03/29/2012
Islamic Lending Grows as Western Banks Take Breather
In the first three months of 2012, $6 billion of sukuk were sold in the six countries of the Gulf Cooperation Council, approaching the total of $7.3 billion issued in the whole of 2011, according to data from the Dubai bank Emirates NBD.
03/20/2012
While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including new York City mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.
03/20/2012
The transaction has been approved by the Board of Directors of each company and is expected to close in the third quarter of 2012.
03/19/2012
The news of the low year-end pay, at least by Wall Street standards, has sparked griping that being an investment banker is not worth it anymore. Some have said it was a big ego blow.
03/16/2012
It wiped more than $2billion – almost £1.3billion – off the Wall Street giant’s share value yesterday.
03/15/2012
Every time Goldman Sachs Grou President Gary Cohn sticks his chin out, he seems to take another hit.
03/15/2012
It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.
03/13/2012
A New Zealand native who lived in Manhattan, he served on the board of the SAMFund, a Boston-based nonprofit organization that provides grants to help young adults transition to life after cancer.
03/09/2012
Aifric Campbell's On The Floor tells the story of a young woman who rises to the top of the world of high finance only to be dragged under by debilitating insomnia, alcoholism and ruined relationships.
03/06/2012
The bank, long known for its U.S. focus, will open corporate banking services in Britain, Germany, China, Singapore and Australia, according to the Financial Times as reported by Reuters.
03/02/2012
JPMorgan Chase to build up to 200 branches in Florida
Since it’s the largest bank in the United States based on its $2.3 trillion in total assets, a lot of observers were watching and listening closely to what Chief Executive Officer Jamie Dimon and other executives had to say.
03/01/2012
JPMorgan targets record annual profits, again
That time likely to be in two to three years once the housing market improves and the legal issues linked to mortgages are resolved.
02/28/2012
LPL scores former Merrill exec as CMO
Khoury brings years of experience developing and promoting the biggest brands in the financial services industry. At Merrill, she was senior vice president, strategic marketing and oversaw a 90-member team that developed award-winning marketing and brand
02/28/2012
Bank of America Merrill Lynch Scoops Six Top Awards
The award for Best Global Debt Bank was given to BofA Merrill due to the success that the debt platform has experienced over the past year.
02/28/2012
HSBC Bank Canada fourth quarter 2011 results
The abbreviations 'C$m' and 'C$bn' represent millions and billions of Canadian dollars, respectively.
02/26/2012
Emerging Markets Bear Burden Of Higher Capital Requirements
Doubts about the impact of heightened capital requirements and other banking regulations on profits, combined with uncertainty about risks related to the euro-zone's debt problems, have prompted banks to consolidate their balance sheets and cut back
02/24/2012
For Former Lehman CEO, Life on Wall Street is Tough
The problem for Fuld centered on regulators continued questioning of how much business he was generating at the firm and Fuld’s inability to obtain brokerage licenses from state regulators, according to people with direct knowledge of the matter.
02/23/2012
BofA to accelerate growth efforts in China
China may become Bank of America's largest revenue and profit contributor in Asia Pacific in two years, according to Huang, who declined to say where the business ranks now.
02/23/2012
Citi boosts ABS buying through asset management arm
JPMorgan‘s decision to essentially underwrite the return of the European asset-backed securities (ABS) market after 2007 is one of the most contrarian and successful investment strategies the market has witnessed.
02/22/2012
'No improvement in BRICs capacity to withstand shocks from global risks despite economic growth'
The findings of the Global Risks Atlas 2012, released by risk analysis firm Maplecroft, indicate that strong economic performance in the BRICs has not translated into improved societal resilience or governance, which constrain a country’s ability to