07/09/2013
Moelis reveals $35m cash pot for bankers
The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.
Investment Banking
07/09/2013
Merrill Lynch makes big changes in managed account program
The renovation will "drastically" reduce paperwork, according to Merrill. Clients at most large brokerages now sign separate contracts for myriad accounts and receive performance reports as well as billing for each investment program.
07/09/2013
Invescos June AUM Declines
The decrease was primarily due to unfavorable market returns, declines in money market AUM and negative long-term flows.
07/08/2013
Investment Managers Bullish on Revenue & Hiring, Set to Ramp Up Spending in Technology, M&A Activity and Geographic Expansion
Despite lingering concerns over regulatory and political uncertainty, investment management executives indicate revenues and headcount are on the rise,
06/30/2013
UBS in drive for $100m New York grand prix
Swiss investment bank UBS has been appointed by the organisers of the planned New York Grand Prix
06/30/2013
Stifel Completes Acquisition and Hiring of the Institutional Fixed Income Brokerage Business From Knight
The addition of Knight's fixed income sales and trading business in the U.S. and Europe is highly complementary to our current platform.
06/29/2013
JPMorgan profits surge to £8 billion
The US bank is due to unveil its results next week and according to analysts' consensus forecasts
06/24/2013
CSG Partners named Boutique Investment Bank of the Year and wins M&A Deal of the Year
CSG Partners LLC was named the "Boutique Investment Banking Firm of the Year" and won "M&A Deal of the Year
06/20/2013
Benjamin F. Edwards adds investment banking services
Brokerage firm Benjamin F. Edwards & Co. has added business advisory and investment banking to its lineup of services
06/17/2013
Raymond Saxe, Former HSBC Risk Technology Executive, Dies at 50
He died on June 1 at Sound Shore Medical Center in New Rochelle, New York, following a brief illness
06/11/2013
J.P. Morgan: trading revenue ahead of estimates
J.P. Morgan Chase & Co. JPM Chairman and Chief Executive Jamie Dimon told investors that trading revenue this quarter is running ahead of previous estimates.
06/10/2013
AllianceBernstein Announces May 31, 2013 Assets Under Management
Firmwide net flows were again positive, with net inflows to the Institutions and Retail channels partially offset by net outflows from Private Client.
06/09/2013
Deloitte Buys Assets of a Boutique Bank
Some 70 professionals from McColl Partners, an advisory-focused investment bank, will join Deloitte Corporate Finance, a subsidiary.
06/05/2013
Bank of America Merrill Lynch Receives Multiple Industry Awards for Trade and Supply Chain Finance
Bank of America Merrill Lynch’s strong performance in global trade and supply chain finance has been recognized throughout the industry
06/03/2013
Gleacher ends investment banking business
Gleacher will cut about 20 jobs as part of the move, which is effective immediately and eliminates the company's primary business.
05/28/2013
Morgan Stanley Said to Seek Up to $3 Billion for Property Fund
The firm is seeking a large contribution from China Investment Corp., which owns 6.4 percent of New York-based Morgan Stanley, said one of the people, who spoke on condition of anonymity because the fundraising is private.
05/27/2013
Morgan Stanley Said to Move Asia Hedge-Fund Event to U.S.
The response reflects international concern about the new virus
05/27/2013
Credit Suisse's Asset Management Business Named CLO Manager of the Year by Creditflux
This is the third year Credit Suisse's Asset Management business has received accolades from Creditflux, garnering awards for "Best seasoned US CLO"
05/23/2013
J.P. Morgan Redeploys Staff
Hundreds Are Reassigned to Help With Task of Resolving Regulatory Problems
05/22/2013
Dimon’s Departed Allies Now Hiring J.P. Morgan Executives
Jamie Dimon’s former lieutenants are poaching from him.