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
02/21/2012
Macquarie Pushes Harder into Asia, Americas
The partnership includes investment banking services such as inbound and outbound M&A as well as equity capital markets transactions. In securities, the agreement provides for exclusive cooperation in institutional equity sales, co-branded research to
02/21/2012
MORGAN STANLEY: This Much Cross-Asset Optimism Is Usually A Bad Sign
CFTC data shows that there are currently net speculative long positions in the Nasdaq, US treasuries and oil. Since 1999 the average 6m performance of MSCI Europe post such an occurrence is -6.6% and the probability of a rising market is just 19%.
02/20/2012
Goldman Sachs caught in a Sharia Catch-22
Why? Because Middle East petrodollar funding must be used to strengthen Middle East petrodollar goals.
02/17/2012
Ex-Merrill broker boss slams bank on client focus
When LaMothe abruptly left one of the highest-profile jobs on Wall Street last May, he cited personal reasons.
02/17/2012
Moody’s may downgrade global banks including RBC
Moody’s said the challenges range from more fragile funding conditions and wider credit spreads, to increased regulatory burdens.
02/16/2012
Capital One-ING deal gets U.S. approval
All five Fed governors voted in favor of the deal, the Fed said on Tuesday.
02/16/2012
Asset management M&A edged up in 2011-report
The level of mergers-and-acquisitions activity in 2012 is likely to be little changed from last year as financial and political uncertainties persist, the report said.
02/08/2012
Bank Of America VP Killed In Skiing Crash
A Boston Bank of America vice president was killed Saturday when he crashed into a tree while skiing at the Sugarbush resort in Vermont, according to the Burlington Free Press.