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By Ash Kumar, Bloomberg |
June 6, 2013
The emerging market selloff sparked by speculation of reduced Federal Reserve stimulus may cut revenue for investment banks including Standard Chartered Plc and HSBC Holdings Plc, JPMorgan Chase & Co.’s Cazenove said.
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By Matthew Leising and Jody Shenn |
April 23, 2013
The world’s largest money manager is working with MarketAxess Holdings to create a unified bond-trading platform.
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By Eleni Himaras, Bloomberg |
January 14, 2013
Investment banks are cutting jobs in equities faster than any other division as revenue recovers at a slower pace than the rest of their businesses and more trading is automated.
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By Sree Vidya Bhaktavatsalam, Bloomberg News |
December 4, 2012
Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.
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By Scott Hamilton and Svenja O’Donnell, Bloomberg |
November 26, 2012
Bank of Canada Governor Mark Carney was unexpectedly appointed as the next head of the Bank of England, succeeding Mervyn King.
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By Elaine Knuth |
November 1, 2012
You’ve been thinking about selling your MF Global claim and long ago received the Trustee determination of your filed claim. Where is the truth in these murky waters?
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By Dakin Campbell, Bloomberg |
October 16, 2012
Wells Fargo & Co., the biggest U.S. home lender, is restructuring sales and trading operations to form a new markets division at its investment bank as the firm challenges more established Wall Street rivals.
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By Max Abelson, Bloomberg |
October 3, 2012
The combined $63 billion in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.
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October 2, 2012
Wall Street banks’ equities-trading units aren’t getting much relief from the strongest stock rally since 2009, as sinking volume and already thin margins threaten to make their annual performance the worst in six years.
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By Christine Harper and Hugh Son, Bloomberg |
September 4, 2012
Shareholders of Wall Street banks who agree with former Citigroup Inc. Chief Executive Officer Sanford “Sandy” Weill that the companies should be broken up face an obstacle: Bondholders.
