in a statement following the decision to allow the move by the U.S. Securities and Exchange Commission. There are a handful of options trading floors left in the United States, including NYSE Arca Options in San Francisco, NYSE American Options in New York, Nasdaq PHLX in...

  • BOX plans to open the trading floor in Chicago later this month, the exchange said in a statement following the decision to allow the move by the U.S. Securities and Exchange Commission. There are currently four options trading floors in the United States: NYSE Arca Options in San Francisco, NYSE American Options in New York, Nasdaq PHLX in Philadelphia, and the...

  • A protester outside a Wells Fargo branch in New York City.

    A new lawsuit accuses Wells Fargo of racketeering and fraud after the bank admitted to charging thousands of borrowers for auto insurance.

  • PARIS, Aug 1- French bank Natixis reported a better than expected rise in second-quarter profits to 487 million euros on Tuesday, benefiting from a bumper quarter for its investment banking business. It outperformed U.S. and European rivals in fixed income and share trading, as its investment banking division's quarterly revenues reached a record 1 billion...

  • PARIS, Aug 1- French bank Natixis reported on Tuesday a forecast-beating bounce in second-quarter profits to 487 million euros, benefiting from a bumper quarter for its investment banking business. Natixis said its net income rose by 28 percent, with a strong rise in asset management and insurance sales also boosting its net profits, which beat the average of...

  • LONDON, Aug 1- Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, according to a new report by consultancy firm Oliver Wyman. Banks are currently planning for a worst-case scenario in which they lose access to the European single market once...

  • *Five European banks FICC revenues down average 12 pct. LONDON/ PARIS July 28- European investment banks coped better with tough market trading conditions than U.S. rivals in the second quarter, when historically low levels of market volatility left investors struggling to make directional bets. That was a better performance than the big Wall Street banks...