07/31/2012
The San Francisco bank said its "reasonably possible potential litigation losses" in excess of second-quarter legal reserves jumped 30 percent from the first quarter, to as much as $1.2 billion.
07/26/2012
Jefferies set aside $870 million in the first six months of its fiscal year, enough to pay its 3,809 employees an average of $228,407. Goldman Sachs set aside $225,789 for each of its 32,300 workers.
07/26/2012
Flows and Assets Under Management Average assets under management during the second quarter 2012 were $155.0 billion compared with $158.9 billion during the first quarter 2012 and $171.6 billion during the second quarter 2011.
07/25/2012
Banker who once encouraged the US to repeal the Glass-Steagall Act suggested that the types of financial firm he had helped to create should now be broken up
07/25/2012
Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a lo
07/23/2012
Chairman Wang Dongming entered exclusive talks with Credit Agricole in March over the French bank’s remaining CLSA stake to add overseas research, brokerage and investment banking to Citic Securities’s operations.
07/23/2012
Critics including Thomas Hoenig, a Federal Deposit Insurance Corp. board member, say the biggest firms are too complicated to manage.
07/23/2012
Bank failures, asset writedowns and the sale of loans and businesses have sent US assets of eurozone banks tumbling by $540bn from their $1.51tn peak in September 2007.
07/23/2012
“We focused on the two areas of financial advisory and equity capital markets because those were areas that we saw as imminent needs of our customers,” Matthews said in a phone interview. “It was a nice dovetailing of interests and capab
07/20/2012
The report capped a dismal season for the banking industry.
07/18/2012
The second largest U.S. bank cut costs 25 percent in the second quarter, helping it post a slightly larger than expected profit of $2.5 billion after posting a loss the year earlier.
07/18/2012
Global Wealth and Investment Management Reported Record Asset Management Fees of $1.6 Billion, Driven by Market Gains and Solid Long-term Assets Under Management Flows First-lien Mortgage Originations up 18 Percent From Q1-12
07/18/2012
The latest inflows were partially offset by $14 billion of outflows from money market offerings.
07/17/2012
In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.
07/17/2012
Credit Agricole SA is close to entering exclusive talks with Kepler Capital Markets SA on a potential combination of the French bank’s trading and research unit CA Cheuvreux, according to two people familiar with the plans.
07/16/2012
Mr. Biggs was a money manager whose attention to emerging markets during a 30-year career at Morgan Stanley made him one of the first global investment strategists.
07/15/2012
Banks’ risks tied to those countries, as well as Italy, Ireland and Portugal, declined to $181 billion (Dh665 billion) in country-risk claims, according to a Hamilton Place Strategies LLC study to be released on Monday.
07/15/2012
This, the cacophony argues, should either take the form of a full Glass-Steagall-style separation or the ring-fencing of the banks’ retail and small business banking arms to protect them from their nastier and larger investment banking cousins.
07/15/2012
Citi Holdings' losses widened to $920 million in the second quarter from $661 million in the same period a year earlier.
07/12/2012
In previous years, the investment banking category has included the heads of the corporate and investment banking arms of European banks, mainly because their group chief executives were included under the ‘chief executives’ category.