UPDATE - Macquarie says weak markets hurting; shares slide
2010-07-30 06:00:56
Keywords: Australia,Asia,Financials,Banks (industry group),Fund management and asset allocation,United States of America,Banks,Corporate Results Forecasts,Corporate Results,Major Breaking News,Financial service providers,Italian Domestic News Service (Reuters),Comp
Quote: Thu Jul 29, 2010 9:31pm EDT
* Trading, investment banking, securities hit * Surplus capital of A$3.1 billion also weighing * Shares fall more than 6 pct to one month low * Mirrors Goldman, Citigroup, Bank of America-Merrill
Lynch(Adds details) By Narayanan Somasundaram SYDNEY, July 30 (Reuters) - Macquarie (MQG.AX), Australia's
top investment bank, joined global peers in warning weak
markets were hurting key businesses, pulling back from a
bullish forecast in April and sending its shares down mo...
Read articleInterchange Fees: The Latest Dialogue
2010-07-30 06:00:55
Quote: Read articleJapan's Nomura Q1 profit down on underwriting slump
2010-07-30 06:00:54
Keywords: Banks,Financials,Banks (industry group),Fund management and asset allocation,United States of America,Major Breaking News,Japan,Asia,Corporate Results,Banking services,Financial service providers,Company News item,Economic news, EC, business/financial pag
Quote: Goldman Sachs (GS.N), Citigroup Inc (C.N) and Bank of America
(BAC.N) also suffered from weak earnings in the latest quarter
due to a drop-off in trading gains and investment banking fees.
Nomura's smaller domestic rival Daiwa Securities (8601.T) this
week posted a loss. [ID:nTOE66Q069] Prior to the announcement, Nomura shares closed 1.6 percent
lower at 481 yen, in line with the securities sector subindex
.ISECU.T, which fell 1.5 percent.(Reporting by Junko Fujita; Editing by Dhara Ranasinghe)....
Read article[$$] Citi Pays for Subprime Feint
2010-07-30 06:00:54
Quote: Read articleWyly Brothers Face SEC Fraud Charges
2010-07-30 06:00:54
Quote: Evan Wyly, reached in Dallas, declined to comment.The SEC is seeking return of the allegedly ill-gotten gains and penalties.Bank of America Corp., in seeking to comply with "know your customer" laws, met resistance with the offshore trusts. The bank closed the accounts after the account trustees refused to disclose the owners.Despite the age of the charges, the SEC said it acted in a timely manner and has reached several agreements with the defendants to extend the statute of limitations.—...
Read articleUPDATE - Nomura Q1 profit falls amid underwriting slump
2010-07-30 06:00:53
Keywords: Financials,Japan,Asia,Banks,Banks (industry group),Fund management and asset allocation,United States of America,Major Breaking News,Financial service providers,Investment services,Banking services,Company News item,Economic news, EC, business/financial p
Quote: Goldman Sachs (GS.N), Citigroup Inc (C.N) and Bank of America
(BAC.N) also posted weak quarterly earnings due to a slide in
trading gains and investment banking fees, while smaller Japanese
rival Daiwa Securities (8601.T) posted a loss. [ID:nTOE66Q069] Nomura's performance was also slowed by a sharp drop-off in
its underwriting business as Japanese companies refrained from
issuing new shares due to sluggish market conditions. Nomura, which is expanding rapidly overseas to better compete
against ...
Read articleNomura and Macquarie hit by fewer deals and frail markets
2010-07-30 06:00:52
Keywords: Nomura and Macquarie hit by fewer deals and frail markets, bac,c,gs,lehmq.pk,mqg.ax, international
Quote: Read articleNomura, Macquarie hit by fewer deals, frail markets
2010-07-30 06:00:52
Keywords: Financials,Japan,Asia,Banks,Banks (industry group),Fund management and asset allocation,United States of America,Major Breaking News,Financial service providers,Investment services,Banking services,Company News item,Economic news, EC, business/financial p
Quote: Their downbeat updates mirror grim results from Western
rivals such as Goldman Sachs (GS.N) and Citigroup (C.N) and
Bank of America Merrill Lynch (BAC.N) as shaky financial
markets cut into fees from trading, underwriting and advising
on deals. Nomura said hedge funds and other institutional investors
pulled back from markets after volatility spiked in the wake
ofthe European debt crisis. Nomura's profits from trading halved
and its overall net profit fell 80 percent inApril-June from
a year ago...
