Market volatility is traditionally a boon for brokers and banks hungry for client activity. But the latest bout may signal growing unease about a six-year-old bull market that owes much to repeated central bank largesse.
In our new section, FINtech Focus, we will profile one of these firms. While FINtech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. This week we take a look at Contix.
Revenue at the world's 10 largest investment banks rose 9 percent to $44.9 billion in the first quarter compared to a year ago, as financial market volatility and central bank stimulus measures boosted profits, a survey showed on Wednesday.
Barclays Plc, the U.K.’s second-largest bank by assets, said third-quarter pretax profit at its investment bank dropped 39%, trailing European peers, as fees for managing securities sales and trading stocks plummeted.
Tyson Foods Inc., the largest U.S. meat company, raised its offer for Hillshire Brands Co. to about $7.7 billion, outbidding Pilgrim’s Pride Corp. for the maker of Jimmy Dean sausages and Ball Park hot dogs.
Deutsche Bank AG will withdraw from participating in setting gold and silver benchmarks in London after Europe’s top investment bank joined JPMorgan Chase & Co. and Morgan Stanley in cutting back on commodities.