12/18/2012
Jefferies Reports Fourth Quarter and 2012 Fiscal Year Financial Results
"2013 will mark the beginning of a new era for Jefferies."
Investment Banking
12/17/2012
Axis Capital ties up with Baird
The alliance between Baird and Axis Capital is on an exclusive basis.
12/16/2012
Morgan Stanley Names Merger-Advisory Chiefs for U.S., Europe
Morgan Stanley has ranked first or second in advising on mergers and acquisitions each year since 2008.
12/12/2012
Jefferies Vows Immediate Cash Bonuses as Big Banks Defer
Paying immediate cash sets Jefferies apart from some competitors as Wall Street seeks to curb compensation costs.
12/05/2012
Morgan Stanley And Goldman Sachs Planning Big Layoffs: Report
"What sources are telling the FOX Business Network that Morgan Stanley (NYSE:MS) and Goldman Sachs Group, Inc. (NYSE:GS) are seriously eyeing layoffs as well. We don’t know the timing of those…"
12/04/2012
Hapoalim in talks to buy Discount Bank New York
Bank Hapoalim has received a preliminary permit from the US Supervision Authority for State Banks to acquire Discount Bank of New York.
12/04/2012
Banks Challenge RIAs By Renewing Focus On Asset Management
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.
12/04/2012
Gatehouse Bank acquires 2nd US ‘portfolio’
Gatehouse Bank has completed the acquisition of a diverse industrial portfolio of 19 operationally critical properties across the United States of America.
12/03/2012
Houlihan Lokey Expands Business Services Corporate Coverage with New Hires
Houlihan Lokey, the international investment bank, today announced two new hires representing an expansion of the firm’s Business Services Group.
12/02/2012
Bank of America shelves plan on new fees
Fees are unpopular with customers as well as regulators who see them as punishing lower-income customers.
11/21/2012
Farmington bank buying nine Bank of America branches
The acquisitions will boost First State Community, based in Farmington, Mo., to $1.7 billion in assets and 46 Missouri branches.
11/14/2012
Some Bank Of America's Equity Sales Team Are Faking Client Meetings To Make A New Quota
That's a really high number, especially since they're basically chained to their desks during the trading day.
11/12/2012
Legg Mason Reports Assets Under Management For October 2012
Legg Mason is a global asset management firm with $646 billion in assets under management as of October 31, 2012.
11/12/2012
Conglomerate swoops on US investment bank
Handler emphasized that the deal is being done at a time of significant strength for both companies and said its aim is to create more long-term value.
11/11/2012
No increase in banker bonuses this year
That’s because there’s much less investment-banking business being done today, at least compared with the halcyon days of Wall Street just before the market meltdown of 2008.
11/08/2012
Morgan Stanley Reassures Its Bankers
Morgan Stanley gathered its new team of investment-banking leaders in New York this week.
11/05/2012
Stifel Financial to buy fellow investment bank
The transaction is valued in excess of $575 million
11/01/2012
Mercer Reports 2012 Third Quarter Results
For the third quarter of 2012, we had a net loss of €9.7 million
10/31/2012
Wells expands in investment banking as others retreat
As banks across Wall Street retreat from the trading business, Wells Fargo & Co is expanding.
10/25/2012
S May Reduce Kengeter’s Role in Investment Bank Shakeup
Additional job cuts are also on the way, including about 400 staff, or 10 percent of the investment bank’s front-office employees in Europe, people familiar with the matter said last week.