Read articleBNP Taps Former BofA Executive for Equity Sales
2010-07-30 06:00:51
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: BNP Paribas has hired formerBank of Americareported, citing a person familiar with the matter.
Mr. Innes will oversee sales for the Americas for stocks, equity derivatives, prime brokerage and convertibles, the source said. His position was previously held by Aaron Ford, who resigned last week. Mr. Innes starts next week.
Mr. Innes is being reunited with the prime brokerage group that he used to oversee when he worked at Bank of America, where he also headed equity derivatives sales and trading....
Read articleSEC No Longer Obliged to Respond to Press, Says Fox
2010-07-29 02:32:57
Quote: Read articleIs Obama's SEC Tougher Than Bush's?
2010-07-29 02:32:56
Quote: By Michael CorkeryJudging from the headlines, the SEC is on track for a big year dishing out penalties.
There is, of course, the $550 million penalty slapped this month on Goldman Sachs Groupover the Abacus deal.
In February, the SEC fined Bank of America $150 million as part of a settlement over charges that the big bank failed to tell shareholders about big losses at Merrill Lynch ahead of the deal to acquire the New York brokerage. (Of course, a federal judge had to force the SEC to increase ...
Read article[$$] Barclays Makes a Splash in Financing
2010-07-29 02:32:54
Quote: Read articleCiti's Greatest Trade Ever? Selling Phibro
2010-07-28 06:16:31
Quote: Read articleCiti may put some prop traders in other unit-report
2010-07-28 06:16:28
Keywords: Banks,Banks (industry group),Financials,United States of America,Fund management and asset allocation,
Quote: Last week, Bank of America Corp (BAC.N) reduced its private
equity investment business to prepare for a changing regulatory
landscape, a move that affected roughly 30 employees.
[ID:nN23108247](Reporting by Sakthi Prasad in Bangalore; Editing by Michael
Shields )......
Read articleRakoff Hushes JP Morgan Bankers on Televisa Loan
2010-07-27 02:22:54
Quote: Read articleUPDATE - BofA's Krawcheck adds to executive team
2010-07-27 02:22:52
Keywords: Banks,Banks (industry group),Financials,Fund management and asset allocation,United States of America,Banking services,Financial service providers,Investment services,Management issues/policy,Company Management Issues (Australian Stock Exchange announceme
Quote: Mon Jul 26, 2010 9:14pm EDT
* Lisa Shalett appointed to investment chief post * Former colleague of wealth chief Sallie Krawcheck * Will oversee investment strategy for brokerage force(Adds executive comment, details) By Joe Rauch CHARLOTTE, N.C., July 26 (Reuters) - Bank of America Corp
(BAC.N) on Monday appointed a former colleague of Sallie
Krawcheck as its Merrill Lynch global wealth management unit's
new chief investment officer. Lisa Shalett, a former Sanford C. Bernstein LLC CEO, will
ov...
Read article[$$] Japanese Lenders Looking West Face Challenges
2010-07-27 02:22:51
Quote: Read articleExaminer sees signs of misconduct in Tribune deal
2010-07-27 02:22:51
Keywords: Examiner sees signs of misconduct in Tribune deal, bac,jpm,trbcq.pk, legal-matters
Quote: Read articleBank results show improving credit, tight margins
2010-07-27 02:22:50
Keywords: Investing|Stocks, COF, Capital One Financial Corp, C, Citigroup Inc, MS, Morgan Stanley, MS, Morgan Stanley, BAC, Bank of America Corp, HCBK, Hudson City Bancorp Inc
Quote: Read articlePay czar will not fight banks on $1.6B in exec pay
2010-07-26 01:28:54
Keywords: Pay czar will not fight banks on $1.6B in exec pay, axp,bac,bk,bpfh,c,cit,cof,gs,jpm,ms,mtb,pnc,rf,sti,wfc
Quote: Read